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<SEC-DOCUMENT>0001116502-10-000092.txt : 20100127
<SEC-HEADER>0001116502-10-000092.hdr.sgml : 20100127
<ACCEPTANCE-DATETIME>20100127171529
ACCESSION NUMBER:		0001116502-10-000092
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20100127
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20100127
DATE AS OF CHANGE:		20100127

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COFFEE HOLDING CO INC
		CENTRAL INDEX KEY:			0001007019
		STANDARD INDUSTRIAL CLASSIFICATION:	BEVERAGES [2080]
		IRS NUMBER:				113860760
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32491
		FILM NUMBER:		10551328

	BUSINESS ADDRESS:	
		STREET 1:		4401 FIRST AVENUE
		STREET 2:		STE 1507
		CITY:			BROOKLYN
		STATE:			NY
		ZIP:			11232
		BUSINESS PHONE:		7188320800

	MAIL ADDRESS:	
		STREET 1:		4401 FIRST AVENUE
		STREET 2:		STE 1507
		CITY:			BROOKLYN
		STATE:			NY
		ZIP:			11232

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TRANSPACIFIC INTERNATIONAL GROUP CORP
		DATE OF NAME CHANGE:	19960201
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>jva_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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<TITLE>COFFEE HOLDING CO., INC.</TITLE>
<META NAME="date" CONTENT="01/26/2010">
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<P style="margin:0px" align=center><BR></P>
<P style="margin-top:0px; margin-bottom:2.2px; padding-bottom:4px; border-bottom:4px solid #000000" align=right>&nbsp;</P>
<P style="margin:0px; padding-top:4px; border-top:1.333px solid #000000" align=right>&nbsp;</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center><B>Washington, D.C. 20549</B></P>
<P style="line-height:12.5pt; margin-top:3.533px; margin-bottom:3.533px; font-size:10.5pt" align=center><B><SUP>_____________</SUP></B></P>
<P style="line-height:16pt; margin-top:18.667px; margin-bottom:0px; font-size:14pt" align=center><B>FORM 8-K</B></P>
<P style="line-height:12.5pt; margin-top:3.533px; margin-bottom:3.533px; font-size:10.5pt" align=center><B><SUP>_____________</SUP></B></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:6.667px" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0px" align=center><B>Pursuant to Section 13 or 15(d) of </B></P>
<P style="margin-top:0px; margin-bottom:13.333px" align=center><B>The Securities Exchange Act of 1934</B></P>
<P style="margin-top:0px; margin-bottom:13.333px" align=center>Date of Report (Date of earliest event reported): &nbsp;<B>January&nbsp;27, 2010</B></P>
<P style="line-height:12.5pt; margin-top:3.533px; margin-bottom:3.533px; font-size:10.5pt" align=center><B><SUP>_____________</SUP></B></P>
<P style="line-height:20pt; margin-top:24px; margin-bottom:0px; font-size:18pt" align=center><B>COFFEE HOLDING CO., INC.</B></P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:5.333px; font-size:8pt" align=center><I>(Exact name of registrant as specified in its charter)</I></P>
<P style="line-height:12.5pt; margin-top:0px; margin-bottom:3.533px; font-size:10.5pt" align=center><B><SUP>_____________</SUP></B></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=208></TD><TD width=208.067></TD><TD width=207.933></TD></TR>
<TR><TD valign=bottom width=208><P style="margin:0px" align=center><B>Nevada</B></P>
</TD><TD valign=bottom width=208.067><P style="margin:0px" align=center><B>001-32491</B></P>
</TD><TD valign=bottom width=207.933><P style="margin:0px" align=center><B>11-2238111</B></P>
</TD></TR>
<TR><TD valign=bottom width=208><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>(State or other jurisdiction</I></P>
</TD><TD valign=bottom width=208.067><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>(Commission</I></P>
</TD><TD valign=bottom width=207.933><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>(IRS Employer</I></P>
</TD></TR>
<TR><TD valign=bottom width=208><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>of incorporation)</I></P>
</TD><TD valign=bottom width=208.067><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>File Number)</I></P>
</TD><TD valign=bottom width=207.933><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>Identification No.)</I></P>
</TD></TR>
</TABLE>
<P style="margin-top:13.333px; margin-bottom:0px" align=center><B>3475 Victory Boulevard, Staten Island, New York 10314</B></P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:10.667px; font-size:8pt" align=center><I>(Address of principal executive offices)(Zip Code)</I></P>
<P style="margin:0px" align=center><B>(718) 832-0800</B></P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:10.667px; font-size:8pt" align=center><I>Registrant&#146;s telephone number, including area code</I></P>
<P style="margin-top:6.667px; margin-bottom:0px" align=center><B>Not Applicable</B></P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:16px; font-size:8pt" align=center><I>(Former name or former address, if changed since last report.)</I></P>
<P style="margin-top:0px; margin-bottom:20px">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</P>
<P style="margin-top:0px; margin-bottom:7.867px; font-family:Wingdings">&#168;<FONT style="font-family:Times New Roman"> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
<P style="margin-top:0px; margin-bottom:7.733px; font-family:Wingdings">&#168;<FONT style="font-family:Times New Roman"> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
<P style="margin-top:0px; margin-bottom:7.733px; font-family:Wingdings">&#168;<FONT style="font-family:Times New Roman"> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>
<P style="margin-top:0px; margin-bottom:2.267px; font-family:Wingdings">&#168;<FONT style="font-family:Times New Roman"> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>
<P style="margin-top:0px; margin-bottom:2.2px; padding-bottom:4px; border-bottom:1.333px solid #000000">&nbsp;</P>
<P style="margin:0px; padding-top:4px; border-top:4px solid #000000">&nbsp;</P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
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<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-72px"><B>Item 2.02.</B></P>
