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DENVER, May 19, 2014 (GLOBE NEWSWIRE) -- Jammin Java Corp., d/b/a Marley Coffee (OTCQB:JAMN) (
www.marleycoffee.com ), the sustainably grown, ethically farmed and artisan-roasted gourmet coffee company, has issued the following letter to its shareholders:
It's been an exciting and, in our opinion, a tremendous 18 months. We believe that the goals that we have met this past year have the potential to set the company up for exceptional growth moving forward. We are very excited about what Fiscal 2015 has to bring.
In Fiscal 2014, we established a national grocery distribution network, increased our brand awareness, strengthened our international presence and are now truly aligned with a large and innovative organization, Mother Parkers Tea & Coffee, Inc.
Our story this last year is one of expansion and this upcoming year we are prepared to build on that platform with organic growth. We've outlined our strategy for the rest of calendar 2014 below and will be judging ourselves on how well we execute on that strategy.
Relatively speaking, this company is less than 18 months into "full" distribution in the grocery retail sector. We hired our Senior Vice President of Sales only 18 months ago. We established our corporate headquarters in Denver in July of 2013 and brought on two regional sales directors in October of 2013. Category managers and brokers were hired shortly thereafter.
Over the course of the last year, we've gained distribution in over 5,000 stores in North America and have authorization in approximately 10,000 stores. We've established distribution in two of the largest chains in the country, Safeway and Kroger, and tripled our revenues year-over-year from $1.8 million to $6 million from Fiscal 2013 to Fiscal 2014.
While this growth is substantial, we've been able to maintain our core principles, to create the best tasting and most sustainable coffee in the world. Throughout the year we've been honored with wins from Singleservecoffee.com, which stated "this is the first time that an entire brand line-up have all scored the excellent category," and from the food editor of the British GQ as the best celebrity coffee in the market. All of our coffees continue to be either organic or Rainforest Alliance certified.