Printer Friendly
The Free Library
19,604,530 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Coffee Pacifica Closes $2.25 Million Funding.


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 effective March 19, 2007, it received gross proceeds of $2,250,000 by issuance of $2,678,571 of convertible notes to five accredited investors. The convertible notes due March 18, 2009 may be converted, at the option of the Note-holders, into shares of common stock of Coffee Pacifica, Inc. JPC JPC Joint Parliamentary Committee (India)
JPC John Paul College (Queensland, Australia)
JPC Joint Propulsion Conference
JPC Joint Planning Committee
JPC Jpeg-2000 Code stream
 Capital Partners, Inc., an Atlanta based NASD NASD

See: National Association of Securities Dealers


NASD

See National Association of Securities Dealers (NASD).
 firm, acted as exclusive placement agent for this transaction. Please visit www.jpccapital.com for more information.

Terry Klassen, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Coffee Pacifica, stated "Funding provides us with the necessary working capital to maximize shareholder value by increasing revenue, cash flow, and earnings of Coffee Pacifica."

"This funding will fuel our revenue growth. Increased working capital will enable us to aggressively increase the shipment volume of our co-operative coffees," said Jon Yogiyo, Vice Chairman of Coffee Pacifica and Chairman 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.  Coffee Growers Federation Ltd.

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 Papua New Guinea (păp`ə, –y  and "Penlyne Castle" brand "Jamaican Blue Mountain" coffee grown by Blue Mountain Coffee Co-Operative Society Ltd ("BMCC BMCC

bulk milk cell counts.
") of Jamaica. 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.

"Penlyne Castle" brand "Jamaican Blue Mountain" coffee is grown by Blue Mountain Coffee Co-Operative Society Ltd ("BMCC") of Jamaica. BMCC is a Jamaican incorporated society that has been actively involved in the production and exportation of the Jamaican coffee since 1949. BMCC represents approximately 3,000 coffee farmers within the Blue Mountain coffee region of Jamaica. BMCC was established to enhance and improve the economic benefits of its members.

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 current and future business and prospects. Actual results could differ materially, as a result of various risk factors including but not limited to: (1) competition in the markets for the Company's 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.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Mar 20, 2007
Words:686
Previous Article:Meru Networks Named to the 2007 "Pulver 100".
Next Article:Mirapoint and Ziff Davis to Discuss the Bottom-Line Benefits of Web-Based Enterprise Messaging.



Related Articles
CORPORATE VENTURA CHIPS IN; GOLF BOOSTS CHARITIES.
BURBANK COMPLEX NETS $50.5 MILLION.
AGREEMENT WITH STATE WOULD PUT YOUTH SHELTER ON PROBATION.
Opposition radio: the alternative voice of Pacifica's KPFK. (Media).
BRIEFLY.
Koffman is star of Culver Studios development deal.
Victoria group renovates former drug house.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles