Tully’s Coffee Corp. announced its intent to file a registration statement with the U.S. Securities and Exchange Commission for a proposed underwritten public offering of its common stock. The filing of such a registration statement is subject to applicable economic and capital market conditions, and would be subject to review by the SEC. The company expects to file the registration statement before the end of April 2007.
Tully’s Coffee anticipates that gross proceeds from the offering will be approximately $50 million. Proceeds will fund expansion of the company’s retail and wholesale operations, working capital and general corporate purposes.
A registration statement relating to these securities has not yet been filed with the SEC. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall neither constitute an offer to sell, nor the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
Source: Amonline
Posted by beanybabe at 12:17 AM PDT
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TRADING SYMBOL: The Toronto Stock Exchange - SWS.UN
Swiss Water Decaffeinated Coffee Income Fund (”the Fund”) today reported financial results for the three and twelve months ended December 31, 2006, which represents its fiscal year-end. The Fund also announced a 5.9 increase in its monthly distribution to unitholders effective with the March 2007 distribution to be paid in mid-April 2007.
The Fund holds all of the outstanding securities of Swiss Water Decaffeinated Coffee Company, Inc. (”SWDCC” or “the company”) and its results are dependent on the operating results of SWDCC.
View financials: CNW Group
Posted by beanybabe at 12:19 AM PDT
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India has traditionally been a nation of tea-drinkers, but coffee is beginning to win new fans in the country. As Anjana Pasricha reports from New Delhi, the coffee-drinking culture is being promoted by hundreds of cafes opening in Indian cities.
The door of a popular coffee bar in central Delhi is seldom shut for long as a steady stream of customers walk in and out. Many of them are youngsters - college students and young working people wanting to relax over a cup of coffee.
“Without being bothered, you can sit for a long time and have a cup of coffee, and chat, nobody bothers you here,” said a girl.
Read the story: Huliq
Posted by beanybabe at 12:16 AM PDT
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Rains in Brazil’s Espirito Santo state, the world’s biggest producer of robusta coffee after Vietnam, will resume next week after two weeks of dry weather, an analyst said.
The north of Espirito Santo, where two-thirds of Brazil’s robusta is grown, will start receiving showers for several days as early as March 18, said Ana Avila of the University of Campinas. The area hasn’t received rain since March 6, she said.
Robusta output in the state will rise 4.3 percent to 7.2 million bags in the harvesting season that runs from April to October, Brazil’s Agriculture Ministry said. Robusta for May delivery was little changed today, dropping $1, or less than 0.1 percent, to $1,525 per metric ton on London’s Euronext.liffe. Robusta futures have risen 30 percent in the past year.
Read the story: Bloomberg
Posted by beanybabe at 12:14 AM PDT
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The Viet Nam National Coffee Corporation (Vinacafe) has posted VND5.28 trillion ($330 million) in 2006 revenue and exported $232 million of goods, a year-on-year increase of 45 per cent.
The company this year plans to speed up the equitisation of its subsidiaries, invest in coffee planting, upgrade the irrigation systems at existing farms and improve processing facilities to ensure quality.
Vinacafe projects to earn VND6.7 trillion ($419 million) in revenue this year.
Read more: VNS
Posted by beanybabe at 12:01 AM PDT
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