Major Break out on price & volume ! GMCH announces additional $9 mil in revenues ! This could send it back to its 52 week high eventually.
GMCH has alot more going for it than it did last year.
Gourmet's Choice Announces Five New Contracts
SAN FRANCISCO, Jan. 14 /PRNewswire/ -- Gourmet's Choice (OTC Bulletin Board: GMCH) announced today that it has signed five new contracts that will produce an anticipated $1 million in revenue and $300,000 in pre-tax profits for the company. Gourmet stated that the revenues from these contracts is in addition to the revenues and pre-tax profits projected in its press release of January 12.
Gourmet stated that the five new contracts are with Vietnam Airline Services Company, Hotel Services of Vietnam, Shiphandler Company, Nam ha Import Export Company and Import Export and General Services Trading Company.
The contracts call for the delivery of half liters of bottled water for which production is expected to begin at the end of January.
The company also announced that it anticipates starting production of full liters of bottled water during the second quarter of 1999. The company advises that its distributors have committed to purchase full liter bottles that should result in monthly sales of $740,000 which translates into over $8 million in revenues from the first 12 months of full liter sized bottled water production.
For further information on Gourmet's Choice, contact James Tilton at 212-398-7833 or visit the website www.gmch.net.
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 to accomplish its stated plan of business. Although Gourmet's Choice believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could 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 or any other person that the objectives and plans of Gourmet's Choice will be achieved.
SOURCE Gourmet's Choice Coffee Co., Inc.
CO: Gourmet's Choice Coffee Co., Inc.; Vietnam Airline Services Company; Hotel Services of Vietnam; Shiphandler Company; Nam ha Import Export Company; Import Export and General Services Trading Company
ST: California
IN: FOD
SU: CON
01/14/99 13:22 EST prnewswire.co |
