Pacific Land and Coffee Corporation Issues Placement Shares at $2.00 per Share
March 31 2008 - 8:59PM
PR Newswire (US)
HONOLULU, March 31 /PRNewswire-FirstCall/ -- Pacific Land and
Coffee Corporation (OTC:PLFF) (BULLETIN BOARD: PLFF) announced
today that it has issued shares in a private placement at $2.00 per
share for $20,000 cash and the conversion of debt of $79,548. The
debt represents amounts advanced by officers and directors plus
accrued interest. Pacific Land and Coffee Corporation operates in
two market segments. Through its Coscina Brothers Coffee
subsidiary, it sells private label coffee to wholesale and retail
accounts nationally and internationally, and brokers green bean
coffee internationally. Its Integrated Coffee Technologies
subsidiary is marketing nematode resistant coffee plants and has
genetically engineered coffee plants under development. These
coffee plants are designed to produced controlled bean ripening for
more efficient harvesting, as well as naturally caffeine-free
beans. Note: Except for the historical information contained
herein, this new release contains forward-looking statements that
involve substantial risks and uncertainties. Among the factors that
could cause actual results or timelines to differ materially are
risks associated with research and clinical development, regulatory
approvals, supply capabilities and reliance on third-party
manufacturers, product commercialization, competition, litigation,
and the other risk factors listed from time to time in reports
filed by Pacific Land and Coffee Corporation with the Securities
and Exchange Commission. The forward-looking statements contained
in this news release represent judgments of the management of
Pacific Land and Coffee Corporation as of the date of this release.
DATASOURCE: Pacific Land and Coffee Corporation CONTACT: Dale
Nielsen, CEO of Pacific Land and Coffee Corporation,
+1-808-371-4266,
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