DTS8 Coffee Starts Online Coffee Sales in China to Accelerate Revenue Growth
SHANGHAI--(BUSINESS WIRE)--DTS8 Coffee Company, Ltd. (BKCT.OB, BERLIN:9BE) announced today that it is entering into the online coffee market by introducing its artisan roasted coffees for sale on a number of Chinese e-commerce websites; Amazon China, Yihaodian (owned by Wal-Mart), Tmall and Taobao (owned by Alibaba). All these web sites are high traffic destinations for the increasing number of Chinese online shoppers.
Mr. Sean Tan, CEO of DTS8 Coffee, stated that: “We are expanding our coffee sales beyond our current markets of Shanghai and Beijing into second tier cities such as Xian, Hangzhou, Suzhou, Chengdu, Xiamen, and Wuhan. This expansion strategy will assist us to connect us directly with Chinese online consumers; a market currently estimated at about half a billion shoppers.”
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 green bean coffee business. These forward-looking statements are not guarantees of future performance.