ATLANTA, Nov. 27, 2006 (PRIME NEWSWIRE) -- On November 14, 2006, Coffee Pacifica (OTCBB:CFPC) released third quarter results for the period ending September 30, 2006.
-- Revenue for the nine month period increased to $2,088,810.00 from
$14,724.00 for the same nine month period in 2005.
-- Gross profit for the three months to September 30, 2006 was 40%,
and for nine months to September 30, 2006 was approximately 36%.
-- Coffee Pacifica is cash-flow positive and has no long term debt.
-- The only public Company in the coffee industry whose sole supply
is co-operative based coffee supplied by its farmer shareholders.
-- First to market with a unique business model, managing the supply
chain from tree to cup.
A recent audio interview with Coffee Pacifica Chief Executive Officer, Terry Klassen, by business radio personality Jordan Kimmel can be heard at http://www.otcstockreview.com/Files/CFPC/kimmel_klassen_110906.mp3
Truly a socially responsible company, Coffee Pacifica provides the coffee farmers of Papua New Guinea an opportunity to participate in U.S. equity markets while bringing the first women into the growers' cooperatives, enabling them to retain their own earnings. This win-win situation helps a developing country, like Papua New Guinea, become more self-sufficient while allowing CFPC to own the supply chain. The farmers who grow the coffee make up the Papua New Guinea Coffee Growers Federation (PNGCGF), a strategic partner and major shareholder in Coffee Pacifica, which processes, grades and markets it worldwide through Coffee Pacifica. Since the small farmer is the producer, CFPC's "tree to cup" strategy positions them to be the supply chain from PNG by making farmers shareholders. PNG's coffee farmers are paid a premium price for their coffee, enabling them to sustain their farms and the environment and provide a better standard of living for themselves and an education for their children.
Companies that make positive contributions to the environment and their shareholders are also among Wall Street's top performers. Investments using at least one social investment strategy have grown from $40 billion in 1984 to over $2 trillion today. Green Mountain Coffee Roasters (Nasdaq:GMCR), considered socially responsible, supports the Rainforest Alliance and lets employees take paid time off to volunteer in their community. Shares of GMCR have increased in value from $3.50 a share on July 31, 1999 to $40.60 on Dec. 31, 2005.
CFPC has established a "Coffee Growers Welfare Fund" designed to provide specific medical coverage for the female coffee farmers who are members of the PNG Coffee Growers Federation Ltd. The women farmers have access to prenatal and postnatal hospital medical care. The main objective of the Fund is to reduce the number of prenatal and postnatal deaths. The administrator of the Fund is PNG Coffee Growers Federation Ltd. Additional details on the Fund's implementation and direct benefits, to be derived by the members of Papua New Guinea coffee farmers, will be made available on Coffee Pacifica's website.
Consistent with their plan to become a vertically integrated "tree to cup" coffee company, CFPC acquired San Francisco-based coffee roaster, Uncommon Grounds, Inc. (Est. 1984)
This acquisition opens up opportunities in the lucrative specialty coffee market and allows CFPC to market Arabica coffee beans in new roasts and blends. If you would like to purchase gourmet coffee from Uncommon Grounds you can call the toll free number 800-600-5282 (800-600-JAVA) and use the code L3G281. You will receive a 25% discount from regular price on all coffee on the site. Shipping costs are paid by Uncommon Grounds on orders of 4 pounds or more, within the continental U.S. Any orders 3 pounds or less, the buyer pays for their own shipping. Varieties and selections can be viewed at http://www.uncommongrounds.net.
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