Should have asked me for the data:
GMCH
Company : Gourmet's Choice Coffee Co., Inc. Symbol : GMCH OTC
CEO: James Tilton Reporting: No
Shares Outstanding : 77,230,965 Float : 12,612,178
Contact : (212) 398 - 7833 Mr. Tilton
Prospectus : (800)992-6616
Website : gmch.net Gourmet's Choice Coffee Co., Inc. GMCH is having this site constructed and will be up and running soon.
Gourmet's Choice Coffee Co,;Inc. is a holding company whose strategy is the acquisition of regional Vietnamese beverage companies that compliment its existing business, distribution and product lines.
On April 16, 1998, GMCH signed an agreement to acquire AmViet Development Corp., a Bahamian Corp., which owns 70% of the AmViet Mineral Water Co.(AVDC). On September 24, 1994, the AmViet Mineral Water Co. was issued a license to operate a water and mineral water bottling operation in a joint venture with Quang Tri Beer Factory. The joint venture is owned 70% by Amviet Development Corp. and 30% by Quang Tri Beer Co. Subsequently the license was amended to include soft drinks. On Feb. 16, 1998, AmViet Development Corp. was granted licenses to distribute several established soft drink brands in Vietnam by the Monarch Company of Atlanta, Georgia.
In addition, AVDC is the licensee from the Monarch Beverage Company for the country of Vietnam. The Monarch license enables AVDC to sell the Monarch franchise products, such as America Cola(R), Dad's Old Fashioned Root Beer(R), Kick-A-Poo Joy Juice(R), and Bubble Up(R), in the country of Vietnam. AVDC has been in Vietnam for over three years and has established a network of distributors for the products of this plant. The joint venture will have ownership of the land, buildings, equipment, business, water rights, exclusive rights to the spring water, mineral water springs, goodwill, customer lists, customers and all accounts receivable in Vietnam. The Monarch Company, the 7th largest soft drink franchiser in the U.S., is expected expand the license in Vietnam to also include other well-known beverage brands including Dr. Wells(R), Dad's Old Fashioned Cream Soda(R), Frostie Root Beer(R), Nesbitt's Strawberry(R), Nesbitt's Lemon-Lime(R), Nesbitt's California Sun Tea Lemon(R), Orange Kist(R), and several flavors of Sun Crest(R), Quench(R), and others. The Company stated that the acquisition of AmViet Development Corporation will add about $3,200,000 in assets, including the land, buildings, and equipment located in Quang Tri, Vietnam, to the Company's balance sheet.
In addition to the acquisition of assets, the Company is gaining the services of experienced beverage management executives including Wayne Johnson and Robert Price. Mr. Johnson is the founder of The Vivant Group, Inc., a company which develops quality waters and value-added specialty beverages for international markets. Mr. Johnson has over thirty years experience in the beverage business, including the majority ownership of Mr. Soft Drink and he established the Sun Mountain Bottling, Inc. company. Mr. Price has more than 20 years beverage experience, including more than 10 years with PepsiCo, Inc., where he was Vice President of the New York operation and managed over 500 employees and was responsible for $125 million in annual sales.
GMCH is expecting to have this operation completely underway shortly after the new year and with a capacity of 1.5 million bottles per month in the water bottling plant along with the distribution end of the business,GMCH should be a very profitable Co. At the current share price of 2-4 cents, T.A.P. feels this is a very undervalued Co.
Secondly is the actual coffee end of the business! Gourmet's Choice® Coffee Co., Inc., produces and distributes Gourmet's Choice® gourmet coffee, "Unconditionally guaranteed, the world's finest coffee." For nearly 30 years, Gourmet's Choice® was a substantial presence in the gourmet coffee markets, supplying its premium quality blend to an exclusive clientele of airlines, gourmet shops, hotels and restaurants world-wide.
GMCH will have it's new website up very soon, and all coffee lovers will have the opportunity to order Gourmet's Choice Coffee for themselves!
Disclaimer: T.A.P will not be held accountable for any information as far as its validity and/or accuracy on any stock posted here. When investing in any stock do your own research and try to verify all information, especially info found on the internet ! Research on stocks posted here is for information purposes only and is not a solicitation to buy or sell any security. T.A.P. reserves the right to receive compensation from selected companies. Bottom line its your $$$ and your decision what you do with it ! T.A.P. has received a stock share agreement from GMCH for promotion of the company.
Recent GMCH News 1/12/99 1/14/99 1/19/99
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