<P style="margin-top:0px; margin-bottom:11.133px; padding-left:72px"><B>Results of Operations and Financial Condition.</B></P>
<P style="margin-top:0px; margin-bottom:11.133px; text-indent:48px" align=justify>On January&nbsp;27, 2010, Coffee Holding Co., Inc. (the &#147;Company&#148; or &#147;Coffee Holding&#148;) issued a press release disclosing certain information regarding its results of operations for the year ended October&nbsp;31, 2009. A copy of the press release is furnished under Item 2.02 as Exhibit&nbsp;99.1.</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:48px" align=justify>The information included in this Item 2.02, and Exhibit&nbsp;99.1 to this Current Report on Form&nbsp;8-K, shall not be deemed &#147;filed&#148; for the purposes of or otherwise subject to the liabilities under Section&nbsp;18 of the Securities Exchange Act of 1934 as amended (the &#147;Exchange Act&#148;). Unless expressly incorporated into a filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act made after the date hereof, the information contained in this Item 2.02 and Exhibit&nbsp;99.1 hereto shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing. </P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-72px"><B>Item 9.01.</B></P>
<P style="margin-top:0px; margin-bottom:11.133px; padding-left:72px"><B>Financial Statements and Exhibits.</B></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:80px; text-indent:-32px" align=justify>(d)</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:80px" align=justify>The following exhibit is furnished with this report:</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=80></TD><TD width=13.333></TD><TD width=529.333></TD><TD width=1.333></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=80><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Exhibit&nbsp;No.</B></P>
</TD><TD valign=top width=13.333><P style="margin:0px; font-size:8pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=529.333><P style="line-height:10pt; margin:0px; font-size:8pt"><B>Description</B></P>
</TD><TD valign=top width=1.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=80><P>&nbsp;</P></TD><TD valign=top width=13.333><P>&nbsp;</P></TD><TD valign=top width=529.333><P>&nbsp;</P></TD><TD valign=top width=1.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=80><P style="margin:0px; color:#0000FF" align=center><A HREF="jva_ex991.htm"><U>99.1</U></A><FONT style="color:#000000"></FONT></P>
</TD><TD valign=top width=13.333><P>&nbsp;</P></TD><TD valign=top width=529.333><P style="margin:0px">Press release, dated January&nbsp;27, 2010, issued by Coffee Holding entitled &#147;Coffee Holding Co., Inc. Reports Year End Results&#148;</P>
</TD><TD valign=top width=1.333><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin:0px" align=center>2</P>
<P style="margin:0px"><BR></P>
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<P style="margin:0px; page-break-before:always" align=center><BR></P>
<P style="margin-top:0px; margin-bottom:20px" align=center><B>SIGNATURES</B></P>
<P style="margin-top:0px; margin-bottom:20px; text-indent:48px">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P style="margin-top:0px; margin-bottom:8.867px; text-indent:48px">Dated: January&nbsp;27, 2010</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=338.333></TD><TD width=42.533></TD><TD width=243.133></TD></TR>
<TR><TD valign=top width=338.333><P>&nbsp;</P></TD><TD valign=top width=285.667 colspan=2><P style="margin:0px"><B>COFFEE HOLDING CO., INC.</B></P>
</TD></TR>
<TR><TD valign=top width=338.333><P>&nbsp;</P></TD><TD valign=top width=42.533><P>&nbsp;</P></TD><TD valign=top width=243.133><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=338.333><P>&nbsp;</P></TD><TD valign=top width=42.533><P>&nbsp;</P></TD><TD valign=top width=243.133><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=338.333><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top width=42.533><P style="margin:0px">By:</P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=243.133><P style="line-height:normal; margin:0px">/s/ A<FONT style="font-size:6pt">NDREW</FONT> G<FONT style="font-size:6pt">ORDON</FONT></P>
</TD></TR>
<TR><TD valign=top width=338.333><P>&nbsp;</P></TD><TD valign=top width=42.533><P style="margin:0px">Name: </P>
</TD><TD valign=top width=243.133><P style="margin:0px">Andrew Gordon </P>
</TD></TR>
<TR><TD valign=top width=338.333><P>&nbsp;</P></TD><TD valign=top width=42.533><P style="margin:0px">Title:</P>
</TD><TD valign=top width=243.133><P style="margin:0px">President and Chief Executive Officer</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px" align=center>3</P>
<P style="margin:0px"><BR></P>
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<P style="margin-top:0px; margin-bottom:20px" align=center><B>EXHIBIT INDEX</B></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=80></TD><TD width=13.333></TD><TD width=529.333></TD><TD width=1.333></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=80><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Exhibit&nbsp;No.</B></P>
</TD><TD valign=top width=13.333><P style="margin:0px; font-size:8pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=529.333><P style="line-height:10pt; margin:0px; font-size:8pt"><B>Description</B></P>
</TD><TD valign=top width=1.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=80><P>&nbsp;</P></TD><TD valign=top width=13.333><P>&nbsp;</P></TD><TD valign=top width=529.333><P>&nbsp;</P></TD><TD valign=top width=1.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=80><P style="margin:0px; color:#0000FF" align=center><A HREF="jva_ex991.htm"><U>99.1</U></A><FONT style="color:#000000"></FONT></P>
</TD><TD valign=top width=13.333><P>&nbsp;</P></TD><TD valign=top width=529.333><P style="margin:0px">Press release, dated January&nbsp;27, 2010, issued by Coffee Holding entitled &#147;Coffee Holding Co., Inc. Reports Year End Results&#148;</P>
</TD><TD valign=top width=1.333><P>&nbsp;</P></TD></TR>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>jva_ex991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
