DTS8 Coffee Company Aktie
WKN DE: A1KCNC / ISIN: US23338B1008
11.06.2014 15:15:00
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DTS8 Coffee Enters into Joint Venture to Open Café De La Don Manuel Coffee Shops
DTS8 Coffee Company, Ltd. (BKCT:OTCBB & OTCQB, BERLIN:9BE) announced today that, effective June 10, 2014, it owns a 19% equity interest in a joint venture company, established in the Shanghai Tax free Zone, to own and operate Café De La Don Manuel' branded coffee shops throughout China. The joint venture anticipates opening its first coffee shop in Shanghai by September 2014.
The Café De La Don Manuel' coffee café’s will exclusively sell the Don Manuel, 100% Colombia coffee, artisan roasted by DTS8 Coffee. DTS8 will directly derive revenue from the sales of roasted coffees to the joint venture and indirectly its share of distributable profits from the joint venture. Mr. Li Houkai, a businessman in Shanghai, China, owns 76% of the equity interest of the joint venture and is also the project manager.
Mr. Alex Liang, Chairman of DTS8 stated: "Entry into retail coffee market enables DTS8 to increase sales of its roasted coffees created specifically for the Chinese market under the iconic Don Manuel® brand.”
Mr. Li Houkai, the majority partner and the project manager said "We agreed to establish a joint venture with DTS8 due to its unique business model, competitive advantages and strengths over the competition that provides stability for our coffee cafe build out plan in the world’s fastest growing coffee market. We project a profitable business venture and plan to unveil our first shop by September 2014, with 5 more slated to open first quarter 2015.”
DTS8 Coffee Company, Ltd. ("DTS8”) is a purveyor of gourmet-roasted coffee in China. DTS8 roasts, markets and wholesales the "DTS8 Premium”, "Single Origin Premium”, "Don Manuel”, and "Private Label” brands in Shanghai and others areas of China. DTS8 coffees are well regarded by consumers for their uniqueness, consistency and special flavor characteristics, and are sold through distribution channels reaching consumers at restaurants, multi-location coffee shops and offices. Visit us at www.dts8coffee.com.
Except for the historical matters contained herein, statements in this press release contain "forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements involve risks and uncertainties, which may affect DTS8’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 DTS8’s coffee; (2) the ability of DTS8 to execute its business plan; and (3) other factors detailed in DTS8’s public filings with the SEC. By making these forward-looking statements, DTS8 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 DTS8’s Annual Report on Form 10-K and its 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 the coffee business. These forward-looking statements are not guarantees of future performance.

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