| |
Stock of the Month Spotlight
|
Kore Nutrition Inc. Website:
Click Here |
Information As Of
September 1,
2010 |
| Exchange:
OTCBB |
Market Cap:
41.7
Million |
| Outstanding Shares:
64.2
Million |
52 Low / High:
$0.46 / $0.84 |
|
Price September
1, 2010:
$0.65 |
KORE Recent Stock Quote and News:
Click Here |
"Kore
has engaged the world of poker superstars to endorse its
products. The poker legend, Johnny Chan is easily one of the
most recognizable players in the game and is leading the pack
with his support of ALL IN energy drinks. The number of
players endorsing ALL IN does not stop with Johnny Chan,
however. Approximately 30 different high profile and
well-known players, such as Chris Moneymaker, Scotty Nguyen
and Freddie Deeb don ALL IN attire and support the Company by
drinking their beverages during poker tournaments."
Overview
Kore, through its wholly-owned subsidiary, ALL IN, is engaged in the business
of developing, producing, and selling non-alcoholic beverages. It produces
premium energy drinks and an enhanced purified water under the brand name, ALL
IN(TM) Energy, to suit the demands of an active world. Unlike competitive energy
drinks, which can lack great taste and occasionally create a mere energy blip,
ALL IN(TM) Energy is a premium sugar free product, with no carbohydrates, and
less than 10 calories per can.
ALL IN(TM) Energy uses herbs, vitamins and amino-acids to provide a balanced
and sustained sharpening of focus and pure energy. ALL IN(TM) Energy drinks are
available in three unique and delicious flavors: Citrus, Grape and Acai Berry.
ALL IN(TM) also offers a premium water that uses advanced technologies, and
preliminary research suggests that ALL IN(TM) water is a faster hydrator than
ordinary tap water and other mineral waters. Legendary poker champion Johnny
Chan has joined together with fellow top poker professionals, who all endorse
ALL IN(TM) Energy drinks. Kore intends to expand the production, sales and
distribution of ALL IN(TM) Energy drinks and water over the next twelve months.
Investment Highlights
- Energy Drink Explosion. The sector is experience
a nearly 65% growth year over year. With relatively
miniscule dollar volume in the year 2000, sales grew to $200
million in 2005 and mushroomed to $3.4 billion in 2007.
Estimates have the energy drink sector to approach $10
billion in 2011.
- Texas Hold ‘Em Explosion. Much like energy
drinks, Texas hold ‘em has been around for a century, but
with the implementation of “lipstick cameras” and an amateur
player winning $2.5 million at the World Series of Poker,
the game has developed into a full-blown industry.
- Unsurpassed Exposure. By setting and achieving
lofty goals to promote and brand the ALL IN company name
through the poker world, Kore Nutrition has strategically
exposed their products to millions and millions of potential
consumers.
- World-Renown Endorsements. Kore has an
endorsement team that most OTCBB companies can never
achieve. Led by 10-time world poker champion, Johnny Chan,
the ALL IN brand is endorsed by many of the most notable
poker players in the world as well as being a featured
sponsor at the WSOP.
- Multiple Products. Most companies struggle to
develop one successful product. Kore has several flavors of
their proprietarily-formulated energy drinks as well as
their scientifically-proven superior purified water.
- Glowing Research Report Write-Up. Cohen
Independent Research recently performed an evaluation of
Kore. They established a $10.50 price target while speaking
favorably about Kore in general.
- Technical Merits.
KORE has been in a solid channel between $.46 and
$.64 for approximately 3 months. Over the course of those 3
months, the price per share (PPS) has been on a slow, but
steady incline towards the top of the channel. This week it
appears that it is trying to make a move to the north side
of the channel as the price popped through the topside on
Monday with a close at $.71.
Profile
Companies are always looking to capitalize on hot topics
and industries in today’s world. In the world of
publicly-traded companies, the sector of energy drinks is
virtually “white hot.” In terms of our general society, Texas
Hold ‘Em is also growing in popularity exponentially
worldwide. The two virtually go hand-in-hand as poker
tournaments can be extremely lengthy and staying alert for
many hours is simply required. For a moment, let’s take a look
at the development of the popularity of both.