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<TITLE>Coffee Holding Co., Inc.</TITLE>
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<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; font-size:11pt" align=right><B>EXHIBIT 99.1</B></P>
<P style="line-height:14pt; margin:0px; font-size:12pt"><B>FOR IMMEDIATE RELEASE</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center><B>Coffee Holding Co., Inc. Reports Year End Results</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:13.333px; font-size:12pt">BROOKLYN, New York &#150; January 27, 2010. &nbsp;Coffee Holding Co., Inc. (AMEX: JVA) today announced its operating results for the year ended October 31, 2009. &nbsp;In this release, the Company:</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; padding-left:24px; text-indent:-24px; font-family:Symbol; font-size:12pt">&#183;</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:13.333px; padding-left:24px; font-size:12pt">Reports net income of $3,291,066, or $0.60 per share (basic and diluted) for the year ended October 31, 2009;</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; padding-left:24px; text-indent:-24px; font-family:Symbol; font-size:12pt">&#183;</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:13.333px; padding-left:24px; font-size:12pt">Reports net sales of $74,451,673 for the year ended October 31, 2009; and</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; padding-left:24px; text-indent:-24px; font-family:Symbol; font-size:12pt">&#183;</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:13.333px; padding-left:24px; font-size:12pt">Reports sales growth of 4.6% for the year ended October 31, 2009 compared to the year ended October 31, 2008.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:13.333px; font-size:12pt">The Company had net income of $3,291,066, or $0.60 per share (basic and diluted) for the year ended October 31, 2009 compared to a net loss of ($2,597,294) or ($0.47) per share (basic and diluted) for the year ended October 31, 2008. &nbsp;The increase in net income primarily reflects an increase in net sales and a decrease in cost of sales, which resulted in an increase in gross profit, and a $1,955,847 increase in other income resulting from the sale of our Brooklyn, New York facility.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:13.333px; font-size:12pt">Net sales totaled $74,451,673 for the fiscal year ended October 31, 2009, an increase of $3,265,361 or 4.6% from $71,186,312 for the fiscal year ended October 31, 2008. &nbsp;The increase in net sales reflects higher coffee prices during fiscal year 2009 as compared to fiscal year 2008, as well as the Company&#146;s focus on producing and selling higher margin products.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:13.333px; font-size:12pt">Cost of sales for the fiscal year ended October 31, 2009 was $64,439,494 or 86.6% of net sales, as compared to $68,762,310 or 96.6% of net sales for the fiscal year ended October 31, 2008. &nbsp;Cost of sales consists primarily of the cost of green coffee and packaging materials and realized and unrealized gains or losses on hedging activity. &nbsp;The decrease in cost of sales reflects the decreased cost of green coffee and gains on options and futures contracts as the Company held favorable positions in both throughout fiscal year 2009.<B> &nbsp;</B></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:13.333px; font-size:12pt">Total operating expenses increased $26,516 or 0.42% to $6,389,050 for the fiscal year ended October 31, 2009 from $6,362,534 for the fiscal year ended October 31, 2008 due to increases in bad debt expense and officers&#146; salaries, partially offset by a decrease in selling and administrative expense. &nbsp;Selling and administrative expenses decreased $183,675 or 3.2% to $5,530,357 for the year ended October 31, 2009 from $5,714,032 for 2008. &nbsp;</P>
<P style="line-height:14pt; margin:0px; font-size:12pt">&#147;We are extremely pleased with our year end results. &nbsp;&nbsp;Following the difficulties we experienced last year, we endeavored to take action to improve our performance. &nbsp;A combined effort of cost analysis and profitability modeling was done on an account by account basis to help us achieve what we believe would be an acceptable rate of return given the heightened risks of operating in this new economic environment,&#148; said Andrew Gordon, President and Chief Executive Officer.</P>
<P style="margin:0px"><BR>
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<P style="line-height:14pt; margin:0px; font-size:12pt; page-break-before:always">&#147;The closure of our Brooklyn facility was the greatest contributor to our cost savings as we increased our operating efficiencies through combining the majority of our production in our Colorado plant. &nbsp;In addition, the funds received on the sale of the building further strengthened our already strong cash position and overall balance sheet. &nbsp;We now have the flexibility and necessary funds to accomplish the goals and initiatives which had to be deferred following our sub-par performance in 2008,&#148; Mr. Gordon said.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; font-size:12pt">&#147;Although our net sales increased by less than 5% (well below our three year annual growth rate of approximately 20%), net sales continued to increase during a period in which we chose to forgo certain long-term business relationships and focus on attracting and retaining more profitable business in order to offset the ever escalating costs of roasting and packing coffee. &nbsp;We believe that we have nearly completed our transition from a producer of middle margin, high volume business to a company whose overall gross margins will increase over the next several years on a broader range of midsize customers and upscale products,&#148; added Mr. Gordon.