I have been watching this one waiting for the spread to tighten up just a bit more..
BoNa Coffee Holdings Corp. Announces Record Revenues, Earnings Monday February 23, 4:30 pm ET
MANILA, PHILIPPINES--(MARKET WIRE)--Feb 23, 2009 -- BoNa Coffee Holdings Corp. (Other OTC:BCHC.PK - News) announces that the Company's Philippine operations achieved record revenues and earnings in 2008. The Company, which began operations late in 2006, had 2008 revenues of 11,578,700 Philippine Pesos ($241,223 U.S.), vs. 2007 revenues of P 1,546,273 ($32,214 U.S.), an increase of nearly 749%. Net 2008 pre-tax earnings were P 8,677,114 ($180,773 U.S.) vs. P 1,022,781 ($21,379 U.S.) in 2007, an increase of 845.6%. In 2007, the Company had only one open BoNa Coffee Shop; now, the Company has three opened and has signed a Letter of Intent to open two more BoNa Coffee Shops. Other Company operations, such as its retail furniture store and its building (The Serenity Place), also began operations in 2008. ADVERTISEMENT
Jose Luis Gonzalez, BCHC's CEO, stated, "We were pleased with our growth last year, but it's only the beginning. In 2009, we fully expect revenues from our operations in the Philippines alone to exceed $1,000,000 U.S. We also expect to enter the U.S. markets with our BoNa Coffee and ancillary merchandise; and we are currently negotiating to begin operations in the United States."
BoNa Coffee Holdings Corp. (www.bonacoffeeholdingscorp.com), incorporated in the Philippines, is a holding company whose businesses consist of the BoNa Coffee Shops, furniture and jewelry stores, real estate, a casual wear clothing line, and a spa in Manila, Philippines. The home office of BoNa Coffee Holdings Corp. is Unit H, PSCOR Building, Elizalde Street, BF Commercial Plaza, Paranaque City, 1720 Philippines.
Contact: For further information, contact: BoNa Coffee Holdings Corp. Investor Relations 1-888-536-1431
Posts: 394 | Registered: Sep 2008
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Low Float play here 6.8 million Compnay reports record earnings 2008 - Very rare these days.
It looks like company is just getting started...
Jose Luis Gonzalez, BCHC's CEO, stated, "We were pleased with our growth last year, but it's only the beginning. In 2009, we fully expect revenues from our operations in the Philippines alone to exceed $1,000,000 U.S. We also expect to enter the U.S. markets with our BoNa Coffee and ancillary merchandise; and we are currently negotiating to begin operations in the United States."
Will watch Level 2's for entry.
Posts: 267 | Registered: Feb 2009
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Investor Information: Bona Coffee Holdings Corp. Unit H, PSCOR Building Elizalde Street, BF Commercial Plaza Paranaque City Metro Manila 1720 Philippines
Bona Coffee Holdings Corp. is a publicly owned corporation whose interests span the property sector and the wholesale and retail industry.
Through its subsidiaries, the Company engages in property development and management, import/export of furniture and jewelry, and a retail specialty coffee house chain, in the Philippines.
The Company, started in 2002, has developed numerous buildings with green sustainable construction technology, dedicated to using only environmentally friendly materials, which are ecologically conscious within the locations. Its coffee shops focus is on the healthy, low calorie, low fat market, with beverages, muffins and sandwiches, all of which are made with the freshest local ingredients and are always prepared in-house, to ensure maximum freshness and quality. The Company's import/export division sources only the finest handcrafted Indian furniture, as well as producing high end precious gemstone jewelry for both wholesale and retail markets.
Company Officers Jose Luis Gonzalez, President, CEO Candace Schmidt, COO, Dir. Robert Mesa, CFO, Dir.
Number of Employees 75 as of Nov 10, 2008 Estimated Market Cap $3,331,095 as of Jan 16, 2009 Outstanding Shares 33,310,948 as of Dec 3, 2008 Authorized Shares 100,000,000 as of Oct 31, 2007 Number of Share Holders of Record 64 as of Dec 3, 2008 Float 6,860,000 as of Dec 3, 2008
Posts: 394 | Registered: Sep 2008
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BoNa Coffee Holdings Corp. Announces BoNa Coffee Company's New Operating Hours -- BoNa Never Sleeps
MANILA, PHILIPPINES--(Marketwire - January 29, 2009) - BoNa Coffee Holdings Corp. (PINKSHEETS: BCHC) announces that its BoNa Coffee Company Westgate branch is now open to serve the public 24/7, making it the first FREE WIFI continuously open coffee shop in the Philippines.
