1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

NIA.V - Nigara Ventures Corp.(Blu-Dot Beverages)

Discussion in 'Canadian Stocks' started by Theoilguy55, May 9, 2015.

  1. Theoilguy55

    Theoilguy55 New Member

    Joined:
    Aug 19, 2014
    Messages:
    115
    Likes Received:
    3
    New beverage company run by the CEO of Pepsi International. Research below:

    NIA.V Q2 Financial Results and MD&A Highlights. Ending February 28th 2015

    Price: $0.065
    Common Shares: 19,966,032
    Insider Holdings: 9,490,076 or 47.5%

    ASSETS
    Cash: $1,366,014 – $0.07c a share in cash
    Receivables: $113,789
    Interest Receivable: $3,023
    Prepaid Expenses: $49,333
    Inventory: $166,704
    Goodwill: $990,344
    Property: $4,067
    Total Assets: $2,693,274

    LIABILITIES
    Trade Payables: $193,773
    Loan Portion: $30,000
    Loan: $12,500
    Total Liabilities: $236,273

    Estimated retail locations that Blu-Dot is already selling in: 1500+ stores across the continent. (464 from the website list, 350 from Loblaws, 700 from the recent deal with VitaminShoppe). This is likely higher and could get to 2000 by summer. I spoke to management and the website is down for maintenance right now.


    The Blu-Dot transaction was completed on December 5th, 2014, pursuant to the terms and conditions of a share purchase agreement dated November 24, 2014 entered into between the Corporation and the shareholders of Blu-Dot. All required and relevant disclosures with respect to the closing of this Qualifying Transaction on December 5, 2014 have been filed and are available on SEDAR. With this transaction Niagara Ventures Corporation (NVC) has enabled its longer term strategy as a North American based consumer packaged goods company focused on healthy and better for you consumer beverage and food products. NVC believes that by acquiring and building a portfolio of on trend brands and products, that operational, brand and marketing synergies will enable investee companies the opportunity to grow smarter, faster, more profitably and, with the right risk profile.


    Blu-Dot derives its revenues from sales of its beverage products to distributors and to certain larger retail store customers that it sells directly to. In the fiscal quarter ended February 28,2015 the Blu-Dot revenues were $99,274. To date the majority of Blu-Dot revenues have been to distributors and retail customers in the Canadian market. Within the Canadian market the revenues have a high degree of seasonality with the peak selling months being primarily April through October and the weakest revenues generated in the colder winter months especially December, January and February. The Company has been developing programs and marketing initiatives which it plans to introduce to its distributors and customers to assist in reducing the impact of seasonality on its sales revenues in geographies with colder seasons.

    The Blu-Dot business now has listings with 5 Canadian regional distributors that focus on sales of the Blu-Dot product line to independent grocery and nutritional/health food stores in various regions of Canada. As well, Blu-Dot currently has developed direct relationships and listings with Loblaw’s, Longo’s and Sobeys in selected Canadian market segments.


    During the quarter Blu-Dot entered a contractual relationship with KeHE Distributors, a large national specialty food and beverage distributor in the US market. The initial sales orders with KeHE will occur in the next fiscal quarter.

    Blu-Dot’s revenue growth strategy for the next three years is focused on:

    i) gaining ever increasing sales velocity from each existing distributor and customer relationships via “same store” revenue increases from each store that the Blu-Dot product is sold in.

    ii) attracting new listings with additional new distributors and direct customers in Canada.

    iii) attracting new listings with additional new distributors and direct customers in the USA with a primary focus on the northeast US markets .

    Blu-Dot expects its revenues to grow significantly each quarter through the 2015 calendar year resulting from increasing revenues from existing relationships and new listings in both Canada and the USA from new distributors and new direct customers. The Blu-Dot business will monitor its performance in growing revenues in each of the three methods indicated above.


    Mr. Ronald Stuart McEachern, also known as Ron, has been the Chief Executive Officer of Niagara Ventures Corporation since December 5, 2014 and serves as its President. Mr. McEachern has been the President of PepsiCo International for Asia since 2003. Mr. McEachern is responsible for PepsiCo's lines of business including Frito-Lay and Quaker Foods products, soft drinks, Tropicana Juices and Gatorade in China, India and all of the Asia Pacific Rim countries. Mr. McEachernserved as Secretary of Niagara Ventures Corporation. He is a packaged goods and beverages industry expert. He has 23 year career at PepsiCo, where he led food and beverage operations in Canada, the US, Northern Europe and Asia. Until 2008, he served as the President of PepsiCo Asia and oversaw all aspects of the PepsiCo foods and beverages business for Asia including India, China, Japan, Australia and South Asia. He has been consulting with companies seeking to enter Asia. He was involved in the packaged goods industry with Procter and Gamble. He served at PepsiCo Asia from 1996 to 2008. He was an Independent Business Consultant. He served numerous PepsiCo assignments in North America and Europe including Senior Vice President for Canada and Central USA, President of Pepsi-Cola Beverages Canada and Region Vice President for Pepsi-Cola International in Western Europe. He joined PepsiCo in 1984. Mr. McEachern worked for Procter & Gamble Canada. He serves as a Director of Niagara Ventures Corporation. He serves as a Director of Pepsi-Lipton International, and Shanghai Pepsi-Cola Beverages Co. Ltd. in Mainland China. He served as a Director of Serm Suk Public Co. Ltd. (AKA Sermsuk Public Company Limited) until September 2011. He served as a Non-Executive Director of Pepsi-Cola Products Philippines Inc. He lectured on general management in China as an Adjunct Professor in a number of universities. Mr. McEachern holds an MBA in Finance and Marketing from York University in Toronto and a B.Sc in Biology from Queens University in Kingston, Ontario.
     
  2. Theoilguy55

    Theoilguy55 New Member

    Joined:
    Aug 19, 2014
    Messages:
    115
    Likes Received:
    3
    For Immediate Release May 22, 2015

    DISTRIBUTION AGREEMENT SIGNED WITH LARGE US BASED DISTRIBUTOR

    Niagara Ventures Corporation subsidiary Blu-Dot Beverages, creators of Blu-Dot Protein Tea, has announced a distribution partnership with KeHE Distributors, LLC, the second largest distributor of natural and gourmet food products.