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; font-size:12pt"><I>About Coffee Holding</I></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; font-size:12pt">Coffee Holding is a leading integrated wholesale coffee roaster and dealer in the United States and one of the few coffee companies that offers a broad array of coffee products across the entire spectrum of consumer tastes, preferences and price points. Coffee Holding has been a family-operated business for three generations and has remained profitable through varying cycles in the coffee industry and the economy. &nbsp;The Company&#146;s private label and branded coffee products are sold throughout the United States, Canada and abroad to supermarkets, wholesalers, and individually owned and multi-unit retail customers.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; font-size:12pt"><I>Any statements that are not historical facts contained in this release are &#147;forward-looking statements&#148; within the meaning of the Private Securities Litigation Reform Act of 1995. &nbsp;We have based these forward-looking statements upon information available to management as of the date of this release and management&#146;s expectations and projections about certain future events. &nbsp;It is possible that the assumptions made by management for purposes of such statements may not materialize. &nbsp;Actual results may differ materially from those projected or implied in any forward-looking statements. &nbsp;Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, the effect of economic conditions, intellectual property rights, the outcome of competitive products, risks in product development, the results of financing efforts, the a
bility to complete transactions, and other factors discussed from time to time in the Company&#146;s Securities and Exchange Commission filings. &nbsp;The Company undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made.</I></P>
<P style="margin-top:0px; margin-bottom:8px" align=center><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="line-height:14pt; margin-top:0px; margin-bottom:8px; font-size:12pt; page-break-before:always" align=center><B>COFFEE HOLDING CO., INC. AND SUBSIDIARY<BR>
CONSOLIDATED BALANCE SHEETS<BR>
OCTOBER 31, 2009 AND 2008</B></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=0.667></TD><TD width=436.667></TD><TD width=12></TD><TD width=12></TD><TD width=72></TD><TD width=11.667></TD><TD width=14.333></TD><TD width=74.667></TD></TR>
<TR><TD valign=top width=437.333 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=center><B>2009</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=14.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=center>2008</P>
</TD></TR>
<TR><TD valign=top width=634 colspan=8><P style="line-height:13pt; margin:0px; font-size:11pt" align=center><B>- ASSETS -</B></P>
</TD></TR>
<TR><TD valign=top width=437.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt"><B>CURRENT ASSETS:</B></P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=436.667><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Cash and cash equivalents</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>$</B></P>
</TD><TD valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>1,367,933&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P style="line-height:13pt; margin:0px; font-size:11pt">$</P>
</TD><TD valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>963,298&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=436.667><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Commodities held at broker</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>482,746&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>342,269&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=436.667><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Accounts receivable, net of allowances of $165,078 for 2009 and $141,915 for 2008</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>10,174,221&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>9,067,797&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=436.667><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Inventories</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>4,800,143&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>5,046,554&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=436.667><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Prepaid expenses and other current assets</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>419,740&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>284,900&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=436.667><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Prepaid and refundable income taxes</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>36,068&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>1,025,935&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=437.333 colspan=2><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Deferred income tax assets</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>286,000&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=14.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>923,877&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=437.333 colspan=2><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt"><B>TOTAL CURRENT ASSETS</B></P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>17,566,851&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>17,654,630&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=437.333 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=436.667><P style="line-height:13pt; margin:0px; padding-left:14.4px; text-indent:-14.4px; font-size:11pt">Property and equipment, at cost, net of accumulated depreciation of $4,681,558 and $5,020,573 for 2009 and 2008, respectively</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>1,648,214&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>2,804,053&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=437.333 colspan=2><P style="line-height:13pt; margin:0px; padding-left:14.4px; text-indent:-14.4px; font-size:11pt">Deposits and other assets</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>588,573&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=14.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>542,893&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=437.333 colspan=2><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt"><B>TOTAL ASSETS</B></P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=12><P style="line-height:13pt; margin:0px; font-size:11pt"><B>$</B></P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>19,803,638&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=14.333><P style="line-height:13pt; margin:0px; font-size:11pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>21,001,576&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=437.333 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=634 colspan=8><P style="line-height:13pt; margin:0px; font-size:11pt" align=center><B>- LIABILITIES AND STOCKHOLDERS&#146; EQUITY -</B></P>
