New Colombia Resources Inc. Closes Acquisition of Organic Coffee Company to Export Premium Coffee From Colombia
January 14 2014 - 7:00AM
Marketwired
New Colombia Resources Inc. Closes Acquisition of Organic Coffee
Company to Export Premium Coffee From Colombia
BARRANQUILLA, COLOMBIA--(Marketwired - Jan 14, 2014) - New
Colombia Resources, Inc. (OTCQB: NEWC) ("New Colombia or the
Company") announces they have closed the acquisition of Café Tolima
Don Diego, LLC (Café Tolima) from Diego Guarnizo. The Company
made this acquisition to distribute USDA Certified Organic Coffee
in Colombia, North America, Europe, and China. This
acquisition is in line with the company's corporate objective of
taking advantage of resource opportunities in the Republic of
Colombia.
Café Tolima Don Diego is in contact with supermarket chains,
airlines, and wholesale clubs in the U.S. and Colombia. New
Colombia Resources will establish a sales office in Colombia to
handle domestic and international sales. To learn how Café Tolima
Don Diego organic coffee is produced visit
http://media.wix.com/ugd//b6785b_8282f09d5dd52fb415187cd4a882c03a.pdf
Café Tolima will work with celebrities to help promote their
organic coffee, especially to the health conscience Hispanic market
in the U.S., the fastest growing segment of the U.S.
population. Café Tolima will also export chocolate covered
gourmet coffee beans and other coffee candies for distribution in
convenience stores and retail outlets. The company plans to
coin the term "Don Diego" as the pop culture name of chocolate
covered coffee beans. They will promote these tasty snacks as
a healthier alternative to sugary energy drinks. Studies have
shown that moderate amounts of chocolate and coffee improves energy
metabolism, may lower blood pressure, and decreases the risk of
cardiovascular disease.
Diego Guarnizo will stay on as President of the wholly owned
subsidiary. Mr. Guarnizo has consolidated the coffee growers
in the Tolima Department of Colombia to supply the Company with the
highest quality organic and specialty coffees. Most coffee,
especially from the Southern growing area of Tolima, comes from
small family farms that hand pick and process their coffee with
pride resulting in an exceptional coffee with sugar cane sweetness,
floral hints, and traces of tropical fruits that are grown in the
area.
New Colombia Resources is in advanced negotiations to acquire
the majority shares in a fully reporting publicly traded company
for the purpose of spinning out Café Tolima Don Diego, LLC into its
own public entity. New Colombia will issue a dividend in these
shares to existing shareholders on the date of record to be
announced. The company will keep shareholders updated
accordingly.
"Diego and I have worked very hard the past few months to
consolidate coffee growers in Tolima. Diego's ties to that
community have helped us establish a supply network of family farms
willing to grow with us. We are very happy with the warm
reception we've received from the local business community," stated
John Campo, President of New Colombia Resources.
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About New Colombia Resources, Inc. New Colombia Resources, Inc.
is focused on the acquisition and development of high-quality
metallurgical coal properties and other available resources in the
Republic of Colombia. They expect to have three revenue producing
businesses; metallurgical coal mining, African palm distribution,
and traditional and organic coffees. They own 100% of La
Tabaquera metallurgical coal mine in Colombia with an estimated 15-
17 MM tonnes of reserves. They have another pending
acquisition for 390 ha and a solicitation contract for 184 ha
metallurgical coal concession. They are planting 2000 African
palm trees for the production of bio-diesel in Colombia and they
are acquiring an organic coffee company. Once the necessary
financing is obtained, the Company plans to have additional revenue
producing business units in Colombia: coal mining, coking oven
facilities, docks, river, and rail transportation to export
terminals in Colombia. The Company is also exploring allegiances
with U.S. and Colombian universities to study capturing Coal Bed
Methane (CBM) in Colombia. For more information on the Company
visit www.newcolombiaresources.com.
Transportation, Logistics and Other Information New Colombia
Resources intends to sell their coal at the mine's gate unless they
enter into off-take agreements. At the right time, the Company
plans to build or acquire river or rail loading facilities on the
Magdalena River close to their mines. The coal will be trucked to
these distribution centers, and then barged via the Magdalena River
or by rail to terminals in Barranquilla, Santa Marta, or Cartagena
for export. Initially they will use existing logistics
providers while their transportation projects are being
developed. After the rail projects and the "Road to the Sun"
project are completed, New Colombia Resources will have one of a
few metallurgical coal mines in the World with river, rail, and
road access to coal export terminals on both the Atlantic and
Pacific Oceans.
Forward Looking Statements Forward Looking Statements; This
Press Release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Act of 1934. A statement containing works
such as "anticipate," "seek," intend," "believe," "plan,"
"estimate," "expect," "project," "plan," or similar phrases may be
deemed "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Some or all of
the events or results anticipated by these forward-looking
statements may not occur. Factors that could cause or contribute to
such differences include financing, the future U.S. and global
economies, the impact of competition, and the Company's reliance on
existing regulations. New Colombia Resources, Inc. does not
undertake any duty nor does it intend to update the results of
these forward-looking statements.
Company Contact: New Colombia Resources, Inc. John Campo
President/Chairman (1)-410-236-8200 USA (57) 318-657-0918 Colombia
jcampo@newcolombiaresources.com New Colombia Resources, Inc.
Barranquilla, Colombia www.newcolombiaresources.com