The history of the first energy drinks is somewhat debatable
as “Iron Brew,” a Scottish beverage is considered by some to
have been the first in 1901, but a more common attribution of
the first real energy drink is given to the Japanese in the
1960’s. Manufactured by Taisho Pharmaceutical under the names
“Libogen” and “Livita,” this beverage was specifically
produced as an energy drink to thwart physical and mental
fatigue. The main ingredient in this drink is taurine, but it
is also combined with caffeine and various key vitamins
including B1, B2 and B6 along with other ingredients. Research
has not shown much in the way of taurine actually producing
energy, but there is significant amounts of data showing that
taurine can have plenty of other benefits for the body such as
positive effects for the liver and reduction of high blood
pressure.
The popular beverage soon became popular in Thailand,
especially used by rickshaw drivers, as a beverage called
“Krating Daeng.” The name is based on the fact that taurine
occurs naturally in the semen and urine of bulls. While this
may be a bit disturbing to many people, the fact is that the
majority of all taurine used today is chemically synthesized,
but it is still considered the foundation of the naming of the
energy drink.
In the United States, “Jolt” cola was the first drink marketed
as a pure energy drink in 1985. Jolt was basically a beverage
loaded with sugar and caffeine and marketed as a drink to keep
people awake due to the high caffeine levels. While it did not
have sustaining power in the market, Jolt helped pave the way
for energy drinks as people were beginning to work more and
play harder and developed an unquenchable thirst for drinks
that provided energy. It was 1997 that saw the resurgence of
energy drinks taken to the extreme when Austrian Dietrich
Mateschitz ran hard and fast with the taurine-based beverage.
Mateschitz named his new drink based on the Thai drink,
“Krating Daeng,” which in English translates to “Red Bull.”
The rest, as they say, is history, as the energy drink
industry has never been the same since.
Red Bull has continued to dominate the market since its
inception. Annual sales for 2009 were just shy of $2 billion.
It is not without competition, though. In 2001, Rockstar, Inc.
emerged with its own energy drink appropriately called
“Rockstar” and in 2002, Red Bull’s main competition surfaced
as Hansen and Company debuted “Monster Energy.” While Red Bull
is still clearly the leader in annual sales, Monster is making
up ground quickly with a sales growth of nearly 11% from 2008
to 2009. Monster’s sales, which are approaching $1 billion
annually are still only about 50% of Red Bull. Rockstar is
still growing overall, but experienced a 1.2% decrease in
sales from 2008 to 2009 totaling just shy of $400 million in
sales last year.
The explosion overall still continues as the energy drink
sector is the fastest growing segment in the beverage
industry. The sector is experience a nearly 65% growth year
over year. With relatively miniscule dollar volume in the year
2000, sales grew to $200 million in 2005 and mushroomed to
$3.4 billion in 2007. Estimates have the energy drink sector
to approach $10 billion in 2011.
The history of Texas hold ‘em is somewhat sketchy, but
Robstown, Texas is generally given credit as the game's
birthplace in the early 1900’s. In 1967, the game was
introduced to Las Vegas. While it remained quietly enjoyed by
many, 7-card stud remained the most popular poker game in the
world. The dawn of the 21st century, however, saw the
evolution of the game and the beginning of global prominence
as hold ‘em tournaments began using “lipstick cameras” to show
the players’ hole cards. Much like the energy drink craze
initiated by Red Bull, the wick was lit and the Texas hold ‘em
explosion was about to happen.
In 2003, the World Poker Tour began using lipstick cameras and
the momentum in popularity was in full swing. When Chris
Moneymaker, an amateur who gained admission through online
hold ‘em tournaments, won the $2.5 million first place prize
at the 2003 World Series of Poker (“WSOP”) live on ESPN, the
doors opened wide to amateurs everywhere as to the
possibilities of playing this “no limit” game and the
revolution had officially begun. That particular year, 839
people entered the WSOP. In 2010, there were 7,319 entrants.
Major networks such as ESPN, NBC and GSN now broadcast hold
‘em poker on a near daily basis.
