 |
| | Business Summary: Growers Direct Coffee Company, Inc., through its subsidiaries, markets and distributes green bean coffee grown in Papua New Guinea, Jamaica, and Ethiopia. It sells its coffee beans directly to coffee roaster retailers, commercial roasters, coffee brokers, and gourmet roasters and retailers. | | | Address
2813 7th Street
Berkeley
, CA 79110
Phone: 510-204-9424
Website: http://www.growersdirectcoffee.com
| | Auditor |
|---|
Williams & Webster
Spokane | | Transfer Agent |
|---|
Integrity Stock Transfer & Registrar
| Employees: 15
ShareHolders: 3000 | Founded: 2001
Domicile: Nevada | | | |
| | Growers Direct Coffee Company, Inc., through its subsidiaries, markets and distributes green bean coffee grown in Papua New Guinea, Jamaica, and Ethiopia. It sells its coffee beans directly to coffee roaster retailers, commercial roasters, coffee brokers, and gourmet roasters and retailers. The company also offers Uncommon Grounds brand of roasted coffee, tea, and cafe supplies and equipment to coffee shops, restaurants, and directly to consumers. It offers its products in the United States, Canada, and Europe. Growers Direct Coffee Company has a strategic partnership with PNG Coffee Growers Federation, Ltd. The company was founded in 2001. It was formerly known as Coffee Pacifica, Inc. and changed its name to Growers Direct Coffee Company, Inc. in 2007. The company is based in Berkeley, California. | | History: INCORPORATED in Nevada Dec. 21, 2001. Name changed from Coffee Pacifica, Inc. to Growers Direct Coffee Company, Inc. Nov. 27, 2007. | | | | Subsidiaries: |
|---|
Coffee Pacifica PNG Ltd.
New Guinea Peaberry Coffee, Inc.
Uncommon Grounds, Inc.
| | | | | | | | | |
|
Management
|
|---|
| Officers | Position |
|---|
| Mick Rynning | President & Chief Executive Officer | | Nepal Kanti Muhuri | Chief Financial Officer |
| | Directors |
|---|
| J. D. Douthitt | | Nepal Kanti Muhuri | | Mick Rynning | | | |
| | | | Capitalization as of 03/31/2008: | | | | | Authorized Shares | Outstanding Shares |
|---|
| Preferred $0.001 par | 100,000,000 | None | | Common $0.001 par | 75,000,000 | 35,013,992 |
| | | | LONG TERM DEBT: $1,961,487. | | | | Common $0.001 par | | | | COMMON OFFERED: July 28, 2003, the company offered 2,050,916 Common shares (incl. 1,050,916 for stockholders) at $1.00 per share in a self-underwritten offering-- 101,372 shares sold by the company. | | | |
Stockholders:
04/28/2008,
3000.
| | PRINCIPAL STOCKHOLDERS: December 31, 2007, Shailen Singh owned or controlled 10.3% of the Common, and Jon Yogiyo 7.9%. | | | |
Transfer Agent: Integrity Stock Transfer & Registrar
Las Vegas
, NV | | | | OTC Bulletin Board( Primary): GWDC | | | | Exchange | Year | High | Low |
|---|
| OTC Bulletin Board | 2007 | 2.3200 | 0.4400 | | OTC Bulletin Board | 2006 | 2.5900 | 0.6200 | | OTC Bulletin Board | 2005 | 3.5200 | 1.4100 | | OTC Bulletin Board | 2004 | 1.0100 | 0.1000 |
|
| | | | DIVIDENDS: Common $0.001 par: No cash.
