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Coffee Pacifica to Exhibit At Tea & Coffee World Cup in Shanghai, China
Coffee Pacifica, Inc. announced today that it will participate in the 2006 Tea & Coffee World Cup Exhibition & Symposium in Shanghai, China, September 26-28, 2006. Coffee Pacifica and its farmer-shareholders will be at booth 423 to showcase their premium quality Papua New Guinea green and roasted coffee beans. The show attracts industry-leading growers, exporters, importers, coffee roasters and equipment manufacturers. The exhibition is an ideal venue to explore new business opportunities and joint ventures. Mr. Jon Yogiyo, Vice Chairman of Coffee Pacifica and Chairman of PNG Coffee Growers Federation Ltd., stated that: "we intend to establish long term supply relationships for our green beans in the lucrative Chinese gourmet coffee market. Additionally, we will be presenting to the potential customers from around the world our "Growers Direct" strategy and educating them on how we are assisting the farmers in improving their quality of life, sustain farms, the environment, and educate their children."
Coffee Pacifica, Inc. is a distributor and a marketer in the United States, Canada and Europe of the green bean coffee grown in Papua New Guinea. Green bean coffee in Papua New Guinea is grown by Coffee Pacifica's shareholder-farmers in the Highland region's rich volcanic soils between the altitudes of 4,000 and 6,000 feet above sea level. Papua New Guinea exports approximately 2% of the annual world green bean production. Papua New Guinea coffee is well regarded by consumers for its uniqueness, consistency and special flavor characteristics. Coffee Pacifica's wholly owned subsidiary, Uncommon Grounds Inc., established in 1984, is a coffee roasting and wholesale company based in Berkeley, California.
PNG Coffee Growers Federation Ltd. ("PNGCGF") is our strategic partner and a major shareholder. PNGCGF's shareholders are 179 individual independent coffee grower co-operatives in 11 of the 13 coffee growing provinces in Papua New Guinea. This represents approximately 120,000 plus individual coffee farmers involved in producing co-operative coffee. The high quality premium-grade coffee produced by the co-operatives are pooled and marketed by Coffee Pacifica. In PNG approximately 86% of the exported coffee is annually produced by the small independent coffee growers.
Except for the historical matters contained herein, statements in this press release contain "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements involve risks and uncertainties which may affect the Company's current and future business and prospects. Actual results could differ materially, as a result of various risk factors including but not limited to such as:
1) competition in the markets for the Company's coffee;
2) the ability of the Company to execute its plans; and
3) other factors detailed in the Company's public filings with the SEC.
By making these forward-looking statements, the Company can give no assurances that transactions described in this press release will be successfully completed, and undertakes no obligation to update these statements for revisions or changes after the date of this press release. This release should be read in conjunction with our Annual Report on Form 10-KSB and our other filings with the SEC through the date of this release, which identifies important factors that could affect the forward-looking statements in this release. In addition, factors that could cause actual results to differ materially from those contemplated in the statements include, without limitation, overall economic conditions, and other risks associated generally with green bean coffee business. These forward-looking statements are not guarantees of future performance.
businesswire.com
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