    Distribution by KeHE will bring Blu-Dot Protein Tea onto shelves in large and medium-size retail stores in the North Eastern and Southern markets of the U.S. KeHE operates 12 warehouses throughout the U.S., Canada, Mexico, the Caribbean, and Central and South America, distributing over 38,400 SKUs in the natural food channel. Working with more than 3,500 manufacturers, importers, and other supply partners, KeHE has been a leading member of the natural and organic product community since 1972.

    “We are very excited to be working with KeHE as it will allow us to greatly expand the availability of Blu-Dot in the US,” said Kevin Stratton, CEO/Founder of Blu-Dot Beverages. “With the growing demand for Blu-Dot, it made sense for us to partner with a large well known distributor such as KeHE.” Blu Dot currently has distribution nationally in the United States through the Vitamin Shoppe. About Blu-Dot Beverages Blu-Dot Beverage Company is a fast growing provider of “better-for-you” beverages in support of a healthy lifestyle.

    Our unique lines of all-natural Protein Teas are already available across Canada and in some parts of the United States About Niagara Ventures Corporation Niagara Ventures Corporation is a North American consumer packaged goods company focused on healthy and/or better-for-you beverage and foods. Niagara believes that by acquiring and building a portfolio of on-trend brands, that operational and brand synergies will enable investee companies the opportunity to grow smarter, faster, more profitably, and with the right risk profile.

    About KeHE Distributors, LLC KeHE Distributors, LLC based in Naperville, IL, provides Natural & Organic, Specialty & Gourmet, International & Multicultural and Fresh products to over 30,000 retail outlets throughout North America. For more information about KeHE, visit www.kehe.com.

    FORWARD LOOKING STATEMENTS Except for statements of historical fact relating to the Corporation, certain information contained herein may constitute forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The reader is cautioned not to place undue reliance on any forward-looking statements. FOR FURTHER

    INFORMATION, PLEASE CONTACT: Scott Anderson, NVC Director: (647) 882 2645 or Scotta@catalystcan.ca Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this release.

    This news release can be found at www.sedar.com
     
  3. Theoilguy55

    Theoilguy55 New Member

    Joined:
    Aug 19, 2014
    Messages:
    115
    Likes Received:
    3
  4. Theoilguy55

    Theoilguy55 New Member

    Joined:
    Aug 19, 2014
    Messages:
    115
    Likes Received:
    3
    News: Niagara Ventures Announces Executive and Board Changes Date:



    June 22, 2015 Niagara Ventures announces Executive and Board changes as it continues its growth and advancement of its strategic vision In December 2014 Niagara Ventures Corporation (NVC) completed its Qualifying Transaction with the acquisition of Blu-Dot Beverages. NVC is now an operating business focused on growth and success in the healthy and/or better for you consumer beverage and food business. To strengthen its financial leadership, NVC today announces the appointment of John Ross as Chief Financial Officer (CFO), effective June 22nd 2015. Mr. Ross has extensive financial operational expertise as well as public company experience, particularly focused on emerging growth stage businesses. As CFO he will report to Ron McEachern (NVC’s CEO) and also be active in the key financial and operating activities for NVC’s subsidiary Blu-Dot working closely with the Blu-Dot CEO. John will succeed Scott Anderson who served as the NVC CFO during the non-operating stage of NVC as a CPC (Capital Pool Company). Mr. Anderson will remain as an active Director of NVC and will now become an independent member of the board. “John Ross is an accomplished executive with significant financial and operations expertise, including as a CFO, and will be an exceptional addition to our team. “said Ron McEachern, Director and NVC CEO. Jeffrey Mores has resigned as the Chair of the Audit Committee and is to be replaced by Scott Anderson. As well, NVC regrettably announces the resignation of Stacey Mowbray as an independent Director, effective June 22nd 2015. Ms. Mowbray resigned in order to focus her attention on her expanding role as President of Weight Watchers Canada and South America that requires extensive time commitments and travel. The NVC Board sincerely thanks Ms. Mowbray for her service and wishes her well in her future endeavours.



    About Niagara Ventures Corporation Niagara Ventures Corporation is a North American consumer packaged goods company focused on healthy and/or better-for-you beverage and foods. Niagara believes that by acquiring and building a portfolio of on-trend brands, that operational and brand synergies will enable investee companies the opportunity to grow smarter, faster, more profitably, and with the right risk profile. FORWARD LOOKING STATEMENTS Except for statements of historical fact relating to the Corporation, certain information contained herein may constitute forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The reader is cautioned not to place undue reliance on any forward-looking statements. FOR FURTHER INFORMATION, PLEASE CONTACT: Jeffrey Mores, NVC Director: 416.560.9139 or Jeff@jeffmores.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this release.
     
  5. Theoilguy55

    Theoilguy55 New Member

    Joined:
    Aug 19, 2014
    Messages:
    115
    Likes Received:
    3
    Blu-Dot now selling in Las Vegas at Vitacost. This store is also an international seller of goods, please see the links below:

    http://www.vitacost.com/blu-dot-protein-white-tea-apple-pear-16-fl-oz

    http://www.vitacost.com/company

    Original site I found vitacost from: http://www.polyvore.com/grays_world/set?id=171316937&p=4

    http://www.polyvore.com/blu_dot_pro...71316937&context_type=collection&id=142895187


    Keep in mind that year end results will be out next week and Q4 was when most of the US based deals were done. We'll need to wait for Q1 to see what kind of impact the partnership with KeHe has had on sales.
     