</TD></TR>
<TR><TD valign=top width=437.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt"><B>CURRENT LIABILITIES:</B></P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=436.667><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Accounts payable and accrued expenses</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P style="line-height:13pt; margin:0px; font-size:11pt"><B>$</B></P>
</TD><TD valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>6,655,916&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P style="line-height:13pt; margin:0px; font-size:11pt">$</P>
</TD><TD valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>9,120,124&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=436.667><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Line of credit borrowings</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>791,628&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>3,522,207&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=436.667><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Income taxes payable </P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>453,512&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>&#151;&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=437.333 colspan=2><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Deferred income tax liabilities </P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>121,000&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=14.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>&#151;&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=437.333 colspan=2><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt"><B>TOTAL CURRENT LIABILITIES</B></P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>8,022,056&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>12,642,331&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=437.333 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=436.667><P style="line-height:13pt; margin:0px; padding-left:14.4px; text-indent:-14.4px; font-size:11pt">Deferred income tax liabilities</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>14,500&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>86,000&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=436.667><P style="line-height:13pt; margin:0px; padding-left:14.4px; text-indent:-14.4px; font-size:11pt">Deferred rent</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>99,067&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>69,959&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=437.333 colspan=2><P style="line-height:13pt; margin:0px; padding-left:14.4px; text-indent:-14.4px; font-size:11pt">Deferred compensation payable</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>489,782&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=14.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>352,637&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=437.333 colspan=2><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt"><B>TOTAL LIABILITIES</B></P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>8,625,405&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=14.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>13,150,927&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=437.333 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=437.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt"><B>MINORITY INTEREST</B></P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>45,270&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=14.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>3,226&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=437.333 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=437.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt"><B>COMMITMENTS AND CONTINGENCIES</B></P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=436.667><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=436.667><P style="line-height:13pt; margin:0px; font-size:11pt"><B>STOCKHOLDERS&#146; EQUITY: </B></P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=436.667><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Preferred stock, par value $.001 per share; 10,000,000 shares authorized; none issued</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>&#151;&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>&#151;&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=436.667><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Common stock, par value $.001 per share; 30,000,000 shares authorized, 5,529,830 shares issued; 5,440,823 shares outstanding for 2009 and 5,445,516 shares &nbsp;outstanding in 2008</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>5,530&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>5,530&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=436.667><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Additional paid-in capital</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>7,327,023&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>7,327,023&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=436.667><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Retained earnings</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>4,095,671&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=14.333><P>&nbsp;</P></TD><TD valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>804,605&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=437.333 colspan=2><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Less: Treasury stock, 89,007 and 84,314 common shares, at cost in 2009 and 2008</P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>(295,261)</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=14.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(289,735)</P>
