MINDEN, Nev.--(BUSINESS WIRE)--DTS8 Coffee Company, Ltd. (BKCT:OTCBB & 9BE:BERLIN) reports that it has successfully completed the initial phase of due diligence on the wholesale, coffee roasting company it intends to purchase. The company, located on the East Coast of the United States operates in a large, mature coffee market, and has developed an extensive distribution network within their marketplace. Further details of the proposed transaction will be disclosed in due course.
Douglas Thomas, CEO of DTS8 stated “We are making good progress on the list of requirements to closing on this proposed acquisition. On completion, DTS8 will become one of the first, U.S. based coffee companies, with roasting facilities and distribution networks in both the U.S. and China which bodes well for the future of revenue growth at DTS8.”
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 in China. 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.