  6. Theoilguy55

    Theoilguy55 New Member

    Joined:
    Aug 19, 2014
    Messages:
    115
    Likes Received:
    3
    Press Release – FOR IMMEDIATE RELEASE Contact: Jeffrey Mores, Phone: (416)560‐9139 Email: jeff@jeffmores.comAugust 10, 2015 TSX‐V: NVC Niagara Ventures Corporation Announces Blu‐Dot Executive Appointment Niagara Ventures Corporation (TSX VENTURE: NVC) subsidiary Blu‐Dot Beverage Company Inc., creators of Blu‐Dot Protein Tea announces the appointment of Mr. Jeffrey Mores to the role of General Manager of Blu‐ Dot, effective August 10, 2015. In the role of General Manger, Mr. Mores will report to Mr. Ron McEachren CEO of NVC and will be responsible for all of the day‐to‐day operations of Blu‐Dot including all Sales, Marketing and Production functions. He will continue the key strategic focus on driving volume growth of Blu‐Dot Protein Teas through our key customers and distribution partners, and enhancing the Blu‐Dot Protein Tea brand across multiple platforms including in store, social media and events. As a founding director of NVC, Mr. Mores has been actively involved in all aspects of the Blu‐Dot acquisition and oversight, and has deep knowledge and understating of the operational and sales strategies of the business. Jeff has a track record of successful private businesses in financial services and consulting. Kevin Stratton has decided to step down effective immediately as President and CEO of Blu‐Dot to pursue other interests, however Mr. Stratton has agreed to remain under contract as an advisor to the business until the end of the calendar year. As the founder of Blu‐Dot, Mr. Stratton envisioned a marketplace for Functional RTD Tea beverages and successfully developed, launched and grew the business into a new burgeoning market vertical. Blu‐Dot would like to thank Mr. Stratton for all of his commitment and dedication to the business over the last three years and we look forward to his continued involvement and support.
     
  7. Theoilguy55

    Theoilguy55 New Member

    Joined:
    Aug 19, 2014
    Messages:
    115
    Likes Received:
    3
  8. Theoilguy55

    Theoilguy55 New Member

    Joined:
    Aug 19, 2014
    Messages:
    115
    Likes Received:
    3
    Here are some of the websites that are selling Blu-Dot Protein Tea right now:

    http://www.vitahealthstores.ca/wp-content/uploads/41945-Vita-Health-Flyer-JUNE-2015-v10-Final.pdf

    https://shop.loblaws.ca/Food/Drinks...r/plp/LSL001006009005?filters=&sort=title-asc

    http://www.londondrugs.com/Blu-Dot-...1=brandDescription&prefv1=BLU-DOT PROTEIN TEA

    http://www.vitacost.com/blu-dot-protein-green-tea-blueberry-acai

    http://goodnessme.ca/food-drink/beverages/tea?brand=68

    http://livenaturally.kingsoopers.com/p/859046001027/blu-dot-protein-green-tea-cranberry

    https://well.ca/products/blu-dot-al...PGOaHnWsHD_TQUs6MLRzrBQCcDDGQauVXsaAk188P8HAQ

    http://www.vitaminshoppe.com/p/blue...acai-green-tea-4-bottles/bdb1002#.VdiJ0flVhBc

    All these were added within the last year. Blu-Dot had over 1,400 locations prior to the Loblaws deal last August and since the they added London Drugs, several smaller Canadian independents, and then a whole whack of US retailers with the help of KeHe, the second largest distributor in the USA. There should be at least 2,500 locations across the continent selling Blu-Dot, or else if not in store, the online presence is very strong. There are many review sites that also display the product, but I did not include them.

    http://www.bloomberg.com/Research/stocks/private/snapshot.asp?privcapid=4240831

    Blu-Dot Beverages Announces Distribution Partnership with KeHE Distributors, LLC
    May 22 15
    Niagara Ventures Corporation subsidiary Blu-Dot Beverages has announced a distribution partnership with KeHE Distributors, LLC. Distribution by KeHE will bring Blu-Dot Protein Tea onto shelves in large and medium-size retail stores in the North Eastern and Southern markets of the U.S.
     
  9. Theoilguy55

    Theoilguy55 New Member

    Joined:
    Aug 19, 2014
    Messages:
    115
    Likes Received:
    3
    NIA.V Year End Results (Ending May 31st 2015)

    Before reading, take into account that the major US distribution deal with KeHe did not happen until the end of this quarter, along with other distribution deals such as London Drugs and several other companies. The loss looks larger because several one-time costs were incurred when NIA took over Blu-Dot. There was also no revenue for several months since the transaction did not close until December. First quarter results will be out end of October 2015 and second quarter end of December 2015 which will give shareholders a better indication as to where the company is at with its US sales.

    Price: $0.04
    Common Shares: 19,966,032
    Options: 1,080,800 exercisable at 10c
    Total: 21,046,032
    Insider Holdings: 64% as per the Audited MD&A

    Financials

    ASSETS
    Cash: $ 1,120,987 – 5.6c a share in cash
    Receivables: $ 82,196
    Interest: $ 5,462
    Prepaid Expenses: $ 47,319
    Inventory: $ 141,493
    Property & Equipment: $ 4,950
    Unallocated purchase price: $ 990,344
    Total Assets: $ 2,392,751

    LIABILITIES
    Trade payables: $ 130,560
    Loan: $40,000
    Total Liabilities: $170,560

    Sales Revenue: $ 162,529(only several months)
    Direct Cost of goods: $ 102,983
    Shipping Cost: $ 21,979
    Gross Profit: $ 37,567

    Sales and Marketing: $ 250,435
    Operating Costs: $ 191,686
    Public Corporation Costs: $ 70,222
    Transaction Cost: $ 109,496 (one-time expense)
    Interest Income: $(22,220)
    Net loss for year: $564,052

    MD&A Highlights

    Following completion of the Transaction the pre-transaction holders of the Corporation’s common shares hold approximately 64% of the outstanding shares of the resulting issuer and the holders of Blu-Dot Shares hold approximately 36% of the outstanding shares of the resulting issuer.

    To date the majority of Blu-Dot revenues have been to distributors and retail customers in the Canadian market. Within the Canadian market the revenues have a high degree of seasonality with the peak selling months being primarily April through October and the weakest revenues generated in the colder winter months especially December, January and February. The Company has been developing programs and marketing initiatives which it plans to introduce to its distributors and customers to assist in reducing the impact of seasonality on its sales revenues in geographies with colder seasons.

    The Blu-Dot business now has listings with 5 Canadian regional distributors that focus on sales of the Blu-Dot product line to independent grocery and nutritional/health food stores in various regions of Canada. As well, Blu-Dot currently has developed direct relationships and listings with Loblaw’s, Longo’s and Sobeys in 3 selected Canadian market segments.

