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Consumer Defensive - Packaged Foods - NASDAQ - US
$ 6.23
5.77 %
$ 35.6 M
Market Cap
15.97
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Mar, 3, 2025.

The intrinsic value of one JVA stock under the worst case scenario is HIDDEN Compared to the current market price of 6.23 USD, Coffee Holding Co., Inc. is HIDDEN

This DCF valuation model was last updated on Mar, 3, 2025.

The intrinsic value of one JVA stock under the base case scenario is HIDDEN Compared to the current market price of 6.23 USD, Coffee Holding Co., Inc. is HIDDEN

This DCF valuation model was last updated on Mar, 3, 2025.

The intrinsic value of one JVA stock under the best case scenario is HIDDEN Compared to the current market price of 6.23 USD, Coffee Holding Co., Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS
FINANCIALS
78.6 M REVENUE
15.24%
2.96 M OPERATING INCOME
322.54%
2.22 M NET INCOME
365.45%
5.43 M OPERATING CASH FLOW
732.90%
2.84 M INVESTING CASH FLOW
431.45%
-9.63 M FINANCING CASH FLOW
-2271.75%
21.2 M REVENUE
12.76%
1.69 M OPERATING INCOME
135.24%
1.26 M NET INCOME
101.35%
222 K OPERATING CASH FLOW
-87.79%
-36.3 K INVESTING CASH FLOW
22.22%
-1.9 M FINANCING CASH FLOW
-72.76%
Balance Sheet Coffee Holding Co., Inc.
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Current Assets 28.4 M
Cash & Short-Term Investments 1.38 M
Receivables 11.1 M
Other Current Assets 15.9 M
Non-Current Assets 5.64 M
Long-Term Investments 39.7 K
PP&E 1.17 M
Other Non-Current Assets 4.43 M
Current Liabilities 6.85 M
Accounts Payable 2.94 M
Short-Term Debt 307 K
Other Current Liabilities 3.59 M
Non-Current Liabilities 987 K
Long-Term Debt 866 K
Other Non-Current Liabilities 121 K
EFFICIENCY
Earnings Waterfall Coffee Holding Co., Inc.
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Revenue 78.6 M
Cost Of Revenue 62.5 M
Gross Profit 16 M
Operating Expenses 13.1 M
Operating Income 2.96 M
Other Expenses 746 K
Net Income 2.22 M
RATIOS
20.42% GROSS MARGIN
20.42%
3.77% OPERATING MARGIN
3.77%
2.82% NET MARGIN
2.82%
8.47% ROE
8.47%
6.52% ROA
6.52%
7.80% ROIC
7.80%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Coffee Holding Co., Inc.
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Net Income 2.22 M
Depreciation & Amortization 925 K
Capital Expenditures 0
Stock-Based Compensation 0
Change in Working Capital 2.47 M
Others -896 K
Free Cash Flow 5.43 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Coffee Holding Co., Inc.
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JVA has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.07 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Coffee Holding Co., Inc.
