BARRANQUILLA, Colombia, October 1, 2013 /PRNewswire/ --
New Colombia Resources, Inc. (NEWC) ("New Colombia or the Company") announces they have signed a letter of intent to acquire Café Tolima Don Diego, LLC to distribute USDA Certified Organic Coffee in Colombia, North America, Europe, and China. This acquisition is in line with the company's corporate objective of taking advantage of resource opportunities in the Republic of Colombia.
Café Tolima Don Diego is in talks with supermarket chains, airlines, and wholesale clubs in the U.S. and Colombia. New Colombia Resources will establish a sales office in Colombia to handle domestic and international sales. For more information on Café Tolima Don Diego visit http://www.cafetolimadondiego.com/
New Colombia Resources met with attorneys yesterday to establish their Café Tolima Don Diego S.A.S. operating subsidiary in Colombia. Diego Guarnizo will work with John Campo to enhance the brand and begin their coffee distribution by purchasing 16,000 lbs of USDA Certified Organic coffee for distribution in Colombia and the U.S. The company's suggested retail price will be $ 8.00 for a 500 gram package in Colombia and $ 10 for a 1 lb package in the U.S. The company will work closely with Andres Castro of Guia de Café in Bogota' to establish the perfect organic award winning blend. A coffee from Tolima won the Colombia Baristas Championship earlier this year. For more information visit http://en.guiadelcafe.com/.
The organic food business is booming around the world with coffee having the greatest value of any organic import to North America. Colombian coffee is considered the best in the world since the Colombian Coffee Federation has the strictest export quality standards. New Colombia Resources aims to deliver the best organic and traditional coffee to the domestic market as well as the export market since many in Colombia feel they are cheated out of good coffee.
"With coffee bean prices at an all time low, we feel this is the best time to enter the coffee business since the price on the shelf for organic coffee doesn't reflect the low futures prices. In reference to coking coal, I feel the recent upgrade of met coal stocks is very encouraging since we expect to begin selling coal in the coming months after prices have recovered," stated John Campo, President of New Colombia Resources.
Get News Alerts & Stock Updates for New Colombia Resources, Inc. delivered directly to your Mobile Phone. Text NEWC to 545454
(News alerts are free; however standard message & data rates may apply. Check with your carrier for more details.)
About New Colombia Resources, Inc.
New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. They expect to have three revenue producing businesses; metallurgical coal mining, African palm distribution, and traditional and organic coffees. They own 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 MM tonnes of reserves. They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession. In October 2013 they are planting 2000 African palm trees for the production of bio-diesel in Colombia and they are acquiring an organic coffee company. Once the necessary financing is obtained, the Company plans to have additional revenue producing business units in Colombia: coal mining, coking oven facilities, docks, river, and rail transportation to export terminals in Colombia. The Company is also exploring allegiances with U.S. and Colombian universities to study capturing Coal Bed Methane (CBM) in Colombia. For more information on the Company visit http://www.newcolombiaresources.com.
Transportation, Logistics and Other Information
New Colombia Resources intends to sell their coal at the mine's gate unless they enter into off-take agreements. At the right time, the Company plans to build or acquire river or rail loading facilities on the Magdalena River close to their mines. The coal will be trucked to these distribution centers, and then barged via the Magdalena River or by rail to terminals in Barranquilla, Santa Marta, or Cartagena for export. Initially they will use existing logistics providers while their transportation projects are being developed. After the rail projects and the "Road to the Sun" project are completed, New Colombia Resources will have one of a few metallurgical coal mines in the World with river, rail, and road access to coal export terminals on both the Atlantic and Pacific Oceans.
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include financing, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations. New Colombia Resources, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
New Colombia Resources, Inc.
New Colombia Resources, Inc.
SOURCE New Colombia Resources, Inc.