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BoNa Coffee Holdings Corp. (BCHC.PK) is “One to Watch”

BoNa Coffee Holdings Corp. is a holding company trading on the Pink Sheets. The Company’s businesses include coffee shops, furniture and jewelry stores, and real estate. They also include a casual wear clothing line, and a spa in Manila, Philippines. BoNa Coffee Holdings Corp.’s head office is in Paranaque City, Philippines.

BoNa Coffee Holdings Corp. is a holding company that has four types of operations. Their Bohemian Nation Trading Corporation engages in the importation and retailing of antique handcrafted Indian furniture. They also market high-end chunky gemstone jewelry. These products are under the brand name/trademark Bohemian Nation Trading Co. They also design and manufacture lifestyle-themed t-shirts under the brand name/trademark BN Attitude. The Bohemian Nation Trading Corporation began in January 2001, as a sole proprietorship.

The Company also has their coffee house brand. Founded in September 2006, Bona Coffee Company focuses on healthy baked goods and unique concoctions. BoNa Coffee Holdings Corp. recently entered into property development, leasing, and management. Their first venture is in the heart of Alabang, a prime business, commercial, and residential area in the south of Manila, Philippines. This venture is under the trade name The Serenity Place. BoNa Coffee Holdings Corp. also has their salon and spa enterprise. They established their Sujiivana Salon and Spa this year.

On January 29, 2009, BoNa Coffee Holdings Corp. announced that their BoNa Coffee Company Westgate branch is now open 24/7. They are now the first free WIFI continuously open coffee shop in the Philippines. This branch is in Westgate Center, Filinvest Corporate City.

Today, BoNa Coffee Holdings Corp. announced they have taken a major step in becoming a U.S. reporting issuer. They retained Dr. Epimaco M. Densing, Jr. CPA, MPA, LLB3, PhD to assist in the audit of their financial statements for their two most recent fiscal years. Dr. Epimaco M. Densing, Jr. is from Densing, Verano & Co., a Manila-based accounting firm. The Manila-based firm is not registered with the U.S. Securities and Exchange Commission’s Public Company Accounting Oversight Board (PCAOB). However BoNa Coffee Holdings Corp. is in the process of retaining a U.S.-based accounting and auditing firm that is registered with the PCAOB. BoNa Coffee Holdings Corp. will be on the way to becoming a U.S. reporting company once that audit starts.

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