    Blu-Dot in the latter half of 2014 has readied for entry into the US market. The longer term US market potential is much more significant in size than the Canadian market and will also have the benefit of:
    a) less seasonality in the regions with milder/warmer winter seasons and
    b) enhanced gross profit margins from the positive impact of the US and Canadian dollar exchange rate differential.

    The Blu-Dot business has successfully initiated and achieved its first listing with one US based direct customer, The Vitamin Shoppe (a specialty national health food retailer) where the initial stocking order was sold and shipped prior to the acquisition by NVC. Ongoing re-orders from this customer are expected in future quarters.

    During the quarter Blu-Dot entered a contractual relationship with KeHE Distributors, a large national specialty food and beverage distributor in the US market. Blu-Dot’s revenue growth strategy for the next three years is focused on:
    i) gaining ever increasing sales velocity from each existing distributor and customer relationships via “same store” revenue increases from each store that the Blu-Dot product is sold in.
    ii) attracting new listings with additional new distributors and direct customers in Canada.
    iii) attracting new listings with additional new distributors and direct customers in the USA with a primary focus on the northeast US markets.
    Blu-Dot expects its revenues to grow each quarter through the 2015 calendar year resulting from increasing revenues from existing relationships and new listings in both Canada and the USA from new distributors and new direct customers. The Blu-Dot business will monitor its performance in growing revenues in each of the three methods indicated above.

    The Corporation’s net loss increased in 2015 as a result of the startup nature of the Blu-Dot acquisition. Additional sales and marketing costs of $250,435, other operating costs of $216,686, and one time transaction costs of $109,496 were incurred in 2015 related to the Blu-Dot acquisition and operation in fiscal 2015, creating most of the increased loss. These expenses combined with loan repayments of $189,408, inventory increases of $38,275 and payables reductions of $95,057 in fiscal 2015 created most of the decrease in cash in the 2015 fiscal year. Revenues were slightly below projections due to operational issues which the Corporation believes will not recur.

    Currently, according to its strategic plan the business is incurring sales and marketing costs that are significantly greater than the gross margin it achieves from its current revenues. The expectation is that, as revenues grow through calendar 2015 and beyond, the sales and marketing expenditures will reduce as a percentage of revenues and of gross margins each quarter. The total sales and marketing costs for the six month period after acquisition in fiscal 2015 was $250,435.

    As of May 31, 2015, the Corporation had cash and cash equivalents of $1,120,987 including $774,185 in guaranteed investment certificates with a major Canadian bank. Other current assets were $276,470 and net working capital was $1,236,897. The Corporation had a net cash usage from operating activities of $740,820 in fiscal 2015. Most of the cash was used to reduce Blu-Dot obligations and to finance the operating startup of Blu-Dot.

    Ron McEachern
    CEO and Corporate Secretary
    Email: ron.mceachern12@gmail.com
     
  10. Theoilguy55

    Theoilguy55 New Member

    Joined:
    Aug 19, 2014
    Messages:
    115
    Likes Received:
    3
    News: NIA Grants options to Director


    October 13, 2015 TSX-V: NVC Niagara Ventures Corporation Announces Grant of Stock Options (TSX VENTURE: NVC) (the "Company") has granted common stock options to Jeffery Mores, to acquire an aggregate of 75,000 common shares of the Company. This award recognizes the efforts made by Mr. Mores since being appointed to the General Manager position on August 10, 2015. These 75,000 Options all have an exercise price of $0.05 per share, have a term of eight years, will vest over a period of three years and are otherwise subject to the terms of the Option Plan. About Niagara Ventures Corporation Niagara Ventures Corporation’s (NVC) long term strategy is to become a North American based consumer packaged goods company, focused on healthy and better for you consumer beverage and food products. NVC believes that by acquiring and building a portfolio of on trend brands and products, that operational, brand and marketing synergies will enable investee companies the opportunity to grow smarter, faster, more profitably and, with the right risk profile. To enable this strategy NVC has put together a Board of Directors and Management team with extensive beverage and packaged food business experience combined with expertise for successfully funding and growing emerging growth businesses organically and via acquisitions. NVC’s first acquisition, Blu-Dot, is a Canadian Corporation based in Oakville, Ontario. Blu-Dot is in the business of providing refreshing, tea based, all natural and organic beverages with protein and fibre content to customers for everyday use in support of a healthy lifestyle without compromising taste or quality. FOR FURTHER INFORMATION, PLEASE CONTACT: Jeffrey Mores, Phone: (416)5609139 Email: jeff@jeffmores.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this release.
     
  11. Theoilguy55

    Theoilguy55 New Member

    Joined:
    Aug 19, 2014
    Messages:
    115
    Likes Received:
    3
    NIA.V Q1 2015 Results (Ending August 31st 2015)

    Price: $0.04
    Common Shares: 19,966,032
    Insider Holdings: 64% as stated in the MD&A

    Financials

    ASSETS
    Cash: $963,021
    Accounts Receivable: $191,010
    Interest Receivable: $7,922
    Prepaid Expenses: $31,858
    Inventory: $177,409
    Property & Equipment: $4,175
    Unallocated Purchase Price: $990,344
    Total Assets: $2,365,730

    LIABILITIES
    Trade Payables: $193,590
    Loan: $35,000
    Total Liabilities: 228,590

    Sales figures below. Revenue from Q1 was significantly higher than the first two quarters of NIA.V having Blu-Dot, and the loss was more than 50% less. This means that sales are increasing, costs are decreasing, and the company will inevitably break into a profit position in the near future. Keep in mind that many one time costs occurred last year.

    (Chart at bottom of Page 3 in MD&A)

    Quarter Date Revenue Net Profit(Loss)
    Q1 Aug.31, 2015 $159,299 ($89,415)
    Q4 May.31, 2015 $64,900 ($232,589)
    Q3 Feb.28, 2015 $103,467 ($299,958)
    Q2 Nov.30, 2014 $8,088 ($27K)( prior to acquiring Blu-Dot)


    MD&A Highlights

    The Blu-Dot business now has listings with six Canadian regional distributors that focus on sales of the BluDot product line to independent grocery and nutritional/health food stores in various regions of Canada. As well, Blu-Dot currently has developed direct relationships and listings with Loblaw’s, Longo’s and Sobeys in 3 selected Canadian market segments.

