SCHAUMBURG, Ill., April 3, 2017 /PRNewswire/ -- DOCASA, Inc. (OTCQB: DCSA), through its award-winning subsidiary, Department of Coffee and Social Affairs Limited, based in the United Kingdom ("UK"), announces the appointment of Michael Chuter, FCA, CMIIA.
Mr. Chuter will be the Senior Non-Executive Director of Department of Coffee and Social Affairs Limited with oversight of financial reporting and corporate governance. He is a Fellow of both the UK's Institute of Chartered Accountants and the Institute of Internal Auditors, with board level experience across the public, private and voluntary sectors.
A highly experienced international retail executive, Mr. Chuter's career has been spent among some of the biggest names in the business world including Gillette, Hertz, British American Tobacco, Wiggins Teape, Spillers and Midland Bank (since absorbed into HSBC).
Mr. Chuter has also served as Finance Director for leading UK retail brand, Evans, with over 2,400 staff in 247 locations, and for Hong Kong-based Global Retail Limited, where he oversaw the rollout of 174 outlets in 14 different countries.
DOCASA's President & CEO, Ashley Lopez, commented, "Michael brings valuable experience and know-how to Department of Coffee and Social Affairs and will greatly strengthen our senior management team as we execute our growth strategy."
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
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.