DENVER--(BUSINESS WIRE)--Marley Coffee (OTCQB: JAMN), the sustainably grown, ethically farmed and artisan-roasted premium coffee company, today announced its expansion into two popular foodservice chains in Chile – Castaño, one of the country’s largest coffee chains, and Subway® sandwich stores as well as several grocery chains.
Beginning in summer 2015, the expected volume of Marley Coffee distributed to over 80 Castaño locations across the country is 132,000 pounds on an annual basis. Following an agreement signed in December 2014, Marley Coffee is also now officially available in 44 Subway locations in the region. By the end of 2015, it is expected that the brand will be served in 53 Subway stores nationwide with the potential to expand into other countries.
“Chile is a great example of the ideal partner we seek out for our international expansion,” said Rohan Marley, Chairman and Founder of Marley Coffee. “They understand our brand, and not only do they know how to take us to market, but we have high confidence their efforts can be replicated throughout South America.”
Marley Coffee has also gained new distribution in several major grocery retailers across Chile. The company just added Wal-Mart Stores, Inc. with over 30 locations confirmed to carry three SKUs of 8oz bagged coffee. With goals to expand to an additional 120 stores within the next six months, Wal-Mart signifies an important retail distribution gain in Chile. The company also recently gained distribution in 100 Unimarc stores and 50 Tottus supermarkets, two of Chile’s biggest grocery retail chains.
In an effort to support overall awareness, the company has also announced it will be available via branded Bike Cafes and coffee vans in five different cities throughout Chile, offering unique experiences to residents.
As one of the brand’s leading international partners, Chile’s sales of Marley Coffee have soared since its original introduction in 2012. Through efforts including sponsorships of surf competitions and music festivals such as Lollapalooza, in just three short years, the brand has secured over 350 accounts including boutiques, grocery retail and large restaurant chains.
About Jammin Java Corp., d/b/a Marley Coffee
Marley Coffee (corporate name Jammin Java Corp.) is a U.S.-based company that provides premium, artisan roasted coffee to the grocery, retail, online, service, hospitality, office coffee service and big box store industry. Under its exclusive licensing agreement with 56 Hope Road, the company continues to develop its coffee lines under the Marley Coffee brand. The company is a fully reporting company quoted on the OTCQB under the symbol "JAMN." For additional information, follow Marley Coffee on Facebook, Twitter and visit MarleyCoffee.com or visit the Investor Relations section at Investor.MarleyCoffee.com.
Forward-Looking Statement
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Acts"). In particular, the words "believe," "may," "could," "should," "expect," "anticipate," "estimate," "project," "propose," "plan," "intend," and similar conditional words and expressions are intended to identify forward-looking statements and are subject to the safe harbor created by these Acts. Any statements made in this news release about an action, event or development, are forward-looking statements. Such forward looking statements include, but are not limited to our preliminary anticipated results of operations and balance sheet totals for the three months and year ended January 31, 2015, and as of January 31, 2015, which remain subject to review, audit and revision by our independent auditors. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. These risks and others are included from time to time in documents we file with the Securities and Exchange Commission ("SEC"), including but not limited to, our Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on our future results. Accordingly, you should not place undue reliance on these forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties that are not paid by the company. The company's SEC filings are available at http://www.sec.gov.
