BARRANQUILLA, COLOMBIA--(Marketwired - Jan 14, 2014) - New Colombia Resources, Inc. (OTCQB: NEWC) ("New Colombia or the Company") announces they have closed the acquisition of Café Tolima Don Diego, LLC (Café Tolima) from Diego Guarnizo. The Company made this acquisition to distribute USDA Certified Organic Coffee in Colombia, North America, Europe, and China. This acquisition is in line with the company's corporate objective of taking advantage of resource opportunities in the Republic of Colombia.
Café Tolima Don Diego is in contact with supermarket chains, airlines, and wholesale clubs in the U.S. and Colombia. New Colombia Resources will establish a sales office in Colombia to handle domestic and international sales. To learn how Café Tolima Don Diego organic coffee is produced visit http://media.wix.com/ugd//b6785b_8282f09d5dd52fb415187cd4a882c03a.pdf
Café Tolima will work with celebrities to help promote their organic coffee, especially to the health conscience Hispanic market in the U.S., the fastest growing segment of the U.S. population. Café Tolima will also export chocolate covered gourmet coffee beans and other coffee candies for distribution in convenience stores and retail outlets. The company plans to coin the term "Don Diego" as the pop culture name of chocolate covered coffee beans. They will promote these tasty snacks as a healthier alternative to sugary energy drinks. Studies have shown that moderate amounts of chocolate and coffee improves energy metabolism, may lower blood pressure, and decreases the risk of cardiovascular disease.
Diego Guarnizo will stay on as President of the wholly owned subsidiary. Mr. Guarnizo has consolidated the coffee growers in the Tolima Department of Colombia to supply the Company with the highest quality organic and specialty coffees. Most coffee, especially from the Southern growing area of Tolima, comes from small family farms that hand pick and process their coffee with pride resulting in an exceptional coffee with sugar cane sweetness, floral hints, and traces of tropical fruits that are grown in the area.
New Colombia Resources is in advanced negotiations to acquire the majority shares in a fully reporting publicly traded company for the purpose of spinning out Café Tolima Don Diego, LLC into its own public entity. New Colombia will issue a dividend in these shares to existing shareholders on the date of record to be announced. The company will keep shareholders updated accordingly.
"Diego and I have worked very hard the past few months to consolidate coffee growers in Tolima. Diego's ties to that community have helped us establish a supply network of family farms willing to grow with us. We are very happy with the warm reception we've received from the local business community," stated John Campo, President of New Colombia Resources.
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About New Colombia Resources, Inc.
New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. They expect to have three revenue producing businesses; metallurgical coal mining, African palm distribution, and traditional and organic coffees. They own 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 MM tonnes of reserves. They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession. They are planting 2000 African palm trees for the production of bio-diesel in Colombia and they are acquiring an organic coffee company. Once the necessary financing is obtained, the Company plans to have additional revenue producing business units in Colombia: coal mining, coking oven facilities, docks, river, and rail transportation to export terminals in Colombia. The Company is also exploring allegiances with U.S. and Colombian universities to study capturing Coal Bed Methane (CBM) in Colombia. For more information on the Company visit www.newcolombiaresources.com.
Transportation, Logistics and Other Information
New Colombia Resources intends to sell their coal at the mine's gate unless they enter into off-take agreements. At the right time, the Company plans to build or acquire river or rail loading facilities on the Magdalena River close to their mines. The coal will be trucked to these distribution centers, and then barged via the Magdalena River or by rail to terminals in Barranquilla, Santa Marta, or Cartagena for export. Initially they will use existing logistics providers while their transportation projects are being developed. After the rail projects and the "Road to the Sun" project are completed, New Colombia Resources will have one of a few metallurgical coal mines in the World with river, rail, and road access to coal export terminals on both the Atlantic and Pacific Oceans.
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include financing, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations. New Colombia Resources, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.