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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Jammin Java Corp (PK) | USOTC:JAMN | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.00005 | -50.00% | 0.00005 | 0.0001 | 0.0001 | 0.0001 | 0.00005 | 0.0001 | 447 | 15:13:51 |
"Marley Coffee UK has followed the US in many ways from a strategic development standpoint," commented Guy Wilmot, General Manager of Marley Coffee UK. "For the last two years, we've tested and proved that Marley Coffee is a viable brand that consumers can identify with across several different European countries. Like Marley Coffee USA, we started out with three SKUs of 8oz (227g) bags in ground and whole bean coffee form, and successfully sold them within key retailers throughout Europe. The objective for 2014 is to expand our product lines significantly to match those of the US in order to enter into new business verticals such as food service and OCS. The UK is the eighth-largest coffee marketplace, and coffee retail value was larger than tea in 2012, according to Euromonitor. We are extremely excited for the additional support that's being committed to us in 2014."
Rohan Marley, Chairman of Marley Coffee, said, "Early last year, Marley Coffee established itself in Europe with some of the most prestigious high-end European retailers, such as Selfridges, Planet Organic Grocery Chain and La Grande Epicerie. Later in 2013, we caught the attention of some of the larger European retail chains. For example, we had a successful launch of the single-serve espresso-based capsules program with Martello, which sold the capsules in more than 700 Hofer and Aldi stores in Europe. We were also able to get 8oz bags distributed through El Corte Ingles Supermarket in Spain by the end of the year, which is our largest distributor of our 8oz bags in Europe. As we look at our plans for 2014, we are confident that we will continue to drive our expansion into the UK and European markets. This is a very exciting time for Marley Coffee as we expect the company will potentially reach a tipping point of awareness in 2014 that will trigger a string of new distribution deals in the UK and Europe."
"Guy and his team have done a great job of generating brand awareness and distribution for Marley Coffee throughout Europe this year," says Brent Toevs, CEO of Marley Coffee. "Through their media efforts, they've been profiled in some of the largest magazines such as Saveurs and FHM. We were even featured in GQ Magazine where the company won the 'celebrity coffee taste-off.' A year and a half ago we were authorized in about 500 points of distribution and today we're authorized in over 8,000 retail stores. We believe that the UK is right at that tipping point. They've shown that people are gravitating toward the brand, and so its time for us to reinvest our efforts into this market."
The company's main initiatives will be to:
About Jammin Java Corp., d/b/a Marley Coffee
Marley Coffee (corporate name Jammin Java Corp.) is a US-based company that provides premium, artisan roasted coffee to the grocery, retail, online, service, hospitality, office coffee service and big box store industry. Under its exclusive licensing agreement with 56 Hope Road, the company continues to develop its coffee lines under the Marley Coffee brand. The company is a fully reporting company quoted on the OTCQB under the symbol "JAMN". Learn more at www.MarleyCoffee.com or visit the corporate website at www.JamminJavaCorp.com.
Join us on Facebook at http://www.facebook.com/MarleyCoffee, or follow us on Twitter at http://twitter.com/marleycoffee, where we post information that's material and non-material about the company.
Forward-Looking Statement
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Acts"). In particular, the words "believe," "may," "could," "should," "expect," "anticipate," "estimate," "project," "propose," "plan," "intend," and similar conditional words and expressions are intended to identify forward-looking statements and are subject to the safe harbor created by these Acts. Any statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. These risks and others are included from time to time in documents we file with the Securities and Exchange Commission ("SEC"), including but not limited to, our Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on our future results. Accordingly, you should not place undue reliance on these forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties that are not paid by the company. The company's SEC filings are available at http://www.sec.gov.
CONTACT: Dian Griesel Int'l. 212-825-3210
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