Pacific Land and Coffee Corporation Announces Acquisition of Coscina Brothers Coffee for 1100% Increase in Revenue
The acquisition of Coscina Brothers Coffee increases Pacific Land's customer base and adds the Coscina Brothers Coffee brand of custom roasted coffees to the Corporation's list of products.
08/12/06 Pacific Land and Coffee Corporation announced that it has acquired Coscina Brothers Coffee, its principal supplier. The acquisition was effected as a contribution to capital by Coscina Brothers' owner, who is also a shareholder, officer and director. The acquisition increases Pacific Land's annual revenues by more than eleven fold. In the year ended December 31, 2005, Coscina Brothers Coffee had sales of $359,870 compared to the $32,366 for the sales of Pacific Land for the year ended March 31, 2006.
Pacific Land and Coffee Corporation sells private label coffee to wholesale and retail accounts nationally and internationally, and brokers green bean coffee internationally. The acquisition of Coscina Brothers Coffee increases Pacific Land's customer base and adds the Coscina Brothers Coffee brand of custom roasted coffees to the Corporation's list of products. Coscina Brothers has an exclusive contract with Dole foods to roast and package the coffee from Waialua, Oahu, Hawaii.