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
68.7 K USD 2
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
8 months ago
Jul 01, 2024
Bought 21.5 K USD
GORDON ANDREW
CEO and President
+ 10000
2.15 USD
8 months ago
Jun 28, 2024
Bought 12 K USD
GORDON ANDREW
CEO and President
+ 5000
2.4 USD
8 months ago
Jun 27, 2024
Bought 20.9 K USD
GORDON ANDREW
CEO and President
+ 10000
2.0888 USD
8 months ago
Jun 27, 2024
Bought 14.3 K USD
GORDON DAVID
EVP and COO
+ 6856
2.09 USD
3 years ago
Sep 17, 2021
Bought 21.8 K USD
GORDON DAVID
EVP and Secretary
+ 5000
4.3633 USD
3 years ago
Sep 17, 2021
Bought 4.39 K USD
Thomas George F
Director
+ 1000
4.386 USD
3 years ago
Sep 17, 2021
Bought 2.17 K USD
Rotelli John
Director
+ 500
4.3349 USD
3 years ago
Sep 17, 2021
Bought 21.5 K USD
GORDON ANDREW
CEO and President
+ 5000
4.3 USD
4 years ago
Sep 24, 2020
Bought 2.59 K USD
Rotelli John
Director
+ 750
3.45 USD
4 years ago
Sep 21, 2020
Bought 15.7 K USD
GORDON DAVID
EVP and Secretary
+ 5000
3.142 USD
4 years ago
Sep 21, 2020
Bought 14.5 K USD
GORDON ANDREW
CEO and President
+ 4381
3.3 USD
4 years ago
Sep 18, 2020
Bought 2.04 K USD
GORDON ANDREW
CEO and President
+ 619
3.29 USD
4 years ago
May 13, 2020
Bought 13.4 K USD
Knepper Barry
Director
+ 5067
2.64 USD
4 years ago
May 12, 2020
Bought 26.4 USD
Knepper Barry
Director
+ 10
2.64 USD
4 years ago
Apr 16, 2020
Bought 3.48 K USD
Rotelli John
Director
+ 1290
2.7 USD
4 years ago
Apr 13, 2020
Bought 6.41 K USD
Rotelli John
Director
+ 2158
2.97 USD
4 years ago
Apr 06, 2020
Bought 3.12 K USD
Knepper Barry
Director
+ 1419
2.2 USD
4 years ago
Apr 02, 2020
Bought 220 USD
Knepper Barry
Director
+ 100
2.2 USD
4 years ago
Apr 01, 2020
Bought 3.22 K USD
Knepper Barry
Director
+ 1463
2.2 USD
4 years ago
Mar 27, 2020
Bought 7.67 K USD
Knepper Barry
Director
+ 2949
2.6 USD
4 years ago
Mar 25, 2020
Bought 18.8 K USD
Knepper Barry
Director
+ 7501
2.509 USD
4 years ago
Mar 24, 2020
Bought 6.25 K USD
Knepper Barry
Director
+ 2501
2.5 USD
6 years ago
Jul 11, 2018
Bought 20.6 K USD
GORDON ANDREW
President and CEO
+ 4000
5.15 USD
6 years ago
Mar 16, 2018
Bought 14.5 K USD
GORDON ANDREW
President and CEO
+ 3321
4.38 USD
6 years ago
Mar 15, 2018
Bought 2.97 K USD
GORDON ANDREW
President and CEO
+ 679
4.38 USD
7 years ago
Sep 15, 2017
Bought 4.38 K USD
Dwyer Daniel
Director
+ 1000
4.38 USD
7 years ago
Jun 16, 2017
Bought 22.2 K USD
GORDON DAVID
EVP, Secretary
+ 5000
4.43 USD
7 years ago
Jun 16, 2017
Bought 30.6 K USD
GORDON ANDREW
President and CEO
+ 6934
4.41 USD
7 years ago
Jun 15, 2017
Bought 13.5 K USD
GORDON ANDREW
President and CEO
+ 3066
4.4 USD
7 years ago
Jun 15, 2017
Bought 10.9 K USD
Dwyer Daniel
Director
+ 2500
4.37 USD
7 years ago
Jun 15, 2017
Bought 8.72 K USD
Thomas George F
Director
+ 2000
4.36 USD
7 years ago
Apr 07, 2017
Bought 15.1 K USD
GORDON ANDREW
President and CEO
+ 3300
4.57 USD
7 years ago
Apr 06, 2017
Bought 7.33 K USD
GORDON ANDREW
President and CEO
+ 1600
4.58 USD
7 years ago
Apr 05, 2017
Bought 460 USD
GORDON ANDREW
President and CEO
+ 100
4.6 USD
7 years ago
Apr 04, 2017
Bought 780 USD
GORDON ANDREW
President and CEO
+ 165
4.73 USD
7 years ago
Apr 03, 2017
Bought 22.5 K USD
GORDON ANDREW
President and CEO
+ 4835
4.66 USD
8 years ago
Sep 19, 2016
Bought 43.1 K USD
GORDON ANDREW
President and CEO
+ 8000
5.39 USD
8 years ago
Jun 28, 2016
