SCHAUMBURG, Ill., Feb. 14, 2017 /PRNewswire/ -- DOCASA, Inc. (OTC QB: DCSA), through its award winning subsidiary, Department of Coffee and Social Affairs Limited, based in the United Kingdom ("UK"), has announced the opening of its newest coffee shop in Bristol, UK, as part of its continuing national expansion plan.
The launch of the Bristol outlet brings the total number of the Company's coffee shops in UK to 13 operating, 3 under construction, and 6 in advanced negotiations, totalling 22 sites – which would indicate expansion of greater than 100% in a one year period, with all of the shops in prime locations or destination sites, attracting increasing foot traffic. "We are tapping into the ever-growing demand in the UK for quality, specialty coffee, and our national roll-out plans are proceeding as expected," said DOCASA Chairman, Stefan Allesch-Taylor.
Bristol is one of the most affluent places to live in the UK due to its high employment rate, wealth and salary levels. Bristol has a growing and changing population rapidly approaching 500,000 people as well as being home to Bristol University, which has over 22,000 students and faculty members.
Department of Coffee and Social Affairs' Bristol coffee shop, which provides both indoor and outdoor seating, is located in the destination Cabot Circus Shopping Centre, situated amongst major national and international branded outlets.
DOCASA's President & CEO, Ashley Lopez, commented, "Bristol is a city on the rise, welcoming more and more people, and it consistently performs highly on the intake of tourists and commuters from other parts of the UK, making it an ideal location for our newest Department of Coffee and Social Affairs coffee shop."
About DOCASA, Inc.
DOCASA, Inc. is focused on the investment in a rapidly growing specialty coffee market principally in the United Kingdom. Through its subsidiary, Department of Coffee and Social Affairs Ltd., headquartered in London, England, it has established and is growing an award-winning, market leading UK specialty coffee shop and online retail business. DOCASA is also pursuing the franchising and/or licensing of its branded shops and premium product offering outside of the UK to countries where the premium coffee market is rapidly expanding. DOCASA continues to review opportunities in the broader international coffee market.
For additional information, please contact:
Maryam Mazraei, Communications Director
Tel: +44 (0) 20 7287 4176
Cell: +44 (0) 7765 983104
Forward looking statement:
This press release contains certain "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. The economic, competitive, governmental, technological and other factors identified in the Company's previous filings with the Securities and Exchange Commission may cause actual results or events to differ materially from those described in the forward-looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE DOCASA, Inc.