Topic: How To Invest

Hi Pat: Any thoughts on Montalvo Spirits? Thanks.

Article Excerpt

Montalvo Spirits Inc., $0.71, symbol TQLA on the U.S. over-the-counter bulletin board (Shares outstanding: 67.1 million; Market cap: $47.0 million; www.montalvospirits.com), aims to develop, market and distribute premium alcoholic beverages. Casa Montalvo Holdings was incorporated on April 4, 2011. On December 21, 2012, it took over a shell company, Advanced Cloud Storage, Inc., and changed its name to Montalvo Spirits. The company’s first product is Montalvo Tequila, which it launched in April 2012. Montalvo says its tequila is now available in California, Florida, New York and New Jersey. It expects to launch it in Oregon in July and Connecticut in August. Montalvo is also in talks to further expand its international distribution. It expects to announce additional wholesaler partnerships this summer. The company’s financial information is very limited so far, but from April 4, 2011, to December 31, 2013, it had just $25,471 of sales. It lost $1.4 million in that same period. The spirits industry is highly competitive and requires large…