    The Corporation’s net loss increased in 2015 as a result of the startup nature of the Blu-Dot acquisition. Sales of $159,299 in the quarter increased from Sales of $64,900 in the previous quarter primarily from existing customer relationships, benefiting from marketing programs and from the summer seasonally warmer weather in Canada. Although gross margins were negatively affected by some of the operating changes in the quarter, they are expected to improve longer term. Sales and marketing costs of $45,913 were reduced from $99,090 in the previous quarter. Operating costs of $50,113 were reduced from the previous quarter ($143,101) with lower legals and salaries in the August 2015 quarter. Public corporation costs are within expectations and include such items as transfer agent fees, listing fees, audit fees and legal fees. These expenses combined with inventory and accounts receivable increases, created most of the decrease in cash in the period.

    Based on its overall strategic plan, NVC expects to expand its overall business by; the successful organic growth of each of its underlying brands and product lines as well as; acquiring (or investing in) additional brands and product lines, all within the healthy better for you beverage and foods consumer packaged goods sector. As such, as a significant component of its overall corporate strategy, NVC has established a strategic plan and process with the objective of identifying, soliciting, evaluating and closing additional future acquisitions that meet NVC’S objectives and criteria. The Blu-Dot acquisition was the first acquisition as part of this long term plan. NVC is currently and will continue to develop a pipeline of potential suitable acquisition/investment targets. The goal is to be in a position to move forward with the next acquisition within the next 12 to 18 months based on a number of criteria and milestones.

    Blu-Dot has also entered a contractual relationship with KeHE Distributors, a large national specialty food and beverage distributor in the US market. Via KeHE, Bu-Dot is now selling to HEB and United Stores.

    Blu-Dot’s revenue growth strategy for the next three years is focused on:


    i) gaining ever increasing sales velocity from each existing distributor and customer relationships via “same store” revenue increases from each store that the Blu-Dot product is sold in.
    ii) attracting new listings with additional new distributors and direct customers in Canada.

    iii) attracting new listings with additional new distributors and direct customers in the USA with a primary focus on the northeast US markets. Blu-Dot expects its revenues to grow through the 2015 calendar year resulting from increasing revenues from existing relationships and new listings in both Canada and the USA from new distributors and new direct customers. The Blu-Dot business will monitor its performance in growing revenues in each of the three methods indicated above.

    The Corporation issued 7,162,500 common shares from treasury based to acquire all of the issued and outstanding common shares of Blu-Dot (“Blu-Dot Shares”). The shares were valued at of $716,250, being $0.10 per share. The Blu-Dot shareholders have an opportunity to receive up to 2,363,460 additional common shares, based on the achievement of specific revenue and gross profit targets for the Blu-Dot business by December 31, 2015. At this time, the Company believes that these revenue and gross profit goals are not attainable. However, a complete accounting for this contingent consideration will not be completed until after December 31, 2015, when 2 the failure of reaching these targets is confirmed. Following completion of the Transaction the pre-transaction holders of the Corporation’s common shares hold approximately 64% of the outstanding shares of the resulting issuer and the holders of Blu-Dot Shares hold approximately 36% of the outstanding shares of the resulting issuer.

    Blu-Dot in the latter half of 2014 readied for entry into the US market. The longer term US market potential is much more significant in size than the Canadian market and will also have the benefit of: a) less seasonality in the regions with milder/warmer winter seasons and b) enhanced gross profit margins from the positive impact of the US and Canadian dollar exchange rate differential. The Blu-Dot business has successfully initiated and achieved its first listing with one US based direct customer, The Vitamin Shoppe (a specialty national health food retailer) where the initial stocking order was sold and shipped prior to the acquisition by NVC. Ongoing re-orders from this customer are expected in future quarters.
     
  12. Theoilguy55

    Theoilguy55 New Member

    Joined:
    Aug 19, 2014
    Messages:
    115
    Likes Received:
    3
  13. Theoilguy55

    Theoilguy55 New Member

    Joined:
    Aug 19, 2014
    Messages:
    115
    Likes Received:
    3
    NIA.V Annual General Meeting Information Highlights

    My Summary:
    - Insiders still own a major portion of the company and have been acquiring shares recently
    - No payment has been given to directors, they want to see the company profitable first
    - Some options were given as payment at higher prices. These help add funds to the company

    Director - Common Shares Held - Percentage

    Kevin Stratton 4,442,890 22.3%

    Larry Phillips 437,500 2.2%

    Scott Anderson 1,110,780 5.6%

    Jeffrey Mores 375,000 1.9%

    Ron McEachern 555,555 2.8%

    Scot Martin 625,000 3.1%

    Insiders own just unde 38% of the common stock.

    **NOTE** the percentage on SEDI used to show closer to 50%, this was due to some Blu-Dot private shares not being converted over into Niagara Venture(NIA.V) shares. The conversion happened when Niagara Ventures acquired Blu-Dot in December 2014. Ron Mchearn shows an initial position of 2.4 million shares, but this was reduced to 555,555 when the conversion was completed.

    Director Backgrounds

    Ron McEachern - Mr. McEachern is a packaged goods and beverages industry expert. During a 23 year career at PepsiCo, Mr. McEachern led food and beverage operations in Canada, the US, Northern Europe and Asia. At the time of his retirement in 2008, Mr. McEachern was the President of PepsiCo Asia, overseeing all aspects of the PepsiCo foods and beverages business for Asia including India, China, Japan, Australia and South Asia. Since retiring from PepsiCo, Mr. McEachern has been consulting with companies seeking to enter Asia and lecturing on general management in China as an Adjunct Professor in a number of universities. Prior to joining Pepsico, Mr. McEachern was involved in the packaged goods industry with Procter and Gamble.

    Larry Phillips - Mr. Phillips is the President of Corplex Management Services, providing corporate advisory services and directorship to public and private companies. Mr. Phillips was a founder of Iamgold Corporation in 1990 and served as an executive officer of the company until his retirement as Executive Vice President, Corporate Affairs in June 2011

    Scott Anderson - Mr. Anderson is the President of The Catalyst Company (since 1998), which provides board, management and investment advisory services to emerging growth businesses. Previously, he was the President and COO of the Rider Travel Group, a travel services business.

