JAMN | Jammin Java Stirring Up Sales


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Jammin Java Corp. (JAMN)

Jammin Java, doing business as Marley Coffee, is a United States-based company that provides sustainably grown, ethically- farmed and artisan roasted gourmet coffee through multiple United States and international distribution channels. We intend to develop a significant share of these markets and achieve a leadership position by capitalizing on the global recognition of the Marley brand name. Through a licensing agreement, the Company has the worldwide right to use certain intellectual property rights in and to the late reggae performer, Robert Nesta Marley, professionally known as Bob Marley, including the name “Marley Coffee” and reasonably similar variations thereof.

The Company markets the name “Marley Coffee” within the U.S. (including its territories and possessions) Canada, Mexico and the nations of the Caribbean Sea to sell coffee in any form or derivation through any distribution channel. The Company also has the right to distribute tea and instant coffee products.

JAMN reported their earnings for the period ended June 30, 2012 on Friday, September 14.
(See SEC filing here)

Sales revenue for the three months ended July 31, 2012 was $559,485, an increase of $515,743, as compared with sales revenue of $43,742 for the three months ended July 31, 2011. Sales revenue increased as a result of the Company’s continued maturation from its development stage.

Sales revenue for the six months ended July 31, 2012 was $869,099, an increase of $797,402 , as compared with sales revenue of $71,697 for the six months ended July 31, 2011. Sales revenue increased as a result of the Company’s continued maturation from its development stage.

Cost of sales for the six months ended July 31, 2012 was $727,261, an increase of $657,786 as compared to $69,475 for the six months ended July 31, 2011. The increase in the cost of sales correlated with the Company’s revenue growth.

Compensation and benefits for the six months ended July 31, 2012, were $1,210,729 as compared to $-0- for the six months ended July 31, 2011. The increase was a result of stock compensation expenses associated with options granted and payroll that was not in effect in 2011.

Selling and marketing expenses for the six months ended July 31, 2012, were $302,772, an increase of $232,549, as compared to $70,223 for the six months ended July 31, 2011. The increase was principally the result of marketing expenses related to the ramping up of sales operations.

General and administrative expenses for the six months ended July 31, 2012, were $493,772, a decrease of $104,305, as compared to $598,077 in expenses for the six months ended July 31, 2011. The decrease was principally the result of decreased legal fees.

JAMN incurred a net loss of $1,880,411 for the six months ended July 31, 2012, compared to $665,211 for the six months ended July 31, 2011. The principal reason for the increased net loss was an increase in expenses related to operating and expanding the business including professional fees, payroll, selling expenses, stock compensation expenses associated with options granted, professional fees and corporate reporting expenses.

Bob Marley always said he would return to farming one day. With Marley Coffee, Bob’s son Rohan fulfills the dream. Rohan remembers his grandmother drying their wild coffee berries in the sun, then hulling and roasting them for her own cup of coffee each morning. Marley Coffee is determined to deliver that same intoxicating aroma and rich smooth flavor into every cup.

Marley Coffee is an international gourmet coffee company founded by Rohan Marley and his friend Shane Whittle, sourcing beans from around the world, including Ethiopia, Central America and Jamaica. The beans from Jamaica are from a 52-acre private estate that sits atop the Blue Mountains in Chepstowe, Portland, Jamaica, long revered as the region with the world’s most desirable coffee beans. From the Marley’s Jamaica Blue Mountain coffee farm, to partner farms in Africa, Central America and other top coffee-growing regions worldwide, Marley Coffee strives to support communities and the environment through organic, sustainable and ethical practices.

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Check out more info on JAMN stock here: 
http://www.aimhighprofits.com/is-it-time-for-another-cup-of-marley-coffee-jamn

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