Gourmet's Choice President Addresses Shareholders
NEW YORK, May 31, 2000 /PRNewswire via COMTEX/ -- Gourmet's Choice Coffee Co.,
Inc. (OTC Bulletin Board: GMCHE) announced today that its accountants are
working around the clock to complete the Company's financial statements, in
order to be compliant for continued listing on the Over the Counter Bulletin
Board (OTCBB). The Company anticipates completion of the financial statements
with the next several weeks.
James Tilton, President of Gourmet's Choice Coffee Co. Inc., stated, "While I am
extremely disappointed that our financial statements were not completed
according to the deadline set by the Securities and Exchange Commission (SEC), I
continue to be excited about the progress that we have made over the past six
months. I understand the shareholder's concern, with the decrease in shareholder
value and I assume full and complete responsibility. However, all shareholders
must understand that this is an accounting problem and not a business problem. I
urge all shareholders to not be frightened by the so-called message board
bashers, who are not shareholders in the Company and bash the stock for their
own personal motives. Regardless what they post, none of these bashers have
attempted to contact my office, or left a phone number so we can return their
phone calls, or sent us an email that went unanswered. I urge all bashers and
shareholders to contact us, if they have any questions about the progress of our
financial statements. I have read that in the past year, there has been nothing
but disappointments and missed deadlines. To the best of my knowledge, our
flagship store, co-branding agreement and websites occurred on schedule, as well
as, the GMCH/E-Commerce Rights Offering. If any shareholders or brokers have not
received the appropriate information, please contact Signature Stock Transfer,
Inc. at 972-788-4193."
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.
SOURCE Gourmet's Choice Coffee Co., Inc.
CONTACT: Gourmet's Choice Coffee Co., Inc. Investor Relations,
800-324-3464
URL: gmch.net
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