HONOLULU, March 31 /PRNewswire-FirstCall/ -- Pacific Land and Coffee Corporation (OTC Bulletin Board: PLFF) announced today that it has issued shares in a private placement at $2.00 per share for $20,000 cash and the conversion of debt of $79,548. The debt represents amounts advanced by officers and directors plus accrued interest.

Pacific Land and Coffee Corporation operates in two market segments. Through its Coscina Brothers Coffee subsidiary, it sells private label coffee to wholesale and retail accounts nationally and internationally, and brokers green bean coffee internationally. Its Integrated Coffee Technologies subsidiary is marketing nematode resistant coffee plants and has genetically engineered coffee plants under development. These coffee plants are designed to produced controlled bean ripening for more efficient harvesting, as well as naturally caffeine-free beans.

Note: Except for the historical information contained herein, this new release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third-party manufacturers, product commercialization, competition, litigation, and the other risk factors listed from time to time in reports filed by Pacific Land and Coffee Corporation with the Securities and Exchange Commission. The forward-looking statements contained in this news release represent judgments of the management of Pacific Land and Coffee Corporation as of the date of this release.

SOURCE Pacific Land and Coffee Corporation