Online poker playing has followed along in growth with nearly
10 million serious (defined as playing for more than 5 hours
per week) players participating daily. The growth on
television popularity and online popularity has turned Texas
hold ‘em into a multi-billion dollar industry that doesn’t
appear to be slowing in growth anytime in the foreseeable
future. In fact, advertising and media is still in its infancy
as more companies are turning directions to place advertising
into this space due to the massive amounts of exposure it is
receiving. Poker is third in overall television worldwide only
trailing soccer and NASCAR, so it is not a big surprise that
advertisers are pursuing the industry. The WSOP is broadcast
to some 300 million households across 25 countries on five
continents.
As this article started, combining the forces of two of the
most rapidly growing industries in our world today could be
beneficial to a publicly-traded company. Kore Nutrition, Inc.
(OTCBB:KORE) is a company that is attempting to capitalize on
the popularity of these two growing giants. KORE, through its
wholly-owned subsidiary, ALL IN, is engaged in the business of
developing, producing, and selling non-alcoholic beverages.
The Company produces premium energy drinks and an enhanced
purified water under the brand name, ALL IN™ Energy.
ALL In Energy drinks come in grape, citrus, root beer and akai
berry flavors and are formulated with adaptogenic herbs,
vitamins and amino acids that provide sustainable energy, a
sharpened sense of focus and also support the immune system.
Astralagus, schidandra, Panax Ginsend and Panax Quinquefoliums
are some of the herbs used to support the immune system. In
addition, ALL IN energy drinks contain vitamins and amino acid
ingredients such as Vitamin C, Niacin, B6, Folic Acid, B12,
and Pantothenic Acid. The sugar-free, proprietary combination
provides for a smooth and flavorful taste with low calories
(less than 10 per can) and no carbohydrates.
Kore has engaged the world of poker superstars to endorse its
products. The poker legend, Johnny Chan is easily one of the
most recognizable players in the game and is leading the pack
with his support of ALL IN energy drinks. The number of
players endorsing ALL IN does not stop with Johnny Chan,
however. Approximately 30 different high profile and
well-known players, such as Chris Moneymaker, Scotty Nguyen
and Freddie Deeb don ALL IN attire and support the Company by
drinking their beverages during poker tournaments. ALL IN is
becoming synonymous with poker tournaments as ALL IN logo is
also found of the felt of the actual playing table.
In addition to the marketing through player endorsements, ALL
IN beverages were the only beverages served on the WSOP
playing floor. Tables were stocked with ALL IN energy drinks
and purified water before the start of the tournaments, the
server trays were continuously stocked with ALL IN beverages
and ALL IN dealer flags were used during the finals of the
tournament solidifying ALL IN as part of the WSOP.
KORE is clearly making an impact on the poker industry and
successfully branding itself within the poker community, but
their business strategies do not stop there. The Company is
beginning to diversifying into other billion-dollar
industries. ALL IN sponsored the #4 and #49 cars of Jay
Robinson during the 2008 NASCAR Nationwide Series. KORE also
intends to begin sponsorships and advertising through the
mega-popular world of mixed martial arts. The world of MMA is
an industry growing at an incredible pace with millions of
viewers and seems a natural fit for the Company’s slogan of
“In life, play harder, last longer, live free and go ALL IN!”
While most companies would be complacent with having one
product with the potential that ALL IN energy drinks possess,
KORE also has its purified bottle water products. Bottled
water has surpassed beer, milk and coffee to become the second
best selling beverage behind soft-drinks. Some estimates
predicted that bottled water will be the number one selling
beverage by the end of 2010.
ALL IN purified waters go through a 12-step distillation
process to filter out the highest level of dissolved solids
that are present in many other waters. ALL IN also has proven
scientifically that the blend of minerals added to their
waters provide maximum hydration effects to increase energy
levels, performance and quick recovery response times.
KORE’s aggressive growth strategy is to build upon what they
have already successfully established, increase production and
focus on multiple targets for greater distribution and
visibility. It is clear what they have done within the poker
industry and that is scheduled to continue. All of their
products are presently sold on the continents of North
America, Asia, Europe and Australia. Expansion through
distribution within these continents is expected in 2011.
