Coffee Holding board approves $2.5M share repurchase program for NASDAQ-listed JVA

COFFEE HOLDING CO INC

Board approved repurchasing up to $2.5 million in value of common stock, par value $0.001, on the open market and in privately negotiated transactions.
Repurchases to be funded with available cash and future cash flow from operations; may be executed partly under a Rule 10b5-1 plan.
CEO Andrew Gordon said the current stock price "does not truly account for the positive underlying fundamentals," citing a strong balance sheet and improved results over recent quarters.
Timing and amount depend on market conditions and other factors; the program may be discontinued or suspended at any time.
Gordon noted the company has historically returned capital, including previous cash dividends, and intends to keep creating stockholder value.

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