There are 27 million shares outstanding
company website at www.coffeepacifica.com if you have some time I strongly recommend you watch the movie there about the Papua New Guinea 2005 Coffee Competition. It is a compelling video as tells about how Coffee Pacifica Inc. has worked with cooperatives so that the small coffee grower can get a better price and actually have stock in the company. Coffee Pacifica Inc. works in Papua New Guinea with PNG Coffee Growers Federation Ltd. as a strategic partner and PNG is a shareholder in Coffee Pacifica Inc. In turn the PNG Coffee Growers Federation Ltd shareholders are 179 individual independent coffee grower co-operatives in 11 of the 13 coffee growing provinces in Papua New Guinea. This represents approximately 120,000 plus individual coffee farmers involved in producing co-operative coffee.
In the last year ended in December the sales were $2.6 million up from $749,000 the year before but they posted a loss for the year so this year will be their first profitable year.
The addition of the Jamaican Blue Mountain coffees is going to help tremendously as this is such a popular brand and the company now controls 30% of the world's supply of Jamaican Blue Mountain green coffee beans and is working to increase that to 50% in the next two years. In Jamaica Coffee Pacifica Inc. is working with the 3,000 co-operative farmers who represent approximately 30% of the 'Jamaica Blue Mountain' green bean annual production. This is the Blue Mountain Coffee Co-Operative Society Ltd ("BMCC") of Jamaica.
Coffee is the world’s first or second most traded commodity. Over 400 billion cups are consumed every year. Coffee Pacifica's wholly owned subsidiary, Uncommon Grounds Inc., established in 1984, is a coffee roasting and wholesale company based in Berkeley, California. Visit their website at www.uncommongrounds.net. We also hear the the company has recently or is about to buy additional roasting facilities and is in negotiation with a major world coffee buyer. The margins on roasted coffee are as high as 60%.
So some bullet points.
The only public company whose farmers are shareholders supplying premium green beans to the growing coffee market.
Produces now 2% of the world's supply of green been coffee - does not include the new Blue Mountain distribution.
Became public in July 2004 with 305 farmers and now has over 120,000 in Papua New Guinea.
Good company policy in helping improve the lifestyle of the farmers with increased earnings plus education in sustainable and environmentally sound farming practices.
Elimination of middle man and this means improved prices for farmers and greater margins for shareholders.
Austin E. Hill is special advisor to company and the former CEO of Hill's Brothers Coffee.
Plans to move to AMEX when qualified.
The business plan they have with setting up coops can be duplicated in any coffee producing country as they now have the track record and experience.
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