When they open in the US it’s going to be huge
Posts: 267 | Registered: Feb 2009
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The float is awesome the idea is good. Had some action today seems peeps are starting to take notice...
Posts: 394 | Registered: Sep 2008
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It's going to be interesting to see what happens with this over the next few weeks. The push to get US auditors is the start to bigger things here in the US. A positive sign moving from the Asian stock market to the US.
-------------------- TraderJake Posts: 89 | From: Detroit, MI | Registered: Feb 2009
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So, as the BoNa people like to say, this is indeed a “place to meet people, make new friends, argue politics, discuss fashion and even fall in love.” Step a little off the beaten path and you’ll find it. From Elizalde, take the turn at Elsie Gaches Street (hang a left if you’re coming from President’s Avenue and take a right if you’re coming from the Elizalde Gate) and turn right at the next corner, T.M. Kalaw Street. They’ve got a big sign at the corner of the building, and are in front of Jeek’s. Parking is available in front or on the street. Like me, you’ll discover BoNa Coffee’s “little piece of something wonderful.”
Posts: 394 | Registered: Sep 2008
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Bona is going to be huge - massive international and US expansion. Household name very soon and will be selling their coffee in retail stores in the US - HUGE!!!
Posts: 28 | Registered: Mar 2009
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Picked up my starter position last week. Waiting on some volume to get some chart stats but I think the potential is there and will be adding appropriately.
-------------------- TraderJake Posts: 89 | From: Detroit, MI | Registered: Feb 2009
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"Jose Luis Gonzalez, BCHC's CEO, stated, "We were pleased with our growth last year, but it's only the beginning. In 2009, we fully expect revenues from our operations in the Philippines alone to exceed $1,000,000 U.S. We also expect to enter the U.S. markets with our BoNa Coffee and ancillary merchandise; and we are currently negotiating to begin operations in the United States.""
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A view from a recent Member’s Night at Bona Coffee- “Inside, the atmosphere was energized with people’s conversations, renewed and new acquaintances, as well, the on-going coffee-tasting event, a contest deciding which of the three new BoNa Coffee concoctions will be THE concoction Unlimited shots of the three mystery concoctions, made by the baristas, were flying from the bar, while the score was being tallied up on a nearby chalkboard. At the end of the evening, the winning concoction was the Pink Panther, made by BoNa barista, Christian Magpayo. BoNa Coffee also raffled two Friends of BoNa, BNCC’s official stuff toys for our Compassion Campaign.”
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MANILA, PHILIPPINES -- (Marketwire) -- 02/09/09 -- BoNa Coffee Holdings Corp. (PINKSHEETS: BCHC) announced that it has taken a major step in becoming a U.S. reporting issuer by retaining Dr. Epimaco M. Densing, Jr. CPA, MPA, LLB3, PhD of Densing, Verano & Co., a Manila-based accounting firm, to assist in the audit of BCHC's financial statements for its two most recent fiscal years.
Although the Manila-based firm is not registered with the U.S. Securities and Exchange Commission's Public Company Accounting Oversight Board ("PCAOB"), BCHC is currently in the process of retaining a U.S.-based accounting and auditing firm that is registered with the PCAOB. When that audit begins, BCHC will be on the way to becoming a U.S. reporting company.
Luis Gonzalez, BoNa's CEO, stated, "It is BoNa's intention to become a reporting issuer, and to become listed on the OTC Bulletin Board. We expect to have the attorneys and accountants in place very shortly, and they will work diligently to prepare and file the registration statement with the SEC as soon as practicable. We will inform our shareholders and the public as soon as we have filed the registration statement."
BoNa Coffee Holdings Corp. (www.bonacoffeeholdingscorp.com), incorporated in the Philippines, is a holding company whose businesses consist of coffee shops, furniture & jewelry stores, real estate, a casual wear clothing line, and a spa in Manila, Philippines. The home office of BoNa Coffee Holdings Corp. is Unit H, PSCOR Building, Elizalde Street, BF Commercial Plaza, Paranaque City, 1720 Philippines.
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muffin shop with 3 locations and small spa, $32K gross revenue and trading at $.20? $32K revenue versus $6.6M market cap? Crap like this can only be found in pinky land. lol First company I've seen that keeps "rights to sell shares" on it's front page. lolol
Posts: 1580 | From: World | Registered: Jul 2006
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BCHC hearing rumor of BIG news tomorrow on this. Tight float at 6.8 million will move very very easily up.
