GMCH, Friday is the deadline to be included in getting some e-commmerce shares for .05. Where is there an e-commerce stock trading @ .05? If you know, send it my way.
Monday March 27, 9:03 am Eastern Time
Company Press Release
SOURCE: Gourmet's Choice Coffee Co., Inc
GMCH Announces Formation of Gourmets Coffee.com, Inc.
NEW YORK, March 27 /PRNewswire/ -- Gourmet's Choice Coffee Co., Inc., (OTC Bulletin Board: GMCH - news)
announced today the formation of Gourmets Coffee.com, Inc. a wholly owned subsidiary of GMCH and the new home of the
company's E-Commerce Division (http://www.gourmetscoffee.com), which will be spun off to GMCH shareholders. Over the
next year, Gourmets Coffee.com, Inc. plans to develop additional E-Commerce websites, such as, a wholesale Gourmet's Choice Coffee website, an Internet coffee mall,
featuring coffee and related products from around the world and a Business to Business (B2B) coffee website.
All GMCH shareholders of record on March 31, 2000 will receive one right to purchase one share of the common stock of GMCH's E-Commerce Division for every two
shares of GMCH that they own. The purchase price for each E-Commerce Division share will be $0.05. Additionally, the Company announced that affiliates and controlling
shareholders, which include management, shall not be eligible to participate in the Rights Offering.
James Tilton, President of GMCH, stated, ``I am pleased that we were able to complete the new E-Commerce website, the Corporate website and the formation of the spin
off entity well before the March 31st record date. We look forward with excitement and anticipation as we embark on this new venture.'
Gourmet's Choice Coffee Co., Inc., is a United States Holding Company whose strategy is the acquisition of both domestic and international beverage companies that
complement its existing business, distribution and product lines.
For further information contact Investor Relations at 800-324-3464 or visit the website gmch.net . For coffee orders only, please visit
gourmetscoffee.com .
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve
risks and uncertainties, including, without limitation, the ability of Gourmet's Choice Coffee Co., Inc. to accomplish its stated plan of business. Gourmet's Choice Coffee
Co., Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions would be inaccurate, and
therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties
inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Gourmet's Choice Coffee Co.,
Inc. or any other person that the objectives and plans of Gourmet's Choice Coffee Co., Inc. |
