Shares in the penny stock Baristas Coffee Co. Inc. (OTC: BCCI) closed at $0.0985, up 2.07%, yesterday on volume of 1.32 million. There were 131 trades executed with an average trade size of 10,091 on the pink sheets listed penny stock.
Baristas Coffee Co. announced that they have taken measures to upgrade the listing of its penny shares to a senior exchange. Baristas Coffee Co.’s penny stock currently trades on the OTC Pinksheets exchange.
BCCI Stock 5 & 10 Day Averages:
5 Day Percent Change -6.64
5 Day Moving Average 0.0978
5 Day Average Volume 539,442
10 Day Percent Change -12.44
10 Day Moving Average 0.1016
10 Day Average Volume 565,428
BCCI announced that they are in the process of completing the audit of their financials, have engaged legal council specifically for the purpose of handling the financial filings, and hopes to upgrade its penny stock to a senior listing by the end of 2012.
Baristas Coffee Co.’s CEO, Barry Henthorn, said BCCI has experienced strong momentum in its business and believes that an upgrade of its penny stock to a senior exchange would enable the company to attract institutional investors, increase credibility, and provide greater transparency.
Headquartered in the Seattle, WA area, Baristas Coffee Co. Inc. was formed to create a national brand of drive-thru espresso stands. BCCI claims to be accomplishing this by acquiring established businesses that fit its model, opening new locations, and by franchising.
BCCI has separated itself from the competition with its “theme” of joining attractive female baristas in entertaining costumes who prepare the finest beverages available on the market. Baristas Coffee can currently be found in six greater Seattle area locations as well as in Texas, Florida, and Montana.
For more information on Baristas Coffee Co., visit www.baristas.tv
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