</TD></TR>
<TR><TD valign=top width=437.333 colspan=2><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt"><B>TOTAL STOCKHOLDERS&#146; EQUITY </B></P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>11,132,963&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=14.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>7,847,423&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=437.333 colspan=2><P style="line-height:13pt; margin:0px; padding-left:57.6px; text-indent:-14.4px; font-size:11pt"><B>TOTAL LIABILITIES AND STOCKHOLDERS&#146; EQUITY</B></P>
</TD><TD valign=bottom width=12><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=12><P style="line-height:13pt; margin:0px; font-size:11pt"><B>$</B></P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=72><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>19,803,638&nbsp;</B></P>
</TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=14.333><P style="line-height:13pt; margin:0px; font-size:11pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=74.667><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>21,001,576&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="line-height:13pt; margin-top:0px; margin-bottom:14.667px; font-size:11pt; page-break-before:always" align=center><B>COFFEE HOLDING CO., INC. AND SUBSIDIARY<BR>
CONSOLIDATED STATEMENTS OF OPERATIONS<BR>
FISCAL YEARS ENDED OCTOBER 31, 2009 AND 2008</B></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=432.333></TD><TD width=11.333></TD><TD width=11.333></TD><TD width=71.467></TD><TD width=16></TD><TD width=11.333></TD><TD width=71.533></TD></TR>
<TR><TD valign=bottom width=432.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-size:11pt" align=center><B>2009</B></P>
</TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=center>2008</P>
</TD></TR>
<TR><TD valign=bottom width=432.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P>&nbsp;</P></TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; font-size:11pt"><B>NET SALES</B></P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P style="line-height:13pt; margin:0px; font-size:11pt"><B>$</B></P>
</TD><TD valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>74,451,673&nbsp;</B></P>
</TD><TD valign=bottom width=16><P style="margin:0px; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=11.333><P style="line-height:13pt; margin:0px; font-size:11pt">$</P>
</TD><TD valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>71,186,312&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=432.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P>&nbsp;</P></TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; padding-left:8px; text-indent:-8px; font-size:11pt"><B>COST OF SALES </B>(which includes purchases of approximately $16.7 million and $24.2 million in fiscal years 2009 and 2008, respectively, from a related party)</P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>64,439,494&nbsp;</B></P>
</TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>68,762,310&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=432.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P>&nbsp;</P></TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; font-size:11pt"><B>GROSS PROFIT</B></P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>10,012,179&nbsp;</B></P>
</TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>2,424,002&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=432.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P>&nbsp;</P></TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; font-size:11pt"><B>OPERATING EXPENSES:</B></P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P>&nbsp;</P></TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Selling and administrative</P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>5,530,357&nbsp;</B></P>
</TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>5,714,032&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Bad debt expense</P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>95,294&nbsp;</B></P>
</TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>37,575&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Officers&#146; salaries</P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>763,399&nbsp;</B></P>
</TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>610,927&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt"><B>TOTALS</B></P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>6,389,050&nbsp;</B></P>
</TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>6,362,534&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=432.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P>&nbsp;</P></TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; font-size:11pt"><B>INCOME (LOSS) FROM OPERATIONS</B></P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>3,623,129&nbsp;</B></P>
</TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(3,938,532)</P>
</TD></TR>
<TR><TD valign=bottom width=432.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P>&nbsp;</P></TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; font-size:11pt"><B>OTHER INCOME (EXPENSE)</B></P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P>&nbsp;</P></TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Interest income</P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>9,191&nbsp;</B></P>
</TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>46,209&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Other income and gains</P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>5,700&nbsp;</B></P>
</TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>9,331&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Gain on sale of manufacturing facility</P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>2,107,501&nbsp;</B></P>
</TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>&#151;&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Interest expense</P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>(253,092)</B></P>
</TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(142,087)</P>
</TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt"><B>TOTALS</B></P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>1,869,300&nbsp;</B></P>
</TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(86,547)</P>
</TD></TR>
<TR><TD valign=bottom width=432.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P>&nbsp;</P></TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; padding-left:8px; text-indent:-8px; font-size:11pt"><B>INCOME (LOSS) BEFORE INCOME TAXES AND MINORITY INTEREST IN SUBSIDIARY</B></P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>5,492,429&nbsp;</B></P>
</TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(4,025,079)</P>
</TD></TR>
<TR><TD valign=bottom width=432.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P>&nbsp;</P></TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Provision (Benefit) for income taxes</P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>2,159,319&nbsp;</B></P>
</TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(1,430,110)</P>
</TD></TR>
<TR><TD valign=bottom width=432.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P>&nbsp;</P></TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; font-size:11pt"><B>INCOME (LOSS) BEFORE MINORITY INTEREST</B></P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>3,333,110&nbsp;</B></P>
</TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(2,594,969)</P>
</TD></TR>
<TR><TD valign=bottom width=432.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P>&nbsp;</P></TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Minority interest in profit of subsidiary</P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>(42,044)</B></P>
</TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(2,325)</P>
</TD></TR>
<TR><TD valign=bottom width=432.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P>&nbsp;</P></TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; font-size:11pt"><B>NET INCOME (LOSS)</B></P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.333><P style="line-height:13pt; margin:0px; font-size:11pt"><B>$</B></P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>3,291,066&nbsp;</B></P>
</TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.333><P style="line-height:13pt; margin:0px; font-size:11pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(2,597,294)</P>
</TD></TR>
<TR><TD valign=bottom width=432.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P>&nbsp;</P></TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Basic and diluted earnings (loss) per share</P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.333><P style="line-height:13pt; margin:0px; font-size:11pt"><B>$</B></P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>.60&nbsp;</B></P>
</TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.333><P style="line-height:13pt; margin:0px; font-size:11pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(.47)</P>
</TD></TR>
<TR><TD valign=bottom width=432.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P>&nbsp;</P></TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Weighted average common shares outstanding:</P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P>&nbsp;</P></TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=432.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.467><P>&nbsp;</P></TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD valign=bottom width=71.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt">Basic</P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-family:Times New Roman Bold; font-size:11pt" align=right><B>5,441,462&nbsp;</B></P>
</TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>5,476,173&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=432.333><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt">Diluted</P>
</TD><TD valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=71.467><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>5,441,462&nbsp;</B></P>
</TD><TD valign=bottom width=16><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=11.333><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=71.533><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>5,476,173&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin-top:7.333px; margin-bottom:14.667px" align=center><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="line-height:13pt; margin-top:0px; margin-bottom:14.667px; font-size:11pt; page-break-before:always" align=center><B>COFFEE HOLDING CO., INC. AND SUBSIDIARY<BR>
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS&#146; EQUITY<BR>
FISCAL YEARS ENDED OCTOBER 31, 2009 AND 2008</B></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=110.733></TD><TD width=11.133></TD><TD width=64.867></TD><TD width=11.133></TD><TD width=8.933></TD><TD width=40></TD><TD width=11.133></TD><TD width=64.867></TD><TD width=11.133></TD><TD width=7.467></TD><TD width=58.333></TD><TD width=7.467></TD><TD width=7.467></TD><TD width=59.467></TD><TD width=14.933></TD><TD width=7.467></TD><TD width=69.467></TD><TD width=11.133></TD><TD width=7.467></TD><TD width=70.6></TD></TR>
<TR><TD valign=bottom width=110.733><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=124.933 colspan=4><P style="margin:0px" align=center>Common Stock</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=141.8 colspan=4><P style="margin:0px" align=center>Treasury Stock</P>
</TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=66.933 colspan=2><P style="margin:0px" align=center>Additional</P>
<P style="margin:0px" align=center>Paid-in</P>
