Penny Stock in News: Jammin Java keeps it Hot
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    OTCBB Hot Stock; Jammin Java Delays filing its Annual Report

    Jammin Java Corp. (OTC BB: JAMN) shares surged 6% to $3.18 in morning trade after dropping in yesterday’s following the recent announcement that the company would delay the filing of its annual report with Securities Exchange Commission.

    The stock gained nearly430% this year driven by the rapid deployment of operations and distribution network, as well as subsequent commencement of product sales on Cooking.com and Amazon.com (Nasdaq: AMZN). However, the delay in filing its annual reports is raising doubts about the scale of growth and operations profitability.

    JAMN provides premium roasted gourmet coffee on a wholesale level to the service, hospitality, office coffee service and big box store industry. The company owns “Marley Coffee” and related trademarks. Some of the key coffees that JAMN distributes are the Lion’s Blend (signature roast), Kingston City Roast (espresso) and The Mountain Roast (Swiss Water decaf). The company plans to capitalize on the success of Marley name, as Rohan Marley, JAMN’s chairman is the son of renowned reggae singer Bob Marley.

    Last month JAMN has launched a new line of products to tap the demand in the rapidly expanding single-serve coffee and tea pods markets. The company has also introduced the 2.5-ounce ground fractional packages of coffee, and 2.2-pound bags of whole beans.  With the introduction of tea in the company’s offering, JAMN plans to take advantage of the growing tea market with flavors such as Citrus White, Masala Chai and Rooibos Citron.

    The coffee seller has recently made some changes to its management team, recruiting proven expertise in building sales and marketing awareness on online retailers and started to aggressively promote its offering. Subsequent to these changes, JAMN commenced selling its coffee on Cooking.com, MarleyCoffee.com and Amazon.com. The company has already reported solid customer response and accelerated revenue uptake from these channels as well as optimistic outlook concerning its presence in the $4 billion single-serve coffee and tea pods market.

    In addition, the coffee seller established several distribution agreements to cover the U.S. and Canada markets. JAMN has engaged National Coffee Service & Vending to oversee its national sales initiative for the U.S. office coffee services break room market and deploy its broker network to generate sales for the Jammin Java brands. The company has also appointed United Natural Foods Canada, a division of United National Foods Inc., as its Canadian distribution partner. Moreover, JAMN confirmed Gourmet Merchants International as their distributor in California.

    Despite the recent initiatives and solid customer response, there are still uncertainties regarding the marketing success of the company and the magnitude of growth. The delay in annual reports filing add further uncertainties concerning JAMN’s prospects. With a market capitalization of nearly $200 million, JAMN looks expensive for a company without revenue, lack of cash flows and unclear potential. However, it is up to management to better communicate to investors their successes and preliminary results and support this valuation.

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