UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 22, 2014
DTS8 COFFEE COMPANY, LTD.
(Exact name of registrant as specified in its charter)
| | |
Nevada
| 000-54493
| 80-0385523
|
(State of Incorporation)
| (Commission File No.)
| (Tax ID No.)
|
Building B, #439, Jinyuan Ba Lu
Jiangqiao Town, Jiading District
Shanghai, 201812, China
(Address of principal executive offices)
Registrants Telephone Number, including area code: 011-86-18101819011
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below).
[ ] Written Communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR240.13e-4(c)).
Section 8 Other Event
Item 8.01 Other Events
On October 16, 2014, DTS8 Coffee Company, Ltd. (DTS8) announced in a press release that the first Café de la Don Manuel-branded coffee café will open for business on October 22, 2014. The café is located at the corner of 1 Henan Nan Lu and 150 East Jing Ling Road, Shanghai, in Shanghais busy Bund tourist and commercial area. The café is owned and operated by the joint venture company Don Manuel (Shanghai) Investment Management Co., Ltd. (JV Company), in which DTS8 holds a19% equity interest.
JV Company is established in the Free Trade Zone in Shanghai, China, and owns and operates Café De La Don Manuel branded coffee shop in China. The business license is valid for 30 years and expires on August 25, 2044. The registered capital of the JV Company is 10 million RMB Yuan (approximately US$1,660,000). The paid up capital is 5 million RMB Yuan (approximately US$830,000). DTS8s total cash investment is US$162,800 for its 19% equity interest in the JV Company.
The Café De La Don Manuel coffee cafés will exclusively sell Don Manuel brand, 100% Colombian coffee, artisan roasted by DTS8. DTS8 will generate revenue directly from the sales of roasted coffee to the JV Company, and indirectly through its share of distributable profits from the JV Company.
There are three directors of the JV Company. The Chairman of DTS8, Mr. Alexander Liang, is DTS8s representative on the board. Mr. Li Houkai, the majority shareholder, is the Chairman and Chief Executive Officer of the JV Company.
The information as set forth in this report on Form 8-K is qualified in its entirety by reference to the press release and business license certificate that are attached as exhibits to this Form 8-K.
Section 9 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
Exhibit 99.1
Press release dated October 16, 2014
Business license certificate
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 24, 2014
DTS8 Coffee Company, Ltd.
(Registrant)
/s/ Sean Tan
Sean Tan
President & Chief Executive Officer
DTS8 COFFEES JV Café de la DON MANUEL TO OPEN OCTOBER 22, 2014
SHANGHAI, CHINA, October 16, 2014, DTS8 Coffee Company, Ltd. (OTCBB: BKCT, BERLIN: 9BE) announced today that the Joint Ventures first Café de la DON MANUEL coffee café will open for business on October 22, 2014. The café is located at the corner of 1 Henan Nan Lu, and 150 East Jing Ling Road, Shanghai. It is in Shanghais busy Bund tourist and commercial area. The 100% Colombian coffee which is imported and roasted by DTS8s master roaster at DTS8s coffee roasting facility in Huzhou, Zhejiang province, China will be exclusively sold in the café.
Mr. Alex Liang, Chairman of DTS8 Coffee stated, the location of this flagship café is readily accessible to the targeted, Shanghai coffee aficionados. More DON MANUEL cafes are being planned for openings in Shanghai and other cities in the coming months.
DTS8 Coffee Company, Ltd. (DTS8) is a purveyor of artisan roasted gourmet 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 DTS8s 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 DTS8s coffee; (2) the ability of DTS8 to execute its business plan; and (3) other factors detailed in DTS8s 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 DTS8s 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.
USA: Peter Baxter, Investor Relations: 775-360-3031 - info@dts8coffee.com