DTS8 Coffee to Joint Venture with Cambio Coffee in Shanghai
DTS8 Coffee Company, Ltd. (BKCT:OTCQB, BERLIN:9BE) today announced it has signed a Letter of Intent to initiate a joint venture
with Cambio Coffee Limited (“Cambio”) purposed to own and operate retail coffee shops in China.
Douglas Thomas, CEO of DTS8, said, “Cambio has successfully managed to cultivate a cult-like following among the younger
coffee drinking population in Shanghai. It has hosted and participated in many cultural events successfully to further its
strong brand as a premier destination for reliable quality gourmet coffee.”
Thomas continued, “According to a recent China Daily article, Cambio and its founder Sebastian Martin are changing the way
Chinese drink coffee. The joint venture will elevate DTS8 to new heights with the addition of new revenue sources while
allowing it to leverage its operational risk on the retail direct-to-consumer side of the business.”
Cambio is a premium coffee café operating in Shanghai. Its specialty is serving gourmet coffee to both the expatriate and local
Chinese coffee connoisseurs in Shanghai. Since its inception, Cambio has received awards and accolades from many Shanghai-based
media organizations.
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.
Investors contact
TEN Associates LLC
Tom Nelson, 480-326-8577
tenassociates33@gmail.com
or
DTS8 contact
Peter Baxter, 775-360-3031
info@dts8coffee.com
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