SCHAUMBURG, Ill., Feb. 16, 2017 /PRNewswire/ -- DOCASA, Inc. (OTC QB: DCSA), through its subsidiary, Department of Coffee and Social Affairs Limited, based in the United Kingdom ("UK"), announces year-round availability of its innovative signature product, a cold brew coffee called "Bold Brew," beginning Spring 2017. The Company's Bold Brew coffee is made using coffee beans that have been aged in whiskey barrels for 14 days.
The UK ready-to-drink coffee market has been growing rapidly since 2012, and the cold brew market sub-segment (including cold-bottled or canned coffee), like its US market counterpart, which, according to leading marketing intelligence agency Mintel's Coffee US 2016 Report, saw an astonishing 580% growth between 2011-2016, is expected to reach by 2020 revenue of approximately $1 billion in the UK and approximately $3.6 billion globally.
DOCASA's President & CEO, Ashley Lopez, stated, "With busy lifestyles, consumers are looking for something more than a sugary energy drink. We've listened to our customers who wanted a chilled, ready-to-go coffee product all year round that really 'hits the spot' and have created our own special quality-tasting cold brew, Bold Brew."
Department of Coffee and Social Affairs' Head Roaster, Dumo Mathema, commented, "We are constantly striving to create exciting ways to deliver quality coffee. Bottled, ready-to-drink coffee, is a natural evolution for us. Bold Brew is the first launch in a new line of coffee products unique to Department of Coffee and Social Affairs. We have seen increasing demand for cold-bottled ready-to-go coffee, which might be assumed to be a seasonal product but is in fact in demand year-round."
About DOCASA, Inc.
DOCASA, Inc. is focused on the rapidly growing specialty coffee market principally in the United Kingdom. Through its subsidiary, Department of Coffee and Social Affairs Limited, 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 franchising and/or licensing of its branded shops and premium product offerings 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
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.
SOURCE DOCASA, Inc.