Further, KORE intends to sign contracts with major hotel
chains and appoint a senior level beverage-specific CEO to
execute the Company’s growth strategies in conjunction with
the appointing of a world-class advisory board.
KORE was recently evaluated by the Cohen Independent Research
Group, Inc. and given a target value of $10.50. In the words
of the evaluation,” Kore Nutrition has gained recognition
through sponsorship of the World Series of Poker, and has
endorsements with the ten time champion. The Company plans to
ramp up production in 2010 and begin widespread distribution
to convenience stores, supermarkets, hotels and casinos. We
expect revenues to grow steadily in the next several years.”
This is consistent with the most recent Kore press release
which stated, “as of August 1, 2010, management of Kore
expects the Company to exceed financial projections for fiscal
year 2011 and to become profitable in that year.”
Technically speaking, KORE has been in a solid channel between
$.46 and $.64 for approximately 3 months. Over the course of
those 3 months, the price per share (PPS) has been on a slow,
but steady incline towards the top of the channel. This week
it appears that it is trying to make a move to the north side
of the channel as the price popped through the topside on
Monday with a close at $.71. A bit of selling on Tuesday has
brought the PPS right back down on top of the channel. From a
technical standpoint, this previous resistance should hold as
a new support level.
One important thing to note is that the PPS has been holding
over the 20 day simple moving average (SMA). This is the sign
of a bullish chart as the 20 SMA is the middle of the
bollinger bands and a strong chart trades consistently to the
upper side of the bollingers. A sampling of indicators that
are momentum, trend and volume based produces some mixed
signals as the Relative Strength Index (RSI) is in a long term
uptrend that mimics that uptrend of the PPS, but it has curled
down today based on the dip in PPS. The trendline is still
intact at this point and the RSI value is still over 50
(bullish). This trendline and value must hold. The Chaikin
Money Flow (CMF) is a volume based indicator that is about to
break under zero at this point. Again, the overall trend is
still up at this point. The Moving Average Convergence
Divergence (MACD), which is an oscillator that can give
readings for both momentum and trend, is on a solid uptrend
toward 0. This is very commonly interpreted by technical
traders as a strong buy signal as 0 is referred to as “the
money line.”
Overall, the chart is more bullish than bearish as a more
lengthy view of the chart is still showing uptrends in the
indicators as the PPS is trying to push through to levels it
hasn’t been at in over 3 months. Should the stock head in the
opposite direction of what is hoped for a strong support level
at around $0.55. As such, stop losses just under that price
range would be encouraged. As we always say at this point, we
would like to remind all investors to do their own due
diligence when investing in anything they see on
AllPennyStocks.com, and consult with a financial advisor
before making any investment decisions.
The ready to drink beverage industry, primarily energy drinks
and bottled water, have been growing at unprecedented rates in
recent years with no real limitations in sight currently. In
the context of industry sectors, they are both still
relatively young with a great deal of growth potential
available. The potential of the energy drink space is
particularly attractive to young companies. While Red Bull,
Monster and Rockstar will continue to battle for the top
positions, as the three combined control nearly 65% of the
sector, there are several companies that are not only looking
to capitalize on the remaining 35%, but strategically position
themselves for a possible explosion that catapults a new
company into the battle with the top three. After all, Red
Bull probably never saw Monster coming when they appeared on
the scene and then started gobbling up part of their market
share. Kore Nutritional, Inc. is a leading company that is
positioning itself in attempt to make this kind of impact.
Presently trading at $.65, with only
64 million outstanding shares, KORE
has unique potential to produce value for its shareholders as
its products continue to be rolled-out globally and when more
exposure, both domestically and internationally, is attained.
We at AllPennyStocks.com are seeing the potential of the young
company, and look with interest to KORE and the investment
opportunity presented. For the reasons above, we have decided
that KORE meets our criteria to be the next U.S. Company
Spotlight and we encourage our investors to
conduct their own due diligence on this exciting micro-cap
utilizing two of the hottest trends in the marketplace to
build out their Company.
Jeffrey Todd, CEO
Jeff Todd is the Managing Partner and President of SourcePro
Corporation, a Management Consulting and Executive Search
firm. SourcePro has clients in manufacturing including food
and beverage, technology, and entertainment industries. Mr.