Bought 24.8 K USD
GORDON ANDREW
President and CEO
+ 4766
5.21 USD
8 years ago
Mar 29, 2016
Bought 800 USD
Dwyer Daniel
Director
+ 200
4 USD
8 years ago
Mar 24, 2016
Bought 10.1 K USD
GORDON ANDREW
President and CEO
+ 2601
3.9 USD
8 years ago
Mar 23, 2016
Bought 4.69 K USD
GORDON ANDREW
President and CEO
+ 1200
3.91 USD
8 years ago
Mar 22, 2016
Bought 788 USD
Dwyer Daniel
Director
+ 200
3.94 USD
9 years ago
Oct 09, 2015
Bought 16.6 K USD
GORDON DAVID
EVP, Secretary
+ 4050
4.11 USD
9 years ago
Oct 09, 2015
Bought 3.08 K USD
Rotelli John
Director
+ 750
4.11 USD
9 years ago
Oct 08, 2015
Bought 20.5 K USD
GORDON ANDREW
President and CEO
+ 5000
4.1 USD
9 years ago
Apr 13, 2015
Bought 4.98 K USD
Knepper Barry
Director
+ 1000
4.98 USD
9 years ago
Apr 06, 2015
Bought 5.07 K USD
Rotelli John
Director
+ 1000
5.07 USD
9 years ago
Mar 13, 2015
Bought 1.64 K USD
GORDON DAVID
EVP, Secretary
+ 342
4.79 USD
9 years ago
Mar 12, 2015
Bought 46 K USD
GORDON DAVID
EVP, Secretary
+ 9658
4.76 USD
9 years ago
Mar 11, 2015
Bought 46.9 K USD
GORDON ANDREW
President and CEO
+ 10000
4.69 USD
10 years ago
Oct 14, 2014
Bought 9.52 K USD
GORDON ANDREW
President and CEO
+ 1730
5.5 USD
10 years ago
Oct 13, 2014
Bought 45.3 K USD
GORDON ANDREW
President and CEO
+ 8270
5.48 USD
10 years ago
Jul 18, 2014
Bought 6.29 K USD
Dwyer Daniel
Director
+ 1000
6.2891 USD
10 years ago
Jul 18, 2014
Bought 6.29 K USD
Dwyer Daniel
Director
+ 1000
6.289 USD
10 years ago
Apr 09, 2014
Sell 648 K USD
GORDON ANDREW
President and CEO
- 80038
8.1 USD
10 years ago
Apr 10, 2014
Sell 348 K USD
GORDON ANDREW
President and CEO
- 44160
7.88 USD
10 years ago
Apr 02, 2014
Sell 7.53 K USD
Rotelli John
Director
- 1000
7.53 USD
11 years ago
May 09, 2013
Sell 152 K USD
GORDON ANDREW
President and CEO
- 21638
7.01 USD
11 years ago
May 09, 2013
Sell 152 K USD
GORDON ANDREW
President and CEO
- 21723
7.01 USD
11 years ago
May 06, 2013
Sell 23.3 K USD
GORDON ANDREW
President and CEO
- 3319
7.01 USD
11 years ago
May 06, 2013
Sell 23.4 K USD
GORDON ANDREW
President and CEO
- 3331
7.01 USD
12 years ago
Sep 12, 2012
Sell 1.07 M USD
GORDON DAVID
Vice President
- 119293
9 USD
12 years ago
Sep 12, 2012
Sell 73.9 K USD
GORDON DAVID
Vice President
- 8214
9 USD
12 years ago
Sep 12, 2012
Sell 73.7 K USD
GORDON DAVID
Vice President
- 8191
9 USD
12 years ago
Sep 12, 2012
Sell 1.02 M USD
GORDON ANDREW
President and CEO
- 113116
9 USD
12 years ago
Sep 12, 2012
Sell 74.1 K USD
GORDON ANDREW
President and CEO
- 8229
9 USD
12 years ago
Sep 12, 2012
Sell 73.8 K USD
GORDON ANDREW
President and CEO
- 8197
9 USD
12 years ago
Jul 02, 2012
Bought 5.95 K USD
Rotelli John
Director
+ 1000
5.95 USD
12 years ago
May 01, 2012
Sell 571 K USD
GORDON DAVID
Vice President
- 62344
9.16 USD
12 years ago
May 02, 2012
Sell 30.4 K USD
GORDON DAVID
Vice President
- 3369
9.01 USD
12 years ago
May 01, 2012
Sell 179 K USD
GORDON DAVID
Vice President
- 19648
9.12 USD
12 years ago
May 02, 2012
Sell 6.52 K USD
GORDON DAVID
Vice President
- 724
9.01 USD
12 years ago
May 01, 2012
Sell 589 K USD
GORDON DAVID
Vice President
- 64344
9.16 USD
12 years ago
May 02, 2012
Sell 30.4 K USD
GORDON DAVID
Vice President
- 3369
9.01 USD
12 years ago
May 01, 2012
Sell 179 K USD
GORDON DAVID
Vice President
- 19648
9.12 USD
12 years ago
May 02, 2012
Sell 6.52 K USD
GORDON DAVID
Vice President
- 724
9.01 USD
12 years ago
