DTS8 Coffee Company, Ltd. (OTCBB:BKCT) (BERLIN:9BE) reports that
according to an International Coffee Organization report dated August
10, 2015, “Both the production and consumption of coffee in China
have been growing at double-digit rates, and show few signs of slowing.
As the economy of China continues to grow, the pool of consumers with
disposable income expands and demand for coffee rises accordingly. The
presence of coffee shops is no longer a novelty, but rather an essential
feature of the urban landscape. China is rapidly developing a
taste for coffee.”
Douglas Thomas, CEO of DTS8 stated, “As a fully licensed artisan, coffee
roaster in China, we are well positioned to capitalize on the continued
growth in consumption of coffee in China. Thomas added, “Historically we
have grown in concert with this expansion and expect our rate of growth
to mirror market projections.”
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 other 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.
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