    Jeffrey Mores - Mr. Mores has considerable financial and operational expertise working with small- and medium-size business. He has been the General Manager of Blu-Dot since June 2015 and was the Founding Principal of Mores & Company Inc., a boutique Canadian estate planning and life insurance firm. Mores & Co. is primarily focused on the successful transition of private family enterprises, either to the next generation or new owners entirely.

    Scot Martin - Mr. Martin is the co-owner, Chairman and Co-CEO of youRhere Inc., a leader in the interactive segment of Canada’s digital signage industry. Prior to joining youRhere Inc., Mr. Martin spent 30 years as a corporate and investment banking professional, holding a number of senior positions in the industry, including: Managing Director and Head of Investment Banking at Scotia Capital Markets; Deputy Chairman and CoHead, Canadian Relationship Management at Scotia Capital; Vice-Chairman, Corporate and Investment Banking at National Bank Financial; and Partner at Blair Franklin Capital Partners.

    Compensation Discussion and Analysis (page 11)

    During the financial year ended May 31, 2015, the Corporation did not pay any kind of remuneration, including salaries, consulting fees, management fees or directors’ fees, except the granting of Options

    NOTICE IS HEREBY GIVEN that an annual and special meeting of the shareholders of Niagara Ventures

    Corporation (the “Corporation”) will be held at the offices of Wildeboer Dellelce LLP, 365 Bay Street, Suite 800, Toronto, Ontario, M5H 2V1 on Monday, January 11, 2016 at 10:00 a.m. (Toronto time) (the “Meeting”), for the following purposes:

    1. TO RECEIVE the annual financial statements of the Corporation for the fiscal year ended May 31, 2015, together with the auditors’ report thereon;

    2. TO ELECT the directors of the Corporation to serve from the close of the Meeting until the close of the next annual meeting of shareholders of the Corporation or until their successors are elected or appointed;

    3. TO APPOINT the auditors of the Corporation and authorize the directors to fix their remuneration;

    4. TO CONSIDER and, if thought advisable, to pass an ordinary resolution re-approving and confirming the stock option plan of the Corporation (the “Option Plan”), including the reservation for issuance under the Option Plan at any time of a maximum of 10% of the issued and outstanding shares of the Corporation, in accordance with the policies of the TSX Venture Exchange; and

    5. TO TRANSACT such other business as may properly come before the Meeting or any adjournment thereof.
     
  14. Theoilguy55

    Theoilguy55 New Member

    Joined:
    Aug 19, 2014
    Messages:
    115
    Likes Received:
    3
    January 2016 article on Blu-Dot Protein Tea

    http://www.iff.com/~/media/Files/I/IFF/documents/January 2016 ottens.pdf

    Blu-Dot is one of the brands that offer an all-natural healthy tea drink, that contains protein, fiber and antioxidants. Their beverage has been made with whey protein and is naturally sweetened. Blu-Dot Protein Tea, is the “First ever refreshing protein drink in a [clear] tea base!” Innovations like Blu-Dot, that feature a high protein content and highlight the natural source of its protein, are typically positioned as workout drinks. Not only can tea be energizing, but it is also seen as a calming beverage, when consumers want to take a minute to slow down. According to the Mintel trend, ‘Slow it All Down’, today’s urban consumers want to switch off from their hectic, fast-paced lifestyles, and are looking for products that can help them wind down.

    About the company that wrote this article:

    http://www.iff.com/company/who-we-are

    IFF is a leading innovator of sensorial experiences that move the world. At the heart of our company, we are fueled by a sense of discovery, constantly asking “what if?” That passion for exploration drives us to co-create unique scents and tastes for fine fragrances and beauty, detergents and household goods, and well-loved foods and beverages. Our 6,800 team members globally take advantage of leading consumer insights, research and development, creative expertise, and customer intimacy to develop products that cut through to customers. Our purpose is simple: We are the catalyst for discoveries that spark the senses and transform the everyday.
     
  15. Theoilguy55

    Theoilguy55 New Member

    Joined:
    Aug 19, 2014
    Messages:
    115
    Likes Received:
    3
    NIA Quarterly Results Ending November 30th 2015

    Cash decreased by $200,000 and at the same time Liabilities dropped by $100,000 compared to last quarter and inventory, prepaid expenses increased.

    Financial Results

    Assets
    Cash: $722,010 - $0.036c a share in cash
    Accounts Receivable: $183,544
    Prepaid Expenses: $42,596
    Inventory: $203,203
    Property: $3,400
    Unallocated purchase price: $990,344
    Total Assets: $2,145,097

    Liabilities
    Payables: $93,465
    Loan: $31,250
    Total Liabilities: $124,715

    MD&A Highlights

    Results of Operations For the Three Months Ended November 30, 2015

    As of November 30,, 2015, the Corporation had cash and cash equivalents of $722,010 including $650,000 in a business investment bank account with a major Canadian bank. Other current assets were $429,343 and net working capital was $1,042,888.

    The Corporation’s net loss increased in 2015 as a result of the startup nature of the Blu-Dot acquisition. Sales of $98,059 in the quarter decreased from Sales of $159,299 in the previous quarter. Sales decreased as the weather cooled. Also, the previous quarter was buoyed by marketing programs and from the summer seasonally warmer weather in Canada. Like the previous quarter, gross margins were negatively affected by some of the operating changes. Margins will benefit from these changes in the longer term.

    Sales and marketing costs of $43,636 were unchanged from $45,913 in the previous quarter. Operating costs of $75,390 increased as compared to those in the previous quarter ($50,113) due to the addition of a General Manager. Public corporation costs are within expectations and include such items as transfer agent fees, listing fees, audit fees and legal fees. Public corporation costs in the November 2014 quarter reflected costs related to the qualifying transaction while costs in the 2015 quarter reflected ongoing reporting obligations of an operating company. These expenses combined with inventory and accounts receivable increases, created most of the decrease in cash in the period.

    Blu-Dot expends sales and marketing costs with two objectives; i) to identify, promote and close listings with new distributor and direct customer relationships that meet the company’s criteria, and ii) to drive consumer trial, demand and purchase of the Blu-Dot products from the store shelves where Blu-Dot has been listed. All costs and expenditures that are directly related to these revenue growth objectives are classified as sales and marketing costs.