Todd is a performance-minded executive with an expertise in
organizational development and continuous improvement
activities to scale organizations, create value, and manage
rapid change. He has a track record of success in helping
startups, high growth, and merger and acquisition situations
solve problems and lead profitable growth. Mr. Todd’s
background includes extensive experience in domestic and
international business development and marketing strategies.
His experience with A-level executives cuts across all
industries from Fortune 50 companies to top entertainment
companies.
Paul Taylor, Director
Over 20 years of high-performance sales experience in the
medical products field. Paul spent four extremely successful
years in developing and executing the launch of three new
consumer base products on the East Coast. He possesses an
in-depth knowledge of the New England Hospital market, calling
on physicians/surgeons, nursing, directors, purchasing agents,
Critical Care Areas, MIS, OR's, CEO's, CFO's.He is skilled at
sales presentations, in-services, supervision, and employee
training.His sales performance is noted for consistent
increases in sales, revitalization of neglected territories,
establishment of new business, and aggressive account defenses
in competitive markets. Paul is well
organized...Self-starting...Has h2 communication and
interpersonal skills...Challenge oriented...Assertive and
Results Oriented...B.S.B.A., Marketing emphasis...Formal Sales
Training.
Larry Lucas, Director
Mr. Lucas has over 35 years of executive sales/marketing
experience in US and Global Fortune 500 Companies. He has also
held senior executive positions with companies such as Bausch
& Lomb where he was instrumental in merging Jason and
Bushnell, while tripling sales from $46 million to over $126
million in 2 years. At Vivitar Corporation, Mr. Lucas handled
all P&L responsibility for sales and marketing, while
spearheading the reorganization of the company during 4
mergers and acquisitions. At Pentel of America, he developed a
new sales management and recruiting model that is now being
used in Japan. He was one of the first Sales Managers to
launch Ambassador Greeting Cards, a Division of Hallmark, into
Mass Retail, in the early 70’s. He was also instrumental in
launching California Scents, a small air freshener company, in
all major retailers in the US, culminating in making it a
leading air freshener company in the US/Canada, with annual
sales in excess of $35 million. Mr. Lucas serves on the board
of several consumer products companies, and is a member of
several national management and business associations. He has
a BS in Business Administration, Kansas State Teachers
College.
Gabe Martinez, Director
Gabriel Martinez is an attorney and partner in Las Vegas-based
law firm, Greenman, Goldberg, Raby and Martinez. He is a Las
Vegas local and received both a Business Administration and a
Law degree from Loyola Marymount University (cum laude) and is
licensed to practice in both California and Nevada. Mr.
Martinez has invested in real estate since 1986 and has formed
many LLC’s to syndicate land acquisitions and some
development.
Michael Klaiber, Sales Manager
Michael Klaiber has had a successful career in Sales
Management and Marketing. His primary business focus for over
twenty eight years, has been with consumer products using
various distribution channels of the retail trade including,
Grocery, Drug, Mass Merchandising and Hardware. Hugh has had
Sales Management responsibility for implementing Sales and
Marketing programs for both National and Regional products
including: Nirvana Spring Water, Food Enterprises Group,
Colgate Palmolive, and Snapple Beverages.
Jim Leung, Logistics and Operations
Jim Leung has successfully operated his own marketing company
for more than two decades. Specializing in marketing, private
franchising and personal business development. For the past 5
years, Mr. Leung has been overseeing the operations of the
promotions and logistics department of a multimillion dollar
beverage company. His positive attitude and people skills have
endeared him to his clients and business associates alike.
Jason Chan
Jason Chan, son of back-to-back World Series of Poker Champion
Johnny Chan, has actively been in the sales and marketing
fields for nearly 10 years working for companies like Sprint
Telecommunications, Sodexho USA, Marriott Hotels, the Golden
Nugget Hotel and Casino, and most recently Chan Poker. Mr.
Chan has special expertise in tapping new markets with fresh,
creative, and effective campaigns to ensure success. Having
grown up in poker, Chan also brings a unique insider’s
perspective on all things poker.