May 01, 2012
Sell 687 K USD
GORDON ANDREW
President and CEO
- 75117
9.14 USD
12 years ago
May 02, 2012
Sell 34.8 K USD
GORDON ANDREW
President and CEO
- 3857
9.01 USD
12 years ago
Apr 04, 2012
Sell 1.27 M USD
GORDON DAVID
Vice President
- 125000
10.17 USD
12 years ago
Apr 05, 2012
Sell 1.18 M USD
GORDON DAVID
Vice President
- 125000
9.47 USD
12 years ago
Apr 04, 2012
Sell 305 K USD
GORDON DAVID
Vice President
- 30000
10.17 USD
12 years ago
Apr 05, 2012
Sell 284 K USD
GORDON DAVID
Vice President
- 30000
9.48 USD
12 years ago
Apr 04, 2012
Sell 1.57 M USD
GORDON ANDREW
President and CEO
- 145000
10.81 USD
12 years ago
Apr 05, 2012
Sell 1.37 M USD
GORDON ANDREW
President and CEO
- 145000
9.47 USD
13 years ago
Sep 29, 2011
Bought 8.6 K USD
Dwyer Daniel
Director
+ 1000
8.6 USD
13 years ago
Sep 30, 2011
Sell 992 K USD
GORDON DAVID
Vice President
- 100000
9.92 USD
13 years ago
Sep 30, 2011
Sell 992 K USD
GORDON ANDREW
President and CEO
- 100000
9.92 USD
13 years ago
Jul 12, 2011
Sell 1.27 M USD
GORDON ANDREW
President and CEO
- 55000
23.01 USD
13 years ago
Jul 12, 2011
Sell 830 K USD
GORDON ANDREW
President and CEO
- 34350
24.17 USD
13 years ago
Jul 12, 2011
Sell 1.15 M USD
GORDON ANDREW
President and CEO
- 45650
25.12 USD
13 years ago
Jul 12, 2011
Sell 129 K USD
GORDON ANDREW
President and CEO
- 5000
25.81 USD
13 years ago
Jul 12, 2011
Sell 1.15 M USD
GORDON DAVID
Vice President
- 50000
22.94 USD
13 years ago
Jul 12, 2011
Sell 716 K USD
GORDON DAVID
Vice President
- 30000
23.88 USD
13 years ago
Jul 12, 2011
Sell 1.5 M USD
GORDON DAVID
Vice President
- 60000
25.01 USD
13 years ago
Jul 11, 2011
Sell 3.05 K USD
Dwyer Daniel
Director
- 100
30.54 USD
13 years ago
Jul 11, 2011
Sell 3.05 K USD
Dwyer Daniel
Director
- 100
30.53 USD
13 years ago
Jul 11, 2011
Sell 3.05 K USD
Dwyer Daniel
Director
- 100
30.54 USD
13 years ago
Jul 11, 2011
Sell 12.2 K USD
Dwyer Daniel
Director
- 400
30.54 USD
14 years ago
Jun 15, 2010
Sell 33 K USD
Knepper Barry
Director
- 6000
5.5 USD
16 years ago
Feb 19, 2009
Sell 198 USD
Dwyer Daniel
Director
- 300
0.66 USD
16 years ago
Feb 19, 2009
Sell 142 USD
Dwyer Daniel
Director
- 200
0.71 USD
17 years ago
Apr 25, 2007
Bought 24 K USD
Knepper Barry
Director
+ 6000
4 USD
17 years ago
Apr 16, 2007
Bought 2.04 K USD
Dwyer Daniel
Director
+ 500
4.08 USD
19 years ago
Oct 13, 2005
Bought 4.75 K USD
GORDON ANDREW
President and CEO
+ 1000
4.75 USD
19 years ago
Oct 13, 2005
Bought 43.6 K USD
GORDON ANDREW
President and CEO
+ 9000
4.85 USD
7. News
Retail Coffee Chains Market Projected to Reach USD 176.65 Billion by 2032 | Starbucks, Costa Coffee, Second Cup “Starbucks aims to open 1,000 stores in India by 2028, tapping into the booming coffee market in tier-2 and tier-3 cities” “Starbucks aims to open 1,000 stores in India by 2028, tapping into the booming coffee market in tier-2 and tier-3 cities” globenewswire.com - 1 week ago
Reborn Coffee Dubai Drives European Flagship Expansion into Vienna, Florence, And Prague Strengthening Global Presence with Premium Specialty Coffee, Tea, And Bakery Experiences Across Europe BREA, Calif., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (Nasdaq: REBN), a leader in the specialty coffee market, today announced that Reborn Coffee Dubai, the Middle Eastern hub of Reborn Coffee's international expansion, is spearheading a bold new initiative to establish flagship locations in Europe. globenewswire.com - 1 week ago
