$100 Million New Jersey Deli Owner Hometown International Just Announced a Merger With a Bioplastics Firm
The New Jersey deli owned by Hometown International will not be operated by the merged company.
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The New Jersey deli owned by Hometown International will not be operated by the merged company.
Hometown International Inc, which owns a single deli in Paulsboro, New Jersey baffled observers earlier this year when its parent company soared in value in over-the-counter trading.
Hometown International has a massive stock market capitalization despite owning just a small New Jersey deli.
The shell company — Europa Acquisition I Inc. — was one of eight shell entities set up in 2010 by Peter Reichard and Peter Coker Sr., the North Carolina-based investors in deli owner Hometown International. After Reichard and Coker sold them, most of those shell companies — including the one later purchased by Trump's former real estate tax lawyer Allan Schwartz — ended up having their registrations revoked by the Securities and Exchange Commission for failing to keep current in their disclosure filings, records show. Your Hometown Deli in Paulsboro, N.J., is no mere neighborhood deli...
One of those investors — cryptically named VCH Limited — also collects $25,000 per month from Hometown International for a consulting agreement related to efforts by the money-losing sandwich seller to merge with a private entity. While Hometown International operates a real Italian deli in Paulsboro, New Jersey — albeit a modest one with less than $37,000 in combined sales in the past two years — E-Waste has no actual business operations. Google Earth Your Hometown Deli in Paulsboro, N.J. Despite that fact, the market capitalization of both companies has topped $100 million in recent...