SOURCE: Baristas Coffee Company, Inc.

 Baristas Coffee Company, Inc.

December 16, 2015 06:22 ET

Baristas Financials Show Sharp Rise in Stockholders Equity -- Market Capitalization More Than Doubles

SEATTLE, WA--(Marketwired - Dec 16, 2015) - Baristas Coffee Company, Inc. (OTCQB: BCCI), "Seattle's World Famous Costume Coffee," announced today that it has filed Form 10 Q. According to the filed financials, the Stockholders' Total Equity rose sharply from ($7,036) on December 31, 2014 to $1,423,764, for the period ending September 30, 2015. As of September 30, 2015, the Company's market capitalization was reported as $2,380,794,992. Since that time the Company's market capitalization has risen more than two and a half times increasing to $5,717,780 at the time of filing. The vast majority of the Company's net loss was attributed to an impairment loss to the Marketable Securities (RLTR) which had dropped in value from the time the asset had been booked. The Impairment was a onetime loss recognized in the quarter and will not be reflected other than historically in the future. The Company also reported that it was able to satisfy over $2,000,000 dollars of accrued debt while reducing Direct Cost, Compensation, General and Administrative Cost, Professional Expenses, as well as Depreciation and Amortization leading to a reduction of the Total Operating Expenses.

Barry Henthorn -- CEO commented; "We have been focusing on increasing the Stockholders Equity and overall value of the company. Baristas has made very strong progress towards meeting the listing requirements of the NASDAQ Capital Market along with streamlining our operations and reducing our Total Operating Expenses. We anticipate that the processes and efficiencies that have been implemented will continue to increase our bottom line allowing the Company to further its' objectives."

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 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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