    Blu-Dot’s revenue growth strategy for the next three years is focused on:

    1)gaining ever increasing sales velocity from each existing distributor and customer relationships via “same store” revenue increases from each store that the Blu-Dot product is sold in.
    2) attracting new listings with additional new distributors and direct customers in Canada.
    3) attracting new listings with additional new distributors and direct customers in the USA with a primary focus on the northeast US markets.

    Blu-Dot expects its revenues to grow through the 2016 calendar year resulting from increasing revenues from existing relationships and new listings in both Canada and the USA from new distributors and new direct customers. The Blu-Dot business will monitor its performance in growing revenues in each of the three methods indicated above.

    Potential New Acquisitions

    Based on its overall strategic plan, NVC expects to expand its overall business by; the successful organic growth of each of its underlying brands and product lines as well as; acquiring (or investing in) additional brands and product lines, all within the healthy better for you beverage and foods consumer packaged goods sector. As such, as a significant component of its overall corporate strategy, NVC has established a strategic plan and process with the objective of identifying, soliciting, evaluating and closing additional future acquisitions that meet NVC’S objectives and criteria. The Blu-Dot acquisition was the first acquisition as part of this long term plan. NVC is currently and will continue to develop a pipeline of potential suitable acquisition/investment targets. The goal is to be in a position to move forward with the next acquisition within the next 12 to 18 months based on a number of criteria and milestones.
     
  16. Theoilguy55

    Theoilguy55 New Member

    Joined:
    Aug 19, 2014
    Messages:
    115
    Likes Received:
    3
    iling
    Date Transaction
    Date Insider Name Ownership
    Type Securities Nature of transaction # or value acquired or disposed of Price Feb 10/16 Feb 10/16 McEachern, Ronald Direct Ownership Common Shares 10 - Acquisition in the public market 88,000 $0.060
    Feb 10/16 Feb 9/16 McEachern, Ronald Direct Ownership Common Shares 10 - Acquisition in the public market 1,000 $0.060
    Feb 9/16 Feb 9/16 McEachern, Ronald Direct Ownership Common Shares 10 - Acquisition in the public market 35,000 $0.060
    Feb 9/16 Feb 9/16 McEachern, Ronald Direct Ownership Common Shares 10 - Acquisition in the public market 11,000 $0.060
    Feb 9/16 Feb 9/16 McEachern, Ronald Direct Ownership Common Shares 10 - Acquisition in the public market 14,000 $0.060
    Feb 9/16 Feb 8/16 Mores, Jeffrey John Direct Ownership Options 50 - Grant of options 150,000 $0.060
    Feb 8/16 Feb 8/16 McEachern, Ronald Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.060
    Feb 8/16 Feb 5/16 McEachern, Ronald Direct Ownership Common Shares 10 - Acquisition in the public market 14,000 $0.050
    Dec 21/15 Dec 18/15 Anderson, Scott Cameron Direct Ownership Common Shares 10 - Acquisition in the public market 71,000 $0.045
    Nov 20/15 Nov 19/15 Anderson, Scott Cameron Indirect Ownership Common Shares 10 - Acquisition in the public market 66,000 $0.045
    Nov 17/15 Nov 13/15 Anderson, Scott Cameron Direct Ownership Common Shares 10 - Acquisition in the public market 59,000 $0.040
    Oct 15/15 Oct 8/15 Mores, Jeffrey John Direct Ownership Options 50 - Grant of options 75,000 $0.050 - See more at: https://www.insidertracking.com/com...iagara Ventures#sthash.IbB6Ercv.D4BZtkDy.dpuf
     
  17. Theoilguy55

    Theoilguy55 New Member

    Joined:
    Aug 19, 2014
    Messages:
    115
    Likes Received:
    3
  18. Theoilguy55

    Theoilguy55 New Member

    Joined:
    Aug 19, 2014
    Messages:
    115
    Likes Received:
    3
    NIA's CEO added over 3 million shares or 15% this month. See news and insider holdings below:

    Sedi now shows that insiders and major shareholders own 11,255,036 out of 19,966,032 which is 56.4% of the common shares.

    Insider buying can be seen here: https://www.canadianinsider.com/company?menu_tickersearch=NIA | Niagara Ventures

    Also, a news release came out yesterday with regards to options for the directors but was not put through the news wire:

    News: NIA Grants options to Directors February 18, 2016 TSX-V: NVC Niagara Ventures Corporation Announces Grant of Stock Options (TSX VENTURE: NVC) (the "Company") has granted common stock options to the Board of Directors, to acquire an aggregate of 550,000 common shares of the Company. This award recognizes the efforts made by the Board over the previous year. These 550,000 Options all have an exercise price of $0.06 per share, have a term of eight years, will vest over a period of three years and are otherwise subject to the terms of the Option Plan. The 550,000 options are granted as follows:

    Director Option Grant

    Ron McEachern 250,000

    Scott Anderson 150,000

    Larry Phillips 50,000

    Scot Martin 50,000

    Jeffrey Mores 50,000

    About Niagara Ventures Corporation: Niagara Ventures Corporation’s (NVC) long term strategy is to become a North American based consumer packaged goods company, focused on healthy and better for you consumer beverage and food products. NVC believes that by acquiring and building a portfolio of on trend brands and products, that operational, brand and marketing synergies will enable investee companies the opportunity to grow smarter, faster, more profitably and, with the right risk profile. To enable this strategy NVC has put together a Board of Directors and Management team with extensive beverage and packaged food business experience combined with expertise for successfully funding and growing emerging growth businesses organically and via acquisitions. NVC’s first acquisition, Blu-Dot, is a Canadian Corporation based in Oakville, Ontario. Blu-Dot is in the business of providing refreshing, tea based, all natural and organic beverages with protein and fibre content to customers for everyday use in support of a healthy lifestyle without compromising taste or quality.

    FOR FURTHER INFORMATION, PLEASE CONTACT: Ron McEachern, CEO, Email: ron@peakdrive.ca Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this release.
     
