TAMPA, FL–(Marketwire – April 28, 2008) – PREACHERS COFFEE, INC. (PINKSHEETS: PRCF) (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.