Del Mar, CA / ACCESSWIRE / October 14, 2014 / American Diversified Holdings Corporation (ADHC) has today announced that it has signed a letter of intent to acquire Savor Coffee, a Long Island, New York based roaster and distributor of specialty coffees to convenience stores and retailers in the New York metropolitan region.
"We are pleased to announce the acquisition of Savor Coffee," said American Diversified CEO Ernest Remo. "It has been a long exhausting search for the right company, which we believe we found in Savor. We did our due diligence on many companies trying to find what would bring the most value to our shareholders. Savor has built a loyal customer base, add in its high growth potential and with Savor's history of profitability we believe will bring value to our shareholders. ADHC will be providing the compliance and financial expertise which will allow Savor to expand beyond its current customer base into a legitimate national presence in the industry. ADHC will be providing more details on Savor and the acquisition over the coming weeks."
About Savor
Savor Coffee founded in 1994 by Mohsin Chowdhury is a full service provider of distinctive tasting coffee, espresso, tea, and beverage products to offices, restaurants and convenience stores across the N.Y., N.J. and Ct. region. Having garnered a reputation for superior tasting coffee and uniquely designed products Savor has built a loyal brand following, with both local and well known national chain customers. Savor's servicing is a one stop solution providing an array of services including designing the store layout, installation, creating distinctive products for each customer, repair and servicing the equipment. Savor is committed to becoming a nationally known brand while strategically growing its business through many channels. while maintaining the extraordinary quality of its coffees and teas.
This press release contains forward looking statements pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include risks and uncertainties that may cause the company's plans to change and are in no way intended to guarantee that the company will be successful in executing its plans. American Diversified Holdings common stock currently trades on the over-the-counter "Pink Sheets" under the symbol ADHC. This press release in no way constitutes any recommendation regarding the securities of ADHC or its affiliates. Any person reading this press release is advised that this release should be considered in the light of all facts and circumstances regarding the business and financial condition and prospects of ADHC, and no inference has been made that this release contains all such information.
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SOURCE: American Diversified Holdings Corp.