LOS ANGELES, Aug. 8, 2011 /PRNewswire/ -- Jammin Java Corp.
(OTC Bulletin Board: JAMN) has announced that it has expanded its
distribution license agreement with Marley Coffee, LLC. The
total consideration for the amended license is $126,000.00 of assumed debt. The new license,
which amends the original license signed in May 2010, will give Jammin Java the Exclusive
right to distribute Marley Coffee in North America and the Caribbean and also allows Jammin Java
to distribute Marley Coffee to retail grocery stores. As a result
of the new license agreement, Jammin Java will assume all of Marley
Coffee's current coffee distribution, including online and brick
and mortar establishments. Jammin Java will now distribute Marley
Coffee throughout the Western United
States (including Hawaii),
and Canada, as well as through
various web-based venues (such as Cooking.com, with which Jammin
Java has an existing partnership).
The amended license also gives Jammin Java a non-exclusive
license to manufacture or sell any ready to drink coffee drinks,
tea products, chocolate products merchandising and coffee related
equipment such as machines and grinders.
"We are very excited about this amended license," says
Rohan Marley, Chairman of Jammin
Java Corp. -- Jammin Java Corp. has the financial means, the
executive team and the distribution backbone to really push the
Marley Coffee brand forward through all market segments."
"There has been some confusion in the marketplace over the
differences between the private company Marley Coffee, LLC and the
public company Jammin Java Corp. Originally, we intended to develop
distribution into 2 separate markets; grocery retail distribution
and service/ OCS distribution and have each company focus on the
separate markets. However, this amended license will
strengthen our overall distribution and alleviate any marketplace
confusion."
One other move to reduce confusion in the marketplace was to
allow Jammin Java Corp. to do business as Marley Coffee as part of
the amended license. All future products no longer need to
say Jammin Java by Marley Coffee, rather it will all run under the
banner of Marley Coffee by Rohan
Marley.
"It is truly wonderful to see Rohan's vision come to life,"
commented Cedella Marley, director
of 56 Hope Road Merchandising. "We are excited about Marley
Coffee's expanded license with Jammin."
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.jamminjavacorp.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 and Section 21E of the Securities Exchange Act of 1934, as
amended (the "Acts") . In particular, the words "believe,"
"may," "could," "should," "expect," "anticipate," "estimate,"
"project," "propose," "plan," "intend," and similar conditional
words and 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 ("SEC"), 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.
Investor Relations Contact:
Stuart T. Smith
512-267-2430
info@smallcapvoice.com
Corporate Contact:
Jammin Java Corp.
info@jamminjavacorp.com
8200 Wilshire Blvd. Suite 200
Beverly Hills, CA 90211
323-556-0746
SOURCE Jammin Java Corp.