SeeThruEquity Quarterly Update Highlights Achievements Including $8.25 Million Total Strategic Investment from the Largest Roaster in North America - Mother Parkers Tea & Coffee and Distribution Agreements with Major Supermarket Chains Across the Northeast
New York, NY / ACCESSWIRE / May 22, 2014 / SeeThruEquity, a leading New York City- based independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced that it has issued a quarterly update on Marley Coffee (OTCQB: JAMN) for fiscal Q4 2014.
“Marley Coffee had a solid quarter and year with revenues up 211% YoY to $5.6M,” stated Ajay Tandon, CEO of SeeThruEquity. “We are encouraged by the Company’s signing of multiple distribution agreements with major supermarket chains, as well as the $8.25M strategic investment by Mother Parkers Tea & Coffee, a well-known independent roaster that has consistently delivered results for its clients. We are reaffirming our price target of $0.64 per share.”
Recent highlights for the quarter include the following:
- Authorized grocer locations still increasing. JAMN’s net revenues grew 211% YoY to $5.6M in FY2014. JAMN continues to add distribution partners and grow its retail footprint.
- Brand awareness for Marley steadily growing. JAMN has taken additional steps to increase brand awareness, and has been receiving positive media attention. In February, JAMN launched a new corporate website. JAMN launched seven new products at the company's exhibit during the Natural Products Expo West trade show in Anaheim, CA from March 7 to 9. JAMN has been profiled in the media, as management sat down for interviews with CNN Money and the Business News Network in recent months. JAMN was also featured in an article by Vending MarketWatch.
- Strategic investment from Mother Parkers. On April 30, 2014, JAMN announced that it had entered into a strategic investment transaction with Mother Parkers Tea & Coffee, Inc., for a total of up to $8.25M in funding.
The report is available at: Marley Coffee Update. SeeThruEquity is an approved equity research contributor on Thomson First Call, CapitalIQ, FactSet, and Zack’s.
Please review important disclosures on our website at http://www.seethruequity.com/.
About Jammin Java Corp., d/b/a Marley Coffee Marley Coffee (corporate name Jammin Java Corp.) is a US-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". Learn more at www.MarleyCoffee.com or visit the Investor Relations section at Investor.MarleyCoffee.com.
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About SeeThruEquitySeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and unbiased. We do not conduct any investment banking or commission based business. We are approved to contribute our research to Thomson Reuters One (First Call), CapitalIQ, FactSet, Zacks and distribute our research to our database of opt-in investors. We also contribute our estimates to Thomson Estimates, the leading estimates platform on Wall Street.
For more information visit http://www.seethruequity.com/.
Ajay TandonSeeThruEquity(646) 495-0939