VANCOUVER, British Columbia, Canada – DTS8 Coffee Company, Ltd. (BKCT:OTCQB, BERLIN:9BE) today announced it has signed a Letter of Intent to initiate a joint venture with Cambio Coffee Limited (“Cambio”) purposed to own and operate retail coffee shops in China.
Douglas Thomas, CEO of DTS8, said, “Cambio has successfully managed to cultivate a cult-like following among the younger coffee drinking population in Shanghai. It has hosted and participated in many cultural events successfully to further its strong brand as a premier destination for reliable quality gourmet coffee.”
Thomas continued, “According to a recent China Daily article, Cambio and its founder Sebastian Martin are changing the way Chinese drink coffee. The joint venture will elevate DTS8 to new heights with the addition of new revenue sources while allowing it to leverage its operational risk on the retail direct-to-consumer side of the business.”
Cambio is a premium coffee café operating in Shanghai. Its specialty is serving gourmet coffee to both the expatriate and local Chinese coffee connoisseurs in Shanghai. Since its inception, Cambio has received awards and accolades from many Shanghai-based media organizations.
DTS8 Coffee Company, Ltd. (“DTS8”) is a leading purveyor of fresh, artisan roasted, and gourmet coffee in Shanghai, China.
DTS8 coffees are sold through distribution channels reaching consumers at restaurants, multi-location coffee shops and offices.