Common $0.001 par was split 5-for-4, ex-Mar. 2, 2006. | | | | | |
| | Annual Report |
|---|
| | | Income Statement | |
| 2007 | 2006 |
|---|
| Net sales | 2,342 | 2,612 | | Cost & exps. | 11,183 | 11,142 | | Financing exps. | 436 | -- | | Liquidated penalty | 188 | -- | | Income tax | 2 | 1 | | Amortization of warrants | 789 | -- | | Net income | (10,254) | (8,531) | | Share earns. basic | ($0.34) | ($0.33) | | Share earns. diluted | (0.34) | ($0.33) | | Avge. shares (Thou.) | 30.152 | 25,495 |
| | | | Balance Sheet | |
| 2007 | 2006 |
|---|
| Assets: |
|
| | Cash & equiv. | 79 | 78 | | Deposits | 753 | 419 | | Receivables | 218 | 166 | | Inventory | 104 | 134 | | Prepayments | 232 | 153 | | Tot. curr assets | 1,386 | 949 | | Net property | 297 | 323 | | Trademark | 49 | 60 | | Total assets | 1,733 | 1,332 | | Liabilities: |
|
| | Accts. pay. | 155 | 196 | | Notes pay. | 216 | 100 | | Accruals | 60 | -- | | Tot. curr. liabs. | 431 | 296 | | Debt | 1,583 | -- | | Liquidated liab. | 188 | -- | | Com. stk. p.$0.001 | 29 | 22 | | Paid-in cap. | 22,647 | 13,904 | | Retained earns. | (23,145) | (12,890) | | Total liabs. | 1,733 | 1,332 | | Common Shares (Thou.) | 33,184 | 27,219 |
| | | |
| | Interim Report
|
|---|
| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
|
|---|
| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
|
|---|
| | | Quarterly Revenue, US$ |
|---|
| Year | Quarter | Revenue | | 2008 |
1 | 620,000 | | 2008 |
2 | 430,000 | | 2007 |
1 | 390,000 | | 2007 |
2 | 250,000 | | 2007 |
3 | 740,000 | | 2007 |
4 | 940,000 | | 2007 |
Full Year
| 2,340,000 | | 2006 |
1 | 1,210,000 | | 2006 |
2 | 520,000 | | 2006 |
3 | 350,000 | | 2006 |
4 | 530,000 | | 2006 |
Full Year
| 2,610,000 | | 2005 |
1 | Nil | | 2005 |
2 | Nil | | 2005 |
3 | 10,000 | | 2005 |
Full Year
| 750,000 | | 2004 |
Full Year
| 270,000 |
| | | | | | Quarterly Net Income, US$ |
|---|
| Year | Quarter | Revenue | | 2008 |
1 | (1,200,000) | | 2008 |
2 | (1,790,000) | | 2007 |
1 | (1,580,000) | | 2007 |
2 | (4,310,000) | | 2007 |
3 | (2,640,000) | | 2007 |
4 | (1,900,000) | | 2007 |
Full Year
| (10,260,000) | | 2006 |
1 | (2,930,000) | | 2006 |
2 | (1,020,000) | | 2006 |
3 | (3,140,000) | | 2006 |
4 | (1,440,000) | | 2006 |
Full Year
| (8,531,000) | | 2005 |
1 | (580,000) | | 2005 |
2 | (1,020,000) | | 2005 |
3 | (1,760,000) | | 2005 |
Full Year
| (3,748,000) | | 2004 |
Full Year
| (440,000) | | 2003 |
Full Year
| (90,000) |
| | | | | | Quarterly EPS, US$ |
|---|
| Year | Quarter | Revenue | | 2008 |
1 | (.03) | | 2008 |
2 | (.05) | | 2007 |
1 | (.06) | | 2007 |
2 | (.15) | | 2007 |
3 | (.08) | | 2007 |
4 | (.06) | | 2007 |
Full Year
| (.34) | | 2006 |
1 | (.12) | | 2006 |
2 | (.04) | | 2006 |
3 | (.12) | | 2006 |
4 | (.05) | | 2006 |
Full Year
| (.33) | | 2005 |
1 | (.04) | | 2005 |
2 | (.06) | | 2005 |
3 | (.09) | | 2005 |
Full Year
| (.20) | | 2004 |
Full Year
| (.04) | | 2003 |
Full Year
| (.01) |
| | | |
| |
|