  19. Theoilguy55

    Theoilguy55 New Member

    Joined:
    Aug 19, 2014
    Messages:
    115
    Likes Received:
    3
    Niagara investor McEachern acquires 2.93 M shares
    2016-02-19 10:40 MT - News Release

    Mr. Ronald McEachern, investor, reports

    ACQUISITION OF COMMON SHARES OF NIAGARA VENTURES CORPORATION BY RONALD MCEACHERN

    On Feb. 18, 2016, Ronald McEachern acquired, through One St. Thomas Holdings Inc. (a holding company controlled by Mr. McEachern), ownership and control of 2,934,311 common shares of Niagara Ventures Corp. The acquired shares represent 14.7 per cent of the issued and outstanding common shares of the issuer.

    Immediately following the acquisition of the acquired shares, the offeror (inclusive of One St. Thomas Holdings) owns and controls 3,731,866 common shares of the issuer, representing 18.7 per cent of the issued and outstanding common shares of the issuer (or 4,171,866 common shares of the issuer, representing 20.4 per cent of the issued and outstanding common shares of the issuer, assuming the exercise of all options held by the offeror).

    The acquired shares were acquired by way of private agreement, and the offeror paid a total of $146,715.55 for the acquired shares (five cents per acquired share).

    The offeror acquired the acquired shares for investment purposes only. The offeror may, in the future, take such actions in respect of his holdings as deemed appropriate in light of the circumstances then existing, including the purchase of additional common shares or other securities of the issuer through open-market purchases or privately negotiated transactions, or the sale of all or a portion of his holdings in the open market or in privately negotiated transactions to one or more purchasers.

    This press release is issued pursuant to National Instrument 62-103, the Early Warning System and Related Takeover Bid and Insider Reporting Issues, which also requires a report to be filed with regulatory authorities in each of the jurisdictions in which the issuer is a reporting issuer containing additional information with respect to the foregoing matters. A copy of the early warning report will be filed under the SEDAR profile of the issuer.

    A copy of the early warning report may also be obtained by contacting Mr. McEachern at 416-669-1016.

    © 2016 Canjex Publishing Ltd. All rights reserved.

    Another news release today:


    The following information is filed pursuant to the provisions listed above under applicable securities legislation: 1. Name and Address of Offeror: Scott Anderson c/o Wildeboer Dellelce LLP 365 Bay Street, Suite 800 Toronto, Ontario, M5H 2V1 2. The designation and number or principal amount of securities and the offeror’s securityholding percentage in the class of securities of which the offeror acquired ownership or control in the transaction or occurrence giving rise to the obligation to file the news release, and whether it was ownership or control that was acquired in those circumstances: On February 18, 2016: (i) Offeror acquired ownership and control of 620,000 common shares of Niagara Ventures Corporation (the “Issuer”), at a price of $0.05 per share, by way of private agreement; and (ii) the spouse of the Offeror, Catherine Brenner, acquired ownership and control of 888,579 common shares of the Issuer, at a price of $0.05 per share, by way of private agreement. In total, the Offeror and Ms. Brenner acquired 1,508,579 common shares of the Issuer (the “Acquired Shares”), representing 7.6% of the issued and outstanding common shares of the Issuer. 3. The designation and number or principal amount of securities and the offeror’s securityholding percentage in the class of securities immediately after the transaction or occurrence giving rise to the obligation to file the news release: Immediately after the transaction referred to in item 2 above, the Offeror (together with Ms. Brenner) owns and controls 2,716,359 common shares of the Issuer, representing 13.6% of the issued and outstanding common shares of the Issuer. Immediately after the transaction referred to in item 2 above and assuming the exercise of all options held by the Offeror, the Offeror (together with Ms. Brenner) would own and control 3,056,359 common shares of the Issuer, representing 15.1% of the issued and outstanding common shares of the Issuer. 4. The designation and number or principal amount of securities and the percentage of outstanding securities of the class of securities referred to in item 3 over which (i) the offeror, either alone or together with any joint actors, has ownership and control: Please see item 3 above. (ii) the offeror, either alone or together with any joint actors, has ownership but control is held by other persons or companies other than the offeror or any joint actor: Not applicable. (iii) the offeror, either alone or together with any joint actors, has exclusive or shared control but does not have ownership: Not applicable. 5. The name of the market in which the transaction or occurrence that gave rise to the news release took place: The Acquired Shares were acquired by way of private agreement and not through any market. 6. The value, in Canadian dollars, of any consideration offered per security if the offeror acquired ownership of a security in the transaction or occurrence giving rise to the obligation to file a news release. The Offeror and Ms. Brenner paid an aggregate of $75,428.95 for the Acquired Shares (or $0.05 per Acquired Share). 7. The purpose of the offeror and any joint actors in effecting the transaction or occurrence that gave rise to the news release, including any further intention to acquire ownership or, or control over, additional securities of the reporting issuer: The Offeror acquired the Acquired Shares for investment purposes only. The Offeror may in the future take such actions in respect of his holdings as deemed appropriate in light of the circumstances then existing, including the purchase of additional common shares or other securities of the Issuer through open market purchases or privately negotiated transactions, or the sale of all or a portion of his holdings in the open market or in privately negotiated transactions to one or more purchasers. 8. The general nature and material terms of any agreement, other than lending arrangements, with respect to securities of the reporting issuer entered into by the offeror, or any joint actor, and the issuer of the securities or any other entity in connection with the transaction or occurrence giving rise to the news release, including agreements with respect to the acquisition, holding, disposition or voting of any of the securities: The Acquired Shares referred to in item 2 were purchased and acquired pursuant the terms and conditions of share purchase agreements dated February 3, 2016 between the Offeror, Ms. Brenner and the vendor of the Acquired Shares. 9. Name of any joint actors: Please see item 3 above. 10. In the case of a transaction or occurrence that did not take place on a stock exchange or other market that represents a published market for the securities, including an issuance from treasury, the nature and value in Canadian dollars of the consideration paid by the offeror: Please see item 6 above. 11. If applicable, a description of any change in any material fact set out in a previous report by the entity under the early warning requirements r Part 4 of National Instrument 62-103 in respect of the reporting issuer’s securities:: Not applicable. 12. If applicable, a description of the exemption from securities legislation being relied on by the offeror and the facts supporting that reliance. Not applicable. DATED this 18th day of February, 2016. “Scott Anderson” (Signed) ______________________________________ SCOTT ANDERSON
     
Loading...

Share This Page