NEXE Innovations makes third compostable coffee pod delivery to Bridgehead Coffee NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF) announced that it has made its third delivery to Bridgehead Coffee, fulfilling a purchase order placed at the end of January. This delivery is part of a two-year master manufacturing agreement established in December 2024, under which NEXE supplies Bridgehead with its compostable coffee pods. proactiveinvestors.com - 1 week ago
Reborn Coffee Secures Commitments for 33 New Locations Through Strategic Franchise Area Development Partnerships Following Successful Seminar Reborn Coffee Strengthens Nationwide and International Growth with Newly Signed Area Development Agreements BREA, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (Nasdaq: REBN), a leader in the specialty coffee market, today announced the signing of commitments for 33 new locations through a combination of area development and franchise agreements following its highly successful Franchise Seminar held on February 14-15 at Reborn Coffee's Headquarters. globenewswire.com - 1 week ago
Why Drive Thru Coffee Chain Dutch Bros Stock Is Flying High Fast growing Oregon-originated drive-thru coffee chain Dutch Bros ended its fiscal year on a high, beating expected earnings and revenue and, earlier this month, opening its 1,000th outlet, in Orlando, Fla. forbes.com - 2 weeks ago
Luckin Coffee to Announce Fourth Quarter and Full Year 2024 Financial Results on February 20, 2025 BEIJING, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (OTC: LKNCY) will release its fourth quarter and full year 2024 financial results before the U.S. market opens on Thursday, February 20, 2025. globenewswire.com - 2 weeks ago
Happy Belly's Smile Tiger Coffee Roasters Signs 25-Unit Area Development Agreement in British Columbia Toronto, Ontario--(Newsfile Corp. - February 13, 2025) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leading consolidator of emerging food brands is happy to announce that, as of February 12th, 2025 it has signed an area development agreement for the province of British Columbia to open 25 new franchised locations of its newest acquisition that closed on January 27th, 2025, Smile Tiger Coffee Roasters ("Smile Tiger"), an emerging brand in the quick service beverage industry. Smile Tiger 1 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6625/240754_050880fe34745b7f_001full.jpg "As we continue to focus on asset light growth, it made so much sense to partner with Scott Grandin who is easily one of the top Area Developers in Canada's QSR industry," said Sean Black, Chief Executive Officer of Happy Belly. newsfilecorp.com - 2 weeks ago
Reborn Coffee Announces Financing Commitments of up to $60.0 Million BREA, Calif., Feb. 07, 2025 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (Nasdaq: REBN), a leader in the specialty coffee market, today announced has entered into a securities purchase agreement and a common stock purchase agreement for up to a total of $60 million in financing commitments with Arena Investors, LP (“Arena”) and Arena Business Solutions Global SPC II, Ltd. globenewswire.com - 3 weeks ago
