DTS8 Coffee Achieves 3rdConsecutive Increase in Annual Revenue
MINDEN, Nev.--(BUSINESS WIRE)-- DTS8 Coffee Company, Ltd. (OTCQB:BKCT) announced today that revenue for the year ending April 2013 increased to $253,790, from $220,421 in 2012 and $43,074 in 2011, representing three consecutive years of revenue growth from sale of roasted gourmet coffee in China. Additional details are contained in the Company's 10-K filed on August 13, 2013.
Sean Tan, Chairman of DTS8 Coffee Company, said: "We are excited about our continued annual revenue growth. It is a strong endorsement of DTS8 Coffee's brand and business strategies as a marketer and distributor of fresh artisan roasted gourmet coffee. We are now working on increasing revenue and lowering costs to improve profitability from our overall operations."
To reduce DTS8's operational costs and further improve efficiencies, DTS8 has also completed the move of its roasting and packaging operations to Nanxun Town in Huzhou District, Zhejiang Province. DTS8 is the only coffee roaster operating there and was recently granted a new three-year QS license. Nanxun Town is a strategic location, within a couple of hours' drive to Suzhou, Wuxi, Hangzhou, Ningbo, and Anhui province, providing easy access to new coffee sales opportunities and future growth.
DTS8 Coffee Company, Ltd. ("DTS8") is a purveyor of gourmet roasted coffee in China. DTS8's subsidiaries DTS8 Coffee (Shanghai) Co., Ltd. (established in June 2008), and DTS8 Coffee (Huzhou) Co. Ltd. (established March 2013), are coffee roasters and wholesalers of the "DTS8 Premium," "Single Origin Premium," "Don Manuel," and "Private Label" brands of roasted coffees in Shanghai and other parts of China. DTS8 coffees are well regarded by consumers for their uniqueness, consistency and special flavor characteristics. DTS8 coffees are sold through distribution channels that reach consumers at restaurants, multi-location coffee shops and offices. For more information about DTS8 Coffee products, visit our Website 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 the 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 green bean coffee business. These forward-looking statements are not guarantees of future performance.
KEYWORDS: United States Asia Pacific North America China Nevada New York
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