Reborn Coffee and Hour Loop Expand Partnership on Amazon with Launch of Exclusive Organic Volcanic Tea
25 October 2023 - 11:31PM
Reborn Coffee, Inc. (NASDAQ: REBN) (“Reborn”, or the “Company”), a
California-based retailer of specialty coffee, and Hour Loop, Inc.
(NASDAQ: HOUR), a leading online retailer engaged in e-commerce,
today announced an expanded partnership to offer new Reborn branded
Organic Volcanic Tea through the Amazon Marketplace program.
Reborn’s new Organic Volcanic Tea is sourced
from the Big Island of Hawaii where tea plants are grown on
volcanic slopes within a rainforest 3,500 feet above sea level. The
premium tea is low in caffeine, rich in antioxidants and other
beneficial compounds, along with a strong pure flavor. Initial teas
to be sold on Amazon Marketplace.
The partnership with Hour Loop extends the
recently announced agreement to purchase, carry and handle Reborn
coffee products as well as manage listings, logistics, marketing,
inventory management, price monitoring and platform integration on
Amazon Marketplace.
“Hour Loop's dominant position on Amazon and
e-commerce expertise will be an excellent venue for the launch of
our new line of Organic Volcanic Teas,” said Jay Kim, Chief
Executive Officer of Reborn. “We have been impressed with the team
at Hour Loop as we prepare to begin offering our coffee products on
their platform and believe its sales experience and expansive reach
on Amazon will help to rapidly scale sales to our retail chain
coming 2024.
“Our tea and tea latte products continue to grow
in popularity at retail locations as an alternative to coffee
products for health consciousness consumers. We are excited to add
to our various organic blends from Rishi Tea with our new Hawaiian
Organic Volcanic Tea, which has a distinctive flavor and quality
derived from the volcanic soil in which the tea plants grow,”
concluded Kim.
Sam Lai, CEO of Hour Loop, added, “Our
partnership with Reborn will leverage its unique coffee and tea
products with our sales experience to ensure its Amazon debut is a
seamless experience for customers. We look forward to scaling sales
of all Reborn’s exceptional products on our platform and offering
an optimized e-commerce solution.”
About Hour Loop, Inc.
Hour Loop (NASDAQ: HOUR), is an online retailer
engaged in e-commerce retailing in the U.S. market. It has operated
as a third-party seller on www.amazon.com and has sold merchandise
on its website at www.hourloop.com since 2013. Hour Loop further
expanded its operations to other marketplaces such as Walmart,
eBay, and Etsy. To date, Hour Loop has generated practically all
its revenue as a third-party seller on www.amazon.com and only a
negligible amount of revenue from its own website and other
marketplaces. Hour Loop manages more than 100,000 stock-keeping
units (“SKUs”). Product categories include home/garden décor, toys,
kitchenware, apparel, and electronics. Hour Loop’s primary strategy
is to bring most of its vendors’ product selections to the
customers. It has advanced software that assists Hour Loop in
identifying product gaps so it can keep such products in stock
year-round including the entirety of the last quarter (holiday
season) of the calendar year. In upcoming years, Hour Loop plans to
expand its business rapidly by increasing the number of business
managers, vendors, and SKUs. For more information visit
www.hourloop.com.
About Reborn Coffee
Reborn Coffee, Inc. (NASDAQ: REBN) is focused on
serving high quality, specialty-roasted coffee at retail locations,
kiosks, and cafes. Reborn is an innovative company that strives for
constant improvement in the coffee experience through exploration
of new technology and premier service, guided by traditional
brewing techniques. Reborn believes they differentiate themselves
from other coffee roasters through innovative techniques, including
sourcing, washing, roasting, and brewing their coffee beans with a
balance of precision and craft. For more information, please visit
www.reborncoffee.com.
Forward-Looking Statements
All statements in this release that are not
based on historical fact are “forward-looking statements.” While
management has based any forward-looking statements included in
this release on its current expectations, the information on which
such expectations were based may change. Forward-looking statements
involve inherent risks and uncertainties which could cause actual
results to differ materially from those in the forward-looking
statements, as a result of various factors including those risks
and uncertainties described in the Risk Factors and Management’s
Discussion and Analysis of Financial Condition and Results of
Operations sections of our recent filings with the Securities and
Exchange Commission (“SEC”) including our Form 10-Q for the second
quarter of 2023, which can be found on the SEC’s website at
www.sec.gov. Such risks, uncertainties, and other factors include,
but are not limited to, the Company’s ability to continue as a
going concern as indicated in an explanatory paragraph in the
Company’s independent registered public accounting firm’s audit
report as a result of recurring net losses, among other things, the
Company’s ability to successfully open the additional locations
described herein as planned or at all, the Company’s ability to
expand its business both within and outside of California
(including as it relates to increasing sales and growing Average
Unit Volumes at our existing stores), the degree of customer
loyalty to our stores and products, the impact of COVID-19 on
consumer traffic and costs, the fluctuation of economic conditions,
competition and inflation. We urge you to consider those risks and
uncertainties in evaluating our forward-looking statements. We
caution readers not to place undue reliance upon any such
forward-looking statements, which speak only as of the date made.
The Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
Contacts
Investor Relations Contact:Chris TysonExecutive
Vice PresidentMZ North AmericaREBN@mzgroup.us 949-491-8235
Company Contact:Reborn Coffee,
Inc.ir@reborncoffee.com
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