Green Mountain Coffee Roasters, Inc. Pledges $1.6 Million for Two Heifer International Projects
Green Mountain Coffee Roasters, Inc.Pledges $1.6 Million for Two Heifer International Projects
New projects in Peru and Honduras to benefit thousands of coffee-growing families.
LITTLE ROCK, Ark.--(BUSINESS WIRE)-- Heifer International is proud to announce that Green Mountain Coffee Roasters, Inc. (GMCR) (NAS: GMCR) , has extended its long-standing relationship with the global hunger nonprofit by committing $1.6 million in funding for two new projects in Peru and Honduras. These projects will reach about 2,200 families in Peru and Honduras who currently struggle to feed themselves adequately year round.
The four-year pledge represents a continuation of a partnership that has helped coffee-growing families in Guatemala, Mexico, Honduras, Nicaragua, and Peru to achieve healthy, sustainable livelihoods despite extreme seasonal changes. By diversifying the products cultivated on their farms, families are better able to make it through "the thin months" of scarcity in between yearly coffee harvests.
"The new projects will serve as shining examples of what is possible when the nonprofit sector and private sector work hand-in-hand to create sustainable paths out of poverty for populations who would otherwise be left behind," said Marleen New, director of global partnerships and alliances for Heifer. "The projects, with the support of GMCR, will bring new hope and better standards of living to these communities."
"We have worked with Heifer International for years because of their knowledge of the communities where we work, and their proven ability to address issues at the household level," said Rick Peyser, GMCR's Director of Social Advocacy and Supply Chain Community Outreach. "Heifer International has an effective, replicable model that improves food security and nutrition while encouraging collaboration and ownership among members of the community."
The project Vida Café will work with families who grow organic coffee in Western Honduras, improving their diets, giving them greater food security even between harvests, and increasing their income. Heifer International will work with local partner organizations to provide technical and business training and will provide livestock like cows, chickens, goats and beehives, as well as vegetable and fruit tree seedlings. Trainers will also work with families to improve food preparation and hygiene practices, and the project will provide assets like 225 eco-friendly stoves.
Café Selva, the new project in central Peru, will help 1,000 families in the Pichanaki jungle to improve their nutrition and homes, and empower women within the communities. The project will provide guinea pigs, poultry, veterinary kits, backyard gardens, sanitation assets like water tanks, and training to participants. It will also work to increase women's opportunities for participation and leadership in local organizations.
About Heifer International:
Heifer International's mission is to end hunger and poverty while caring for the Earth. Since 1944, Heifer International has provided livestock and environmentally sound agricultural training to improve the lives of those who struggle daily for reliable sources of food and income. Heifer is currently working in more than 40 countries, including the United States, to help families and communities become more self-reliant. For more information, visitwww.heifer.org, read ourblog, follow us onFacebookorTwitter, or call 1-800-696-1918.
About Green Mountain Coffee Roasters, Inc.
As a leader in specialty coffee and coffee makers, Green Mountain Coffee Roasters, Inc. (NAS: GMCR) is recognized for its award-winning coffees, innovative brewing technology, and socially responsible business practices. GMCR supports local and global communities by investing in sustainably-grown coffee and allocating a portion of its pre-tax profits to socially and environmentally responsible initiatives. For more information, please visitwww.GMCR.com,www.greenmountaincoffee.com, orwww.keurig.com
Certain information contained in this filing, including statements concerning expected performance such as those relating to net sales, earnings, cost savings, acquisitions and brand marketing support, are "forward-looking statements". Generally, these statements may be identified by the use of words such as "may," "will," "would," "expect," "should," "anticipate," "estimate," "believe," "forecast," "intend," "plan" and similar expressions intended to identify forward-looking statements. These statements may relate to: the expected impact of raw material costs and our pricing actions on our results of operations and gross margins, expected trends in net sales and earnings performance and other financial measures, the expected productivity and working capital improvements, the ability to maximize or successfully assert our intellectual property rights, the success of introducing and producing new product offerings, ability to attract and retain senior management, the impact of foreign exchange fluctuations, the adequacy of internally generated funds and existing sources of liquidity, such as the availability of bank financing, the expected results of operations of businesses acquired by us, our ability to issue debt or additional equity securities, our expectations regarding purchasing shares of our common stock under the existing authorizations, and the impact of the inquiry initiated by the SEC and any related litigation or additional governmental inquiry or enforcement proceedings.
These and other forward-looking statements are based on management's current views and assumptions and involve risks and uncertainties that could significantly affect expected results. Results may be materially affected by external factors such as damage to our reputation or brand name, business interruptions due to natural disasters or similar unexpected events, actions of competitors, customer relationships and financial condition, the ability to achieve expected cost savings and margin improvements, the successful acquisition and integration of new businesses, fluctuations in the cost and availability of raw and packaging materials, changes in regulatory requirements, and global economic conditions generally which would include the availability of financing, interest, inflation rates and investment return on retirement plan assets, as well as foreign currency fluctuations, risks associated with our information technology systems, the threat of data breaches or cyber-attacks, and other risks described in our filings with the Securities and Exchange Commission.
Actual results could differ materially from those projected in the forward-looking statements. We undertake no obligation to update or revise publicly, any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.
Linda Meyers, 501-907-2647
KEYWORDS: United States North America Central America South America Peru Massachusetts Honduras
The article Green Mountain Coffee Roasters, Inc. Pledges $1.6 Million for Two Heifer International Projects originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.