USA: United Trading.com Enters E-Commerce Premium Specialty Coffee Market
Owned and operated to U.S. standards by Micheal Pierpoint, Cafe el Sol will expedite the introduction and development of United Trading's private label "Premium Java" to the World Wide Web at the company Web site www.premiumjava.com.
Commenting on the new relationship with Cafe el Sol, United Trading Latin American Director Jeff Fisher said: "After extensive investigation into the export coffee market of Costa Rica, we are excited by our first entry into the world's second largest commodity market, the 20 billion annual sales coffee industry.
"This affiliation with a premier roaster who understands the complexities of the ever increasing specialty coffee business will help United Trading.com establish a reputation for excellent products at a great price, and with profitability for our shareholders. This will also serve as a springboard for future entry into the wholesale coffee market.
"By working directly with premium coffee growers and roasters in Costa Rica, the company plans to increase the value added content in the country of origin."
The gourmet/specialty coffee business is the fastest growing sector of the coffee market, increasing more than 350% since 1989, with annual sales exceeding $5 billion in 1999 in North America alone according to the Specialty Coffee Association. The company is projecting revenues from premiumjava.com of $400,000 for the calendar year 2000 and $2 million for the calendar year 2001.
The company plans to concentrate on the high-end market niches of the special coffee market by offering exclusive "estate brand coffees."
Just as wine lovers revere the best vintages and are more than willing to pay top dollars for bottles from exclusive chateaux, estate coffee is considered to be the next step in the specialty coffee market according to the New York-based Tea and Coffee Trade Journal.
Premium Java will initially offer 10 varieties of Private Estate arabica SHB (strictly hard bean) coffees from world-renowned coffee growing areas of Costa Rica, "from farms blessed with the perfect combination of rich volcanic soil, high altitude, a little humidity and fog, kissed by the warm tropical sun."
Costa Rica's second largest exported commodity is coffee and as stated by expert coffee reviewer Kenneth Davies "carries an international reputation as a classically complete full bodied coffee, with robust richness and alluring aroma." Premiumjava.com will also offer the increasingly popular flavored coffees; beginning with the four top selling flavors including hazelnut and French vanilla.
United Trading.com is specializing in international B2B and B2C e-commerce, with emphasis on high profit/high potential market niches with physical presence in Costa Rica (Latin America portal), Cook Islands (Asia Portal) and Liechtenstein (Europe, Middle East & Africa portal).
The e-commerce worldwide market is estimated by International Data Corp. (IDC) to be $500 billion in 1999 growing to more than $2 trillion in the year 2003.
The company recently announced preliminary unaudited financial results for the 45-day period ending Aug. 15, 2000, showing pre-tax profits of $750,000 (Business Wire Aug. 16, 2000).
To learn more about United Trading.com see www.506funding.com/uttd.html or contact Summa Capital at 877/370-4318.
This statement includes projections of future results and "forward-looking statements" as the term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations are disclosed in this statement, including, without limitation, in conjunction with those forward-looking statements contained in this statement. The company disclaims any obligation to update forward-looking statements.
- Will Tequila Learn from Scotch Whisky's Mistakes?
- Comment - Beer - Does 'Craft' Work?
- Solving the diet drinks dilemma in the US
- SABMiller, Meantime Brewing say goodbye to 'craft'
- Comment - How to Target Cognac's Mok Generation?
- Whyte & Mackay takes on Flor de Caña in UK
- Diageo opens Johnnie Walker House in Singapore
- Emperador overhauls Whyte & Mackay labels
- SPI Group US, Canada sales chief departs
- Soaring Prosecco sales good for Champagne
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Global rum insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Diageo plc (DGE) - Financial and Strategic SWOT Analysis Review
- Beam Suntory Inc. - Strategy and SWOT Report