- 20 Trafalgar Square
- Suite 455
- Nashua, NH 03063
Minerco Resources, Inc. (OTC.BB: MINE), a progressive developer, producer and provider of worldwide commodities solutions, announced today that the company is adding a retail division to the company.
The new management team of the company, with the approval of the board of directors, has voted to expand the company's business model to include a progressive retail division. Based on the company's management experience and its existing presence in Central America, the company's first retail venture will be in the beverage industry, specializing in coffee and energy/vitamin drinks.
AS PER RECENT FILINGS
"Mr. Powers will be paid a salary of $84,000 per annum beginning on February 1, 2013. If revenues exceed $5 million, then Mr. Powers salary will be increased to $144,000 per annum. If revenues exceed $10 million, then Mr. Powers salary will be increased to $180,000 per annum. "
"On February 20, 2013, the Company issued 15,000,000 shares of its common stock to its Chief Executive Officer pursuant to an employment agreement dated February 1, 2013"
-The stock seems to be forming an ascending triangle pattern
-New CEO has been hired.
-CEO also owns 15 million shares. Another reason to see to a higher stock price.
-Company has a low float.