Farmer Brothers Coffee reports second quarter fiscal 2025 financial results Farmer Brothers Coffee reported its second quarter results, including net sales of $90 million, gross margins of 43.1% and adjusted EBITDA of $5.9 million. globenewswire.com - 3 weeks ago
Coffee Holding Co., Inc. reports third-best yearly performance in Company's twenty-year history of being a publicly-traded company. STATEN ISLAND, New York, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Coffee Holding Co., Inc. (Nasdaq: JVA) (the “Company” or “we”) announced its operating results for the fiscal year ended October 31, 2024: globenewswire.com - 4 weeks ago
Coffee Holding Reports Strong Finish To FY2024 With More Upside Ahead - Buy Coffee Holding finished FY2024 on a very strong note, with sales and profitability reaching new multi-year highs. The ongoing expansion of the company's packaged coffee operations in combination with successful hedging activities continues to benefit margins. The recent acquisition of Empire Coffee's assets should not only result in a sizeable bargain purchase gain but also bolster the company's private label coffee business and provide for material. seekingalpha.com - 4 weeks ago
United States New Age Beverages Markets through 2028: Focus on Coconut Water, High-end CSDs, Energy drinks, Kombucha, Plant Water, Probiotics, Protein Drinks, RTD Tea and Coffee, Single Serve Drinks Dublin, Jan. 30, 2025 (GLOBE NEWSWIRE) -- The "New Age Beverages in the U.S. through 2028" report from Beverage Marketing has been added to ResearchAndMarkets.com's offering. globenewswire.com - 1 month ago
8. Profile Summary

Coffee Holding Co., Inc. JVA

image
COUNTRY US
INDUSTRY Packaged Foods
MARKET CAP $ 35.6 M
Dividend Yield 0.00%
Description Coffee Holding Co., Inc. manufactures, roasts, packages, markets, and distributes roasted and blended coffees in the United States, Australia, Canada, England, and China. The company offers wholesale green coffee products, which include unroasted raw beans of approximately 90 varieties that are sold to large, medium, and small roasters, as well as coffee shop operators. It also roasts, blends, packages, and sells coffee under private labels. As of October 31, 2021, the company supplied private label coffee under approximately 21 labels to wholesalers and retailers in cans, brick packages, and instants of various sizes. In addition, it roasts and blends company label branded coffee to supermarkets, wholesalers, and individually owned and multi-unit retail customers. Further, the company offers tabletop coffee roasting equipment, instant coffees, and tea products for its customers. Its coffee brands include Cafe Caribe, Don Manuel, S&W, Cafe Supremo, Via Roma, Premier Roasters, Harmony Bay, and Steep and Brew. The company was formerly known as Transpacific International Group Corp and changed its name to Coffee Holding Co., Inc. in April 1998. Coffee Holding Co., Inc. was founded in 1971 and is headquartered in Staten Island, New York.
Contact 3475 Victory Boulevard, Staten Island, NY, 10314 https://coffeeholding.com
IPO Date May 3, 2005
Employees 92
Officers Mr. Sterling Gordon Founder Mr. Robert Penrose Chief Operating Officer of Sonofresco Mr. Erik Hansen Executive Vice President of Sales Mr. Andrew Gordon Chairman, President, Chief Executive Officer, Chief Financial Officer & Treasurer Mr. David Gordon Executive Vice President of Operations, Secretary & Director