-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EwEWcSu5Ed660lIbVTYDNcoJ6HCV7FXjCo/9JaULmP3frcv8VDcwpfcEaqJPJFNd W5h4ZsoKG9FZ7QolJ1zZSQ== 0001144204-05-018883.txt : 20050614 0001144204-05-018883.hdr.sgml : 20050613 20050614162909 ACCESSION NUMBER: 0001144204-05-018883 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050614 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050614 DATE AS OF CHANGE: 20050614 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COFFEE HOLDING CO INC CENTRAL INDEX KEY: 0001007019 STANDARD INDUSTRIAL CLASSIFICATION: BEVERAGES [2080] IRS NUMBER: 113860760 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32491 FILM NUMBER: 05895166 BUSINESS ADDRESS: STREET 1: 4401 FIRST AVENUE STREET 2: STE 1507 CITY: BROOKLYN STATE: NY ZIP: 11232 BUSINESS PHONE: 7188320800 MAIL ADDRESS: STREET 1: 4401 FIRST AVENUE STREET 2: STE 1507 CITY: BROOKLYN STATE: NY ZIP: 11232 FORMER COMPANY: FORMER CONFORMED NAME: TRANSPACIFIC INTERNATIONAL GROUP CORP DATE OF NAME CHANGE: 19960201 8-K 1 v020128_8k.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 14, 2005 COFFEE HOLDING CO., INC. ------------------------ (Exact name of registrant as specified in its charter) Nevada 001-32491 11-2238111 ------ --------- ---------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 4401 First Avenue, Brooklyn, New York 11232-0005 ------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (718) 832-0800 Not Applicable -------------- (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 2.02 Results of Operations and Financial Condition. On June 14, 2005, Coffee Holding Co., Inc. announced its earnings for the second quarter ended April 30, 2005. A copy of the press release describing the earnings is attached as exhibit 99.1. Item 9.01 Financial Statements and Exhibits. (c) The following exhibit is furnished with this report: Exhibit No. Description ----------- ----------- 99.1 Coffee Holding Co., Inc. press release dated June 14, 2005 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: June 14, 2005 COFFEE HOLDING CO., INC. By: /s/ Andrew Gordon ---------------------------------------- Name: Andrew Gordon Title: President and Chief Executive Officer EXHIBIT INDEX Exhibit No. Description - ----------- ----------- 99.1 Coffee Holding Co., Inc. press release dated June 14, 2005 EX-99.1 2 v020128_ex99-1.txt Coffee Holding Company, Inc. Reports Second Quarter Earnings Tuesday June 14, 8:30 am ET BROOKLYN, NY--(MARKET WIRE)--Jun 14, 2005 -- Coffee Holding Company, Inc. (AMEX:JVA - News) today announced its second quarter results for the period ended April 30, 2005, which included 13 weeks. In this release, the company: - - Reports sales growth for the quarter of 60.6 percent; - - Announces an earnings growth of 173.0 percent compared to the three months ended April 30, 2004; - - Achieves earnings per share of $0.15. Net earnings increased $379,152, or 173.0 percent, to $598,366 or $.15 per share for the three months ended April 30, 2005, compared to $219,204 or $.05 per share for the three months ended April 30, 2004. Net sales totaled $10,173,230 for the three months ended April 30, 2005, an increase of $3,840,218, or 60.6 percent from $6,333,012 for the three months ended April 30, 2004. About Coffee Holding Coffee Holding is a leading integrated wholesale coffee roaster and dealer in the United States and one of the few coffee companies that offers a broad array of coffee products across the entire spectrum of consumer tastes, preferences and price points. Coffee Holding has been a family-operated business for three generations and has remained profitable through varying cycles in the coffee industry and the economy. The Company's private label and branded coffee products are sold through the United States, Canada and abroad to supermarkets, wholesalers, and individually owned and multi-unit retail customers. Any statements that are not historical facts contained in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, the effect of economic conditions, intellectual property rights, the outcome of competitive products, risks in product development, the results of financing efforts, the ability to complete transactions, and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. The Company undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made. COFFEE HOLDING COMPANY, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME THREE MONTHS ENDED APRIL 30, 2005 AND 2004 (Unaudited) Three Months April 30, April 30, 2005 2004 ----------- ----------- Net sales $10,173,230 $ 6,333,012 Cost of sales 7,920,372 4,637,400 ----------- ----------- Gross profit 2,252,858 1,695,612 Operating expenses: Selling and administrative 1,113,512 1,128,965 Officer's salaries 135,975 123,475 ----------- ----------- Total operating costs and expenses 1,249,487 1,252,440 ----------- ----------- Income from operations 1,003,371 443,172 Other income (Expense) Interest income 3,937 3,947 Interest expense (36,752) (41,215) ----------- ----------- (32,815) (37,268) ----------- ----------- Income before income taxes 970,556 405,904 Provision for income taxes 372,200 186,700 ----------- ----------- Net income $ 598,356 $ 219,204 =========== =========== Basic and diluted earnings per share $ 0.15 $ 0.05 Weighted average common shares outstanding 3,999,650 3,999,650 COFFEE HOLDING COMPANY, INC. CONDENSED BALANCE SHEETS APRIL 30, 2005 AND OCTOBER 31, 2004 (Unaudited) April 30, October 31, 2005 2004 ----------- ----------- ASSETS Current assets Cash $ 413,742 $ 642,145 Due from broker 1,433,756 873,901 Accounts receivable, net of allowance for doubtful accounts of $150,349 for 2005 and 2004, respectively 4,295,797 4,005,755 Inventories 3,153,928 2,258,289 Prepaid expenses and other current assets 675,114 676,395 Deferred tax asset 178,600 136,900 ----------- ----------- Total current assets 10,150,937 8,593,385 Property and equipment, at cost, net of accumulated depreciation of $3,546,766 and $3,354,418 for 2005 and 2004, respectively 2,439,610 2,286,936 Deposits and other assets 41,521 33,496 ----------- ----------- Total assets $12,632,068 $10,913,817 =========== =========== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Current portion of term loan - line of credit $ 62,000 $ 252,000 Current portion of obligations under capital lease 35,567 111,060 Line of credit borrowings 3,706,969 2,685,045 Accounts payable and accrued expenses 4,122,267 4,658,836 Income taxes payable - current 399,500 160,000 ----------- ----------- Total current liabilities 8,326,303 7,866,941 Term loan - line of credit, net of current portion 247,820 - Obligations under capital lease, net of current portion 1,988 5,855 Income taxes payable - deferred 59,500 45,200 ----------- ----------- Total liabilities 8,635,611 7,917,996 Commitments and contingencies Shareholders' equity Preferred stock, par value $.001 per share; - - 10,000,000 shares authorized; none issued Common stock, par value $.001 per share; 30,000,000 shares authorized, 3,999,650 shares issued and outstanding for 2005 and 2004, respectively 4,000 4,000 Additional paid-in capital 867,887 867,887 Retained earnings 3,124,570 2,123,934 ----------- ----------- Total stockholders' equity 3,996,457 2,995,821 ----------- ----------- Total liabilities and stockholders' equity $12,632,068 $10,913,817 =========== =========== Contact: Contact: Press Contact: Coffee Holding Company, Inc. Andrew Gordon (718) 832-0800 http://www.coffeeholding.com or Investor Contact: Aurelius Consulting Group Jeff Wadley or Dave Gentry (407) 644-4256 Email Contact http://www.runonideas.com - ---------- Source: Coffee Holding Co., Inc. -----END PRIVACY-ENHANCED MESSAGE-----