Swiss Water Decaffeinated Coffee, Inc. TSX:SWP
Swiss Water Decaffeinated Coffee Income Fund announces slow Colombian coffee shipments will result in some expected Q4 2007 process volumes moving into Q1 2008
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BURNABY, BC, Dec. 6 /CNW/ - Swiss Water Decaffeinated Coffee Income Fund (TSX symbol: SWS.UN) today announced that a key customer is continuing to experience significant delays in receiving their Q4 2007 contracted Colombian coffees from a key supplier at origin. This will affect the projected process volumes for the company (Swiss Water Decaffeinated Coffee Co. Inc.) in Q4 of 2007. It is now expected that 2007 year-over-year process volumes will be down slightly versus 2006. The company also expects that the bulk of the delayed Colombian coffees from Q4 2007 will now be processed in Q1 of 2008. The company does not expect this matter to impact the amount of its monthly unitholder distributions.
The Fund owns Swiss Water Decaffeinated Coffee Company Inc., a premium green coffee decaffeinator located in Burnaby, British Columbia, Canada. The SWISS WATER(R) Process is a 100% chemical free, proprietary decaffeination process used by premium roasters and demanded by discerning health conscious decaffeinated coffee drinkers around the world. SWISS WATER(R) is the world's only branded decaffeination process and supports its brand through ongoing consumer research and focused consumer advertising.
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