SOURCE: Bona Coffee Holdings Corp.

February 11, 2010 09:53 ET

BoNa Coffee Holdings Corp. Announces Release of Its Updated Financial Statement for Fiscal Year 2008-2009

NEW YORK, NY--(Marketwire - February 11, 2010) - BoNa Coffee Holdings Corp. (PINKSHEETS: BCHC) announces that the Company's Philippine operations achieved record revenues and earnings for 2009. The Company, which began operations late in 2006, had 2009 Php 17,463,543.50 revenues ($379,642.25 U.S.), vs. 2008 revenues of Php 11,578,700 ($241,223.26 U.S.), an increase of nearly 135%. Net 2009 pre-tax earnings were Php 17,373,061.50 ($377,675.25 U.S.) vs. Php 8,677,114 ($180,773.21 U.S.) in 2008, an increase of 109%. Having had just one location in 2007, the Company has added three more major locations strategically positioned in areas all throughout Metro Manila and has established over 24 contractual satellite locations.

Jose Luis Gonzalez, BCHC's CEO, stated, "We are pleased that our company progressed more than initially planned and is continuously innovating effective marketing despite the difficulties we have experienced the previous year. Our company continued to be aggressive in pushing forward potential income-generating possibilities for the advancement of our coffee subsidiary, BoNa Coffee Company, and its ancillary merchandise, beginning with its potential expansion in the United States via a possible Joint Venture or Acquisition that our management is currently negotiating with a health Juice Chain based in Chicago, Illinois. In line with these planned changes, BCHC expects its revenues to increase more than 300%."

Mr. Gonzalez also adds that the company is currently gearing up its online merchandising to cater to worldwide markets as a faster and more profitable means of transaction.

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BoNa Coffee Holdings Corporation is a diversified holdings company incorporated in the state of New York.

Our acquisitions include BoNa Coffee Company, a gourmet coffeehouse brand; Bohemian Nation Trading Corporation, an import/export furniture and jewelry retail company; Serenity Land Development and Property Management Corporation; and Ayurveda Medical Spa and Wellness Corp., operators of Sujiivana Salon and Sujiivana Day Surgery and Spa.

BoNa Coffee Holdings Corp. (, incorporated in the Philippines, is a holding company whose businesses consist of the BoNa Coffee Shops, furniture and jewelry stores, real estate, a casual wear clothing line, and a spa in Manila, Philippines. The home office of BoNa Coffee Holdings Corp. is Unit H, PSCOR Building, Elizalde Street, BF Commercial Plaza, Paranaque City, 1720 Philippines.

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