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10-Q - FORM 10-Q FOR 11-30-2012 - Dixie Foods International, Incform_10-q.htm
EX-31 - RULE 13A-14(A) OR RULE 15D-14(A) CERTIFICATION - Dixie Foods International, Incex_31-1.htm
EXCEL - IDEA: XBRL DOCUMENT - Dixie Foods International, IncFinancial_Report.xls
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DESCRIPTION OF BUSINESS AND DEVELOPMENT STAGE RISK
3 Months Ended
Nov. 30, 2012
Notes to Financial Statements  
DESCRIPTION OF BUSINESS AND DEVELOPMENT STAGE RISK

NOTE 1 - DESCRIPTION OF BUSINESS AND DEVELOPMENT STAGE RISK

 

Dixie Foods International, Inc. (The Company) was formed to operate a specialty food business for salad dressing, sauces and condiments. The Company was organized under the laws of the State of Florida. The Company’s year end is August 31. We operate from our office at 115 N.E 6th Blvd., Williston, Florida 32696.

 

On January 6, 2012, the Company formed Dixie Sauce Co, Inc. (Dixie Sauce) a corporation as a wholly owned subsidiary of the Company and transferred all assets and liabilities related to its specialty foods business to this subsidiary.

 

The Company has a limited operating history upon which to base an evaluation of the current business and future prospects and has yet to achieve substantial commercial sales of its initial products. The Company will continue to be considered a development stage entity until it has begun significant operations and is generating significant revenues.

 

The Company has minimal revenues to date. Since its inception, the Company has been dependent upon the receipt of capital investment to fund its continuing activities. In addition to the normal risks associated with a new business venture, there can be no assurance that the Company’s business plan will be successfully executed. Our ability to execute our business model will depend on our ability to obtain additional financing and achieve a profitable level of operations. There can be no assurance that sufficient financing will be obtained, or can we give any assurance that we will generate substantial revenues or that our business operations will prove to be profitable.