Marley Coffee (OTCQB: JAMN), (www.marleycoffee.com), a sustainably grown, ethically farmed and artisan roasted gourmet coffee company, announced today that they've signed a letter of intent to acquire the assets of Black Rock Beverage Services (BRB), a boutique coffee and food service provider, servicing the greater Denver market. Alongside the equipment and truck in the deal, Marley Coffee will also absorb BRB's employees. The purchase is part of a larger national strategy that the company is initially rolling out in their new hometown.
"I've been working with the Marley Coffee brand for the past 8 months," said Jeff Krumtum owner of BRB. "Since adding Marley Coffee to our OCS and Food Service portfolio, I've been able to grow quickly and their brand has been an integral part of our sales strategy."
"I met Jeff and his partner recently at NAMA and saw his passion for our brand," said Rohan Marley, Founder and Chairman of Marley Coffee. "I asked him if he was willing to join our movement and help us replicate what he has been done on a national level."
"Buying BRB makes sense both from a strategic and PnL perspective," said Brent Toevs, CEO of Marley Coffee. "I have a passion for this part of the coffee industry and I believe the addition of BRB to our team and business will have a meaningful impact on our growth locally here in Denver. We are actively establishing and pursuing this model in other major metropolitan cities across North America where we have strong retail distribution. We're starting to get into all of the major national grocery stores like Kroger's and Safeway and we believe building up the coffee route channel will have a significant impact on our retail grocery business."
Companies interested in talking to Marley Coffee about partnerships or even acquisitions, call the company, please contact firstname.lastname@example.org, visit the company website at www.marleycoffee.com, or call the company at 323-556-0746.
About Jammin Java Corp., d/b/a Marley Coffee
Marley Coffee (corporate name Jammin Java Corp.) is a US-based company that provides premium, artisan roasted coffee to the grocery, retail, online, service, hospitality, office coffee service and big box store industry. Under its exclusive licensing agreement with 56 Hope Road, the Company continues to develop its coffee lines under the Marley Coffee brand. The Company is a fully reporting company quoted on the OTCQB under the symbol "JAMN". Learn more at www.MarleyCoffee.com or visit the corporate website at www.JamminJavaCorp.com. Join us on Facebook at http://www.facebook.com/MarleyCoffee or follow us on Twitter at http://twitter.com/marleycoffee, where we post information that's material and non-material about the Company.
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, our 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.
SOURCE Jammin Java Corp.
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