LOS ANGELES, Sept. 09, 2011 /PRNewswire/ -- As reported in
recent news articles, the United States Securities & Exchange
Commission ("SEC") has been conducting a non-public and
confidential inquiry in order to determine whether Jammin Java Corp
(OTC Bulletin Board:JAMN.ob) ("Jammin"), and any party affiliated
or unaffiliated with Jammin, has violated the federal securities
laws by participating in an unlawful "pump and dump" scheme to
artificially inflate Jammin's stock price. Neither Jammin, nor
anyone affiliated with the company, has participated in any "pump
and dump" or other unlawful scheme designed to unlawfully inflate
the company's stock. Jammin expressly repudiates any such
fraudulent conduct and strongly condemns any unlawful activity.
In May 2011, Jammin became aware
that unauthorized internet stock promoters were promoting short
term investments in the company's stock in "stock reports" and on
their websites. As stated in Jammin's May 6, 2011 Form 8-K, Jammin has no knowledge of,
or affiliation with, these stock promoters. As a result,
neither Jammin, nor anyone affiliated with the company, authorized,
paid for or approved any stock report, advertisement or promotion
of the company's stock. Any information regarding Jammin that
is authorized by the company and approved for public distribution
will be issued by Jammin itself through periodic filings with the
SEC and/or through an authorized press release.
In connection with its inquiry, the SEC has asked Jammin to
provide certain information and documents. Jammin has
responded to the SEC's requests and is otherwise fully cooperating
with the SEC inquiry. In addition, pursuant to its own
internal investigation performed by its outside counsel, Jammin has
not found any evidence indicating that anyone associated with
Jammin has been involved in an illegal stock promotion scheme or
any other fraudulent activity.
The Chairman of Jammin's Board of Directors, Rohan Marley, states the following: "Jammin Java
Corp. strongly condemns any activity that runs afoul of the
securities laws and fair and honest dealing. We have fully
cooperated with the SEC investigation and hope to see any
wrongdoers identified and prosecuted to the fullest extent of the
law. We care deeply about our shareholders and will defend
them and the company against any activity that threatens our
reputation and shareholder value. We expect the hard-work of
our team and the quality of our product to be the only catalyst in
the growth of our stock price over time."
About Jammin Java Corp
Jammin Java Corp is a US-based company providing premium roasted
coffee to the grocery, retail, online, service, hospitality, office
coffee service and big box store industry. The company is a fully
reporting company quoted on the OTCBB under the symbol JAMN.
For more information, please visit the company's corporate
website at www.jamminjavacorp.com. For PR contact and sales
inquiries please contact info@marleycoffee.com or call the company
at 323.556.0746. Fax: 323.556.0820.
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@marleycoffee.com
323-556-0746
SOURCE Jammin Java Corp