LOS ANGELES, May 6, 2011 /PRNewswire/ -- Jammin Java Corp.
(OTC Bulletin Board: JAMN), has requested and received
authorization to receive the balance of the $2.5 Million financing from the Share Finance
Agreement originally announced in December 2010. To date, the
company has drawn down three tranches of $40,000 for an aggregate of $120,000. The investor has now authorized
the immediate release of the balance of $2,380,000 to the company. The shares from
the financing will be restricted securities.
"We are extremely excited about getting this financing," says
Rohan Marley, Chairman of Jammin
Java Corp. "After months of hard work from our small but
capable team in building the company's infrastructure, expanding
our product line and generating sales from both online and offline
retailers, our investors believe that we're ready to take this
company to the next level. This financing will be used
primarily for working capital, to increase the company's human
capital and to rapidly market and expand into new markets and
generate long term value for our shareholders," added Rohan Marley.
About Jammin Java Corp.
Jammin Java Corp. is a US-based company providing premium
roasted coffee on a wholesale level to the service, hospitality,
office coffee service and big box store industry. Jammin Java is a
fully reporting company quoted on the OTCBB under the symbol JAMN.
For more information, please visit the company's website at
www.jamminjavacoffee.com or to purchase the coffee go to
www.MarleyCoffee.com.
Forward-Looking Statement
This Press Release includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended (the "Act") and Section 21E of the Securities Act of 1934,
as amended (the "Exchange Act"). In particular, the words
"believes," "expects," "intends," "plans," "anticipates," or "may,"
and similar conditional expressions are intended to identify
forward-looking statements and are subject to the safe harbor
created by these Acts. Any statements made in this news release
about an action, event or development, are forward-looking
statements. Such statements are based upon assumptions that in the
future may prove not to have been accurate and are subject to
significant risks and uncertainties. Such statements are
subject to a number of assumptions, risks and uncertainties, many
of which are beyond the control of the Company. These risks and
others are included from time to time in documents we file with the
Securities and Exchange Commission, including but not limited to,
its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or
unpredictable factors also could have material adverse effects on
our future results. Accordingly, you should not place undue
reliance on these forward-looking statements. Although the Company
believes that the expectations reflected in the forward-looking
statements are reasonable, it can give no assurance that its
forward-looking statements will prove to be correct. Investors are
cautioned that any forward-looking statements are not guarantees of
future performance and actual results or developments may differ
materially from those projected. The forward-looking statements in
this press release are made as of the date hereof. The Company
takes no obligation to update or correct its own forward-looking
statements, except as required by law or those prepared by third
parties that are not paid by the Company. The Company's SEC filings
are available at http://www.sec.gov.
Contact: Jammin Java Corp.
info@jamminjavacoffee.com 8200 Wilshire Blvd. Suite
200 Beverly Hills, CA
90211 323-556-0746
SOURCE Jammin Java Corp.