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DOCASA, Inc. (DCSA)
DOCASA, Inc. focuses on investing in the fast-growing specialty coffee market, primarily in the United Kingdom. The company, by way of its subsidiary, Department of Coffee and Social Affairs Ltd. (London, England) has established and is growing an award-winning, market leading UK specialty coffee shop and online retail business. DOCASA has its corporate headquarters in Schaumburg, Illinois, and the company's shares trade on the OTCQB.
DOCASA'S stores sell proprietary coffee and related products, and also complementary food and snacks. In addition, the company is pursuing franchising and/or licensing of its branded shops and premium product offerings outside of the UK. This is in countries where the premium coffee market is quickly expanding.
Last week, DOCASA, via its award-winning subsidiary, Department of Coffee and Social Affairs Limited announced the securing of its first coffee shop site in Manchester, UK. This new site is on the ground floor of Faulkner House, which is a 25,000-sq. ft. building of serviced offices, in Manchester's Piccadilly Gardens area.
The new site will be the Department of Coffee and Social Affairs' flagship store as well as barista training hub in the northern part of England. Moreover, it will act as a co-work space for professionals, with hot desks, breakout spaces, as well as meeting rooms available to rent by the hour.
Department of Coffee and Social Affairs served its first coffee in December of 2010 at Leather Lane, London. It has subsequently opened many coffee shops across the UK as part of it roll out strategy to become a nationwide specialty coffee enterprise. Department of Coffee and Social Affairs operates in destination sites across London and the UK and no two shops look alike.
Recently, DOCASA, via its Department of Coffee and Social Affairs, announced the appointment of Mr. Michael Chuter, FCA, CMIIA. Mr. Chuter will be the Senior Non-Executive Director of Department of Coffee and Social Affairs.
He will have oversight of financial reporting and corporate governance. Mr. Chuter is a Fellow of the United Kingdom's Institute of Chartered Accountants and the Institute of Internal Auditors. He has Board level experience across the public, private, and voluntary sectors.
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