PREACHERS COFFEE Published on "Threshold Security List," Engages US GAAP Specialist, and Seeks Acquisition of Independent Chains
April 28 2008 - 3:19PM
Marketwired
TAMPA, FL (PINKSHEETS: PRCFP)
PREACHERS COFFEE, INC. (Symbols: PRCF and PRCFP) is now one of
less than 100 companies traded on the Pink Sheets to appear on the
current "Threshold Security List." PRCF has appeared on the list
for the past 3 consecutive business days. Ref:
http://www.nasdaqtrader.com/Trader.aspx?id=RegSHOThreshold and
http://www.finra.org/RulesRegulation/NoticestoMembers/2006NoticestoMembers/P016719
The company announced today that it has engaged a qualified
accounting firm, specializing in preparing financial statements
suitable to meet the Pink Sheets' qualification for the "current"
status, and as a step towards audited statements for future listing
in a more transparent market.
Nestor C. Buenaflor, CEO, said that "The company's main
attention and focus right now is to continue to steer Preachers
Coffee in the direction of expansion by increasing revenue from our
Wholesale-Retail Divisions and through Franchise expansion by means
of acquisitions."
About Preachers Coffee:
Preachers Coffee is a grower of Arabica coffee plants and
sources pure 100% organic Arabica beans from the fresh clear
mountain highlands of the Philippines.
The Preachers Coffee brand has been extremely well received by
international coffee connoisseurs.
The company supplies various establishments around the world
like restaurants, coffee shops, grocery stores, and most notably in
recent times, the King of Thailand. The company supplies green
beans as well as roasted ground and whole beans packaged in gold
foil packs either wholesale or retail to anywhere in the world.
Preachers Coffee is actively seeking distributors and retailers
from all parts of the world. Preachers Coffee is offering store
Franchises to select countries on a limited basis.
During the 5th Asian Coffee & Tea Festival in 2008,
Preachers Coffee was also presented with an award by the Princess
of Thailand on behalf of the Thailand Department of
Agriculture.
Consumers of Preachers Coffee have likened the drinking of the
brand to be a "Spiritual Experience?."
Preachers Coffee (PINKSHEETS: PRCF) (PINKSHEETS: PRCFP)
currently has 44,611,097 common shares issued and outstanding of
which 17,645,559 shares are in the float.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995 This information contains forward-looking
statements that involve risks and uncertainties. These statements
are forward-looking statements that are made pursuant to safe
harbor provision of the Private Securities Litigation Reform Act of
1995. Actual results, events and performance could vary materially
from those contemplated by these forward-looking statements. These
statements involve known and unknown risks and uncertainties, which
may cause Preachers Coffee, Inc.'s actual results in future periods
to differ materially from results expressed or implied by
forward-looking statements. These risks and uncertainties include,
among other things, development costs and risks, product demand and
market competition. You should independently investigate and fully
understand all risks before making investment decisions.
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Contact: INVESTOR RELATIONS E-mail:
investor.relations@preacherscoffee.com
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