Rahim Lalani, Vice President, International
Sales and Marketing
Mr. Rahim Lalani has over 15 years experience working in the
food and beverage industry with leading corporate companies
such as Pepsi Bottling Group, Nestle, Rothmans Benson &
Hedges, and Diageo. Mr. Lalani has extensive experience and
knowledge in dealing with Sales / Channel Management,
Marketing and directing distribution points of the leading
National Accounts at the executive level including: Costco,
Save on Overwaitea Group, Safeway, HY Louie Group (London
Drugs, IGA), Real Canadian Superstore / Loblaw’s / Westfair
group as well as the major Gas Convenience Channel and Various
BC Liquor Stores. Working with International Portfolio of
brands such as Carnation, Nescafe, Nesquick, Nestea and Nestle
Breakfast Anytime while at Nestle, and Pepsi, 7 up, Mountain
Dew, Mug Root Beer, Lipton Brisk, Ocean Spray, Sobe energy
drinks, and Tropicana to name a few while at Pepsi as well as
Smirnoff Vodka, Crown Royal, Captain Morgan Rum, Baileys,
Gordon’s Dry Gin, Kilkenny Irish Cream Ale, Jose Cuervo
Tequila, Guinness, Johnnie Walker, Tanqueray, Silent Sam, Piat
Dor, BV and Sterling wines while at Diageo Rahim lead his team
to the number one position every spirit category in Western
Canada. Mr. Lalani possesses h2 budgeting, forecasting and
budgeting capabilities. Along with setting and achieving high
objectives as an individual Mr. Lalani has always led his team
members in exceeding several departmental targets. Mr.
Lalani's experience in dealing with and signing major sales
and merchandising contracts in addition to building h2
relationships and rapport with key buyers and senior
executives at major distribution channels in the beverage
sector serves to be an invaluable asset.
Contact
Head Office:
2505 Anthem Village,
Suite E-460,
Henderson, Nevada USA 89052
Investor Relations and Media Contacts:
Jim Leung, VP
Email:
jim@allinenergy.com
Telephone: 702.475.5748
Jeffrey Todd, CEO
Email:
jeff@allinenergy.com
Telephone: 702.505.9791
FORWARD LOOKING STATEMENTS
This report includes forward-looking
statements that reflect Kore Nutrition Inc. current
expectations about its future results, performance,
prospects and opportunities. Kore Nutrition Inc. has
tried to identify these forward-looking statements by using
words and phrases such as "may," "will," "expects,"
"anticipates," "believes," "intends," "estimates," "plan,"
"should," "typical," "preliminary," "we are confident" or
similar expressions. These forward-looking statements are
based on information currently available and are subject to
a number of risks, uncertainties and other factors that
could cause Kore Nutrition Inc.'s actual results,
performance, prospects or opportunities to differ materially
from those expressed in, or implied by, these
forward-looking statements. These risks, uncertainties and
other factors include, without limitation, the Company's
growth expectations and ongoing funding requirements, and
specifically, the Company's growth prospects with scalable
customers, and those outlined above. Other risks include the
Company's limited operating history, the Company's history
of operating losses, consumers' acceptance, the Company's
use of licensed technologies, risk of increased competition,
the potential need for additional financing, the terms and
conditions of any financing that is consummated, the limited
trading market for the Company's securities, the possible
volatility of the Company's stock price, the concentration
of ownership, and the potential fluctuation in the Company's
operating results.
Disclaimer
AllPennyStocks.com feature stock reports
are intended to be stock ideas, NOT recommendations. Please
do your own research before investing. It is crucial that
you at least look at current SEC filings and read the latest
press releases. Information contained in this report was
extracted from current documents filed with the SEC, the
company web site and other publicly available sources deemed
reliable. For more information see our disclaimer section, a
link of which can be found on our web site. This document
contains forward-looking statements, particularly as related
to the business plans of the Company, within the meaning of
Section 27A of the Securities Act of 1933 and Sections 21E
of the Securities Exchange Act of 1934, and are subject to
the safe harbor created by these sections. Actual results
may differ materially from the Company's expectations and
estimates. This is an advertisement for Kore Nutrition Inc. The purpose of this advertisement, like any
advertising, is to provide coverage and awareness for the
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indicating certain actions “may,” “could,” or “might” occur.
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