VANCOUVER, British Columbia--(BUSINESS WIRE)--DTS8 Coffee Company, Ltd. (BKCT:OTCQB, BERLIN:9BE) announced today that it plans to advance on its long term strategic expansion in China, to capture and participate in the growth of the retail coffee café segment. Coffee cafés have been sprouting up in China’s urban cities in recent years and the affluent, younger generation have been flocking to these cafés in search of the unique coffee experience.
Douglas Thomas, CEO of DTS8, said, “According to Allegra Strategies, China has become the fastest growing retail coffee café market by adding 1,462 shops in the last 12 months. With an estimated 5,391 branded coffee shop outlets, China is the current market leader in American-style chains in South East Asia.”
Thomas added, “Four new coffee cafés open in China every day. In order to capitalize on the competitive edge of having our own roaster, DTS8 is moving into its second phase of expansion and plans to create a network of coffee cafés through acquisitions and mergers. These coffee shops will enhance the DTS8 brand in China, help build a direct link to retail consumers, and contribute to long term revenues.”
DTS8 Coffee Company, Ltd. (“DTS8”) is a leading purveyor of fresh, artisan roasted, and gourmet coffee in Shanghai, 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 identify 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.
