SOURCE: Baristas Coffee Company, Inc.

Baristas Coffee Company, Inc.

December 03, 2015 06:22 ET

Baristas Completes Securities and Exchange Commission's Review of Registration Statement Form 10

SEATTLE, WA--(Marketwired - Dec 3, 2015) - Baristas Coffee Company, Inc. (OTCQB: BCCI), "Seattle's World Famous Costume Coffee" announced that today it has received notification from The United States Securities And Exchange Commission (SEC) that it has completed the review of its filing of its Registration Statement on Form 10. The Registration Statement was originally filed on July 22nd, 2014 and became effective October 2014. Since that period the Company has been provided and answered any and all comments, concerns, and clarifications requested during the comment period. Baristas has now received notification from the SEC that their review process has been completed and that the registration statement will remain effective.

CEO Barry Henthorn commented: "We are very proud of the entire team at Baristas including our compliance team and advisors. Baristas continues to complete one requirement after another in an attempt to provide full transparency and accuracy of information to our shareholders and governing authorities. The successful completion of this process is another significant milestone towards Baristas becoming listed on the NASDAQ Capital Markets. We have a clear plan to meet or exceed all remaining requirements and will continue to move the Company towards being listed on a senior exchange."

Baristas has had a remarkable year to date and has accomplished several significant milestones that will allow the Company to further its growth and complete its listing on the NASDAQ Capital Markets. Most notably Baristas has completed audited financials, filed and gone effective with a registration statement with the SEC, and moved from a non-reporting Company trading on the Pink Sheets to a fully reporting Company that is now traded on the OTCQB. Baristas has also complied with virtually all corporate governance requirements recently establishing an independent board of directors and audit committee in preparation for up listing to the NASDAQ Capital Market. The Company has also established an infrastructure capable of meeting the increased reporting requirements associated with being traded on a senior exchange.

Baristas has identified a select group of acquisition targets ranging from single locations to multi-unit systems that it is now in a position to move forward with. Baristas is also considering acquiring complementary business that will assist in aiding the supply chain such as regional roasters and other established retail brands and distribution systems.

About Baristas Coffee Company (BCCI): Headquartered in the Seattle, Washington area, Baristas Coffee Company, Inc. was formed to create a national brand of drive-thru espresso stands. BCCI is accomplishing this by acquiring established businesses that fit its model, opening new locations, and by franchising. Baristas has separated itself from the competition with its "theme" of joining attractive female baristas in entertaining costumes preparing the finest beverages available on the market. Baristas also now offers single serve Espresso Roast and White Coffee compatible with the Keurig 2.0 and other brewing systems for retail distribution. Baristas can currently be found in five greater Seattle area locations as well as in Florida, and Montana. Your state, Coming Soon!

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Contact Information

    For Investor Relations Contact:
    Barry Henthorn