35 New Co-Op's Join Coffee Pacifica's Distribution System.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- Coffee Pacifica, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CFPC CFPC College of Family Physicians of Canada CFPC California Forest Products Commission CFPC Child & Family Policy Center (Iowa) CFPC Centre Français du Patronat Chrétien CFPC Community Family Planning Council CFPC Central Florida Pregnancy Center, Inc. ) announced today that its strategic partner Papua New Guinea Papua New Guinea (păp` ə, –y Coffee Growers Federation Ltd. ("PNGCGF") has increased its co-operative membership by an additional 35 new co-operatives from 144 to 179 collectively representing approximately 120,000 individual coffee farmers. The majority of the new co-operatives will supply the robusta coffee Noun 1. robusta coffee - native to West Africa but grown in Java and elsewhere; resistant to coffee rustCoffea canephora, Coffea robusta, Rio Nunez coffee to the coffee milling factory established by the PNGCGF in Wewak, East Sepik East Sepik (Tok Pisin: Is Sepik) is a province in Papua New Guinea. Its capital is Wewak. last month. Jon Yogiyo, Vice Chairman of Coffee Pacifica and Chairman of PNGCGF, stated that, "Our exporting of robusta coffee will immediately impact Coffee Pacifica's sales and strengthens our ability to become one of the major exporters of PNG (Portable Network Graphics) A bitmapped graphics file format endorsed by the World Wide Web Consortium. It is expected to eventually replace the GIF format, because there are lingering legal problems with GIFs. green bean coffee into United States." Coffee Pacifica, Inc. is a distributor and a marketer in the United States, Canada and Europe of the green bean coffee grown in Papua New Guinea. Green bean coffee in Papua New Guinea is grown by Coffee Pacifica's shareholder-farmers in the Highland region's rich volcanic soils between the altitudes of 4,000 and 6,000 feet above sea level. Papua New Guinea exports approximately 2% of the annual world green bean production. Papua New Guinea coffee is well regarded by consumers for its uniqueness, consistency and special flavor characteristics. For more information about our coffee products, visit our website at www.coffeepacifica.com. Coffee Pacifica's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Uncommon Grounds Inc., established in 1984, is a coffee roasting and wholesale company based in Berkeley, California. Visit their website at www.uncommongrounds.net to purchase our PNG roasted coffee beans. PNG Coffee Growers Federation Ltd. ("PNGCGF") is our strategic partner and a major shareholder. PNGCGF's shareholders are 179 individual independent coffee grower co-operatives in 11 of the 13 coffee growing provinces in Papua New Guinea. This represents approximately 120,000 plus individual coffee farmers involved in producing co-operative coffee. The high quality premium-grade coffee produced by the co-operatives are pooled and marketed by Coffee Pacifica. In PNG approximately 86% of the exported coffee is annually produced by the small independent coffee growers. Except for the historical matters contained herein, statements in this press release contain "forward-looking statements" within the meaning of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that forward-looking statements involve risks and uncertainties which may affect the Company's business and prospects. Actual results could differ materially, as the result of such factors as: (1) competition in the markets for the Company's green bean coffee; (2) the ability of the Company to execute its plans; and (3) other factors detailed in the Company's public filings with the SEC. By making these forward-looking statements, the Company can give no assurances that transactions described in this press release will be successfully completed, and undertakes no obligation to update these statements for revisions or changes after the date of this press release. This release should be read in conjunction with our Annual Report on Form 10-KSB and our other filings with the SEC through the date of this release, which identifies important factors that could affect the forward-looking statements in this release. In addition, factors that could cause actual results to differ materially from those contemplated in the statements include, without limitation, overall economic conditions, and other risks associated generally with green bean coffee business. These forward-looking statements are not guarantees of future performance. |
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