Posts: 267 | Registered: Feb 2009
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BoNa Coffee Holdings Corp. Announces BoNa Coffee Company Announces Expansion and the Construction of 4th BoNa Coffee Company Branch - Nuvali Tuesday March 10, 2009, 11:34 am EDT Buzz up! Print MANILA, PHILIPPINES--(MARKET WIRE)--Mar 10, 2009 -- BoNa Coffee Holdings Corp. (Other OTC:BCHC.PK - News) is pleased to announce that the construction of BoNa Coffee Company's fourth branch, in the E-Services Building, Lakeside Evozone, Nuvali, Sta. Rosa, Laguna, will commence immediately. The target opening date is June 9, 2009.
Contracts have been signed, and the official turnover of the unit took place at the site on Monday, March 9, 2009. Nuvali, the newest development of Ayala Land, one of the Philippines' biggest developers, is located in Sta. Rosa, Laguna, and covers a land area of 1,600 hectares (6.1 square miles/3,953 acres) and is slated to be a future regional center south of Manila.
Nuvali is a self-sufficient and eco-aware community in Laguna that covers all major areas -- residential, business, commercial, recreational, and educational. Homes, office buildings, shops, restaurants, and schools are attuned to each other through the rich natural environment, technological hubs, and people-oriented infrastructure. It balances sustainable living -- family, work, and leisure -- all in the beautiful landscape that is Nuvali.
The E-Services Building, where the branch will be located, is an office facility that will specifically cater to business process outsourcing firms. The 4-story building will have a gross leasable area of approximately 12,000 square meters (130,680 square feet) and is designed to address the technical requirements of BPO firms such as telco/data redundancy, 100% back-up power, flexible a/c systems, large floor plates and retail/support amenities to address the locators' unique 24/7 operations. The E-Services Building will also be a LEED certified "green" facility, and is the first of three buildings that will form part of the Nuvali BPO campus.
Occupants of the E-Services Building include familiar contact center names, such as Convergys, Infonyx and People Support Center, all of which have 24/7 operations and will benefit from BoNa's corresponding 24/7 hours.
This branch is the second BoNa Coffee branch to be opened in 2009, and the fourth BoNa Coffee Shop in total. With an area of approximately 109.07 square meters (approximately 1,188 square feet), this branch will be the largest BoNa Coffee Shop to date. BoNa embraces using only eco-friendly materials to match Nuvali's eco-friendly theme.
With 24/7 operating hours and absolutely free WIFI, BoNa Coffee Company's newest branch will continue to provide the perfect ambiance for conversation, studying, art and everything that makes up the BoNa lifestyle.
BoNa Coffee Holdings Corp. (www.bonacoffeeholdingscorp.com), incorporated in the Philippines, is a holding company whose businesses consist of coffee shops, furniture & jewelry stores, real estate, a casual wear clothing line, and a spa in Manila, Philippines. The home office of BoNa Coffee Holdings Corp. is Unit H, PSCOR Building, Elizalde Street, BF Commercial Plaza, Paranaque City, 1720 Philippines.
-------------------- TraderJake Posts: 89 | From: Detroit, MI | Registered: Feb 2009
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Fantastic news here folks. This compnay just keeps doing it right, record earnings in 2008 and now signing papers for store expansion as they said they wanted to do.
The float on this is only 6.8 million shares. Should move very easily upward.
Posts: 267 | Registered: Feb 2009
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quote:Originally posted by MoneyHoney: Fantastic news here folks. This compnay just keeps doing it right, record earnings in 2008 and now signing papers for store expansion as they said they wanted to do.
The float on this is only 6.8 million shares. Should move very easily upward.
LOLOL I'm going to open coffee shop tomorrow - $2K/months, $20K for set-up and jump to market with $10M market cap... Better to bring up bid and stop painting ask, genius
Posts: 1580 | From: World | Registered: Jul 2006
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Rather than insult others I'll look to this as good news and continue to watch and see how the cycle on this stock takes shape. I've got a starter and I'll see how it goes and decide whether to add or not as appropriate. There's always money to be made in penny land just have to pay attention. Companies have to start somewhere. I'm sure that there were people who laughed at Starbucks and Tim Horton's.
-------------------- TraderJake Posts: 89 | From: Detroit, MI | Registered: Feb 2009
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Well see how this shapes up. I personally like low floaters, I have done well with them in the past. Like the news out of this, we'll see how it goes.
Posts: 267 | Registered: Feb 2009
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