SOURCE: Javalution Coffee Company

Javalution Coffee Company

March 18, 2011 08:00 ET

Javalution (JCOF.PK) Releases 4th Qtr. 2010 Financials; Sales and Gross Profits Soar, Losses Narrow

MIAMI, FL--(Marketwire - March 18, 2011) - JCOF - Javalution Coffee Company, (PINKSHEETS: JCOF), a fully vertical coffee roasting and distribution company, owner of the Direct Marketing Brand JavaFit, and the retail brand, Café La Rica, as well as the category creator of functional gourmet coffee, announced consolidated 4th quarter 2010 financial results. The 4th Quarter financials and the 2010 year ending financial results are posted for review on Pink 

The company disclosed 4th Quarter ending revenue of $1,126,109 for the period ending December 31, 2010. This represents a 36% increase over the same period in 2009. Consolidated Gross Profits for the period were $166,335 representing a 538% increase over the same period 2009. Consolidated Net loss for the 4th Quarter 2010 were ($471,418) versus a Net loss for the same period in 2009 of ($2,311,994) representing an 80% improvement for the comparable period. 

Dave Briskie, CEO for Javalution, stated, "We experienced a 65% revenue increase on the roasting side of our company on the strength of expansion within our cruise line business. New cruise line contracts began producing revenue last November and this contributed greatly to our strong finish in 2010." Briskie continued, "We are pleased to record sales in excess of 1 million dollars in the 4th quarter and stated that the company expected to deliver record sales in the first quarter 2011. Our primary objective is to deliver profits and we will work tirelessly to meet that objective in 2011."

Contact Information