<P style="margin:0px" align=center>Capital</P>
</TD><TD valign=bottom width=14.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=76.933 colspan=2><P style="margin:0px" align=center>Retained</P>
<P style="margin:0px" align=center>Earnings</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=78.067 colspan=2><P style="margin:0px" align=center>Total</P>
</TD></TR>
<TR><TD valign=bottom width=110.733><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=124.933 colspan=4><P style="margin:0px" align=center>$.001 Par Value</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=64.867><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=65.8 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=66.933 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=14.933><P>&nbsp;</P></TD><TD valign=bottom width=76.933 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=78.067 colspan=2><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=110.733><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=64.867><P style="margin:0px" align=center>Number of</P>
<P style="margin:0px" align=center>Shares</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=48.933 colspan=2><P style="margin:0px" align=center>Amount</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=64.867><P style="margin:0px" align=center>Number of</P>
<P style="margin:0px" align=center>Shares</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=65.8 colspan=2><P style="margin:0px" align=center>Amount</P>
</TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=66.933 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=14.933><P>&nbsp;</P></TD><TD valign=bottom width=76.933 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=78.067 colspan=2><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=110.733><P style="margin:0px">Balance, 10/31/07</P>
</TD><TD valign=bottom width=11.133><P style="margin:0px">&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=64.867><P style="margin:0px" align=right>5,514,930&nbsp;</P>
</TD><TD valign=bottom width=11.133><P style="margin:0px">&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.933><P>&nbsp;</P></TD><TD valign=bottom width=40><P style="margin:0px" align=right>5,530</P>
</TD><TD valign=bottom width=11.133><P style="margin:0px">&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=64.867><P style="margin:0px" align=right>14,900</P>
</TD><TD valign=bottom width=11.133><P style="margin:0px">&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=58.333><P style="margin:0px" align=right>(76,677)</P>
</TD><TD valign=bottom width=7.467><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=59.467><P style="margin:0px" align=right>7,327,023</P>
</TD><TD valign=bottom width=14.933><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=69.467><P style="margin:0px" align=right>4,946,467&nbsp;</P>
</TD><TD valign=bottom width=11.133><P style="margin:0px">&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=70.6><P style="margin:0px" align=right>12,202,343&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=110.733><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=64.867><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=8.933><P>&nbsp;</P></TD><TD valign=bottom width=40><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=64.867><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=58.333><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=59.467><P>&nbsp;</P></TD><TD valign=bottom width=14.933><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=69.467><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=70.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=110.733><P style="margin:0px">Stock repurchase</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=64.867><P style="margin:0px" align=right>(69,414)</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=8.933><P>&nbsp;</P></TD><TD valign=bottom width=40><P style="margin:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=64.867><P style="margin:0px" align=right>69,414</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=58.333><P style="margin:0px" align=right>(213,058)</P>
</TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=59.467><P style="margin:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=14.933><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=69.467><P style="margin:0px" align=right>&#151;&nbsp;</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=70.6><P style="margin:0px" align=right>(213,058)</P>
</TD></TR>
<TR><TD valign=bottom width=110.733><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=64.867><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=8.933><P>&nbsp;</P></TD><TD valign=bottom width=40><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=64.867><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=58.333><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=59.467><P>&nbsp;</P></TD><TD valign=bottom width=14.933><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=69.467><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=70.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=110.733><P style="margin:0px">Dividend</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=64.867><P style="margin:0px" align=right>&#151;&nbsp;</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=8.933><P>&nbsp;</P></TD><TD valign=bottom width=40><P style="margin:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=64.867><P style="margin:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=58.333><P style="margin:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=59.467><P style="margin:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=14.933><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=69.467><P style="margin:0px" align=right>(1,544,568)</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=70.6><P style="margin:0px" align=right>(1,544,568)</P>
</TD></TR>
<TR><TD valign=bottom width=110.733><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=64.867><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=8.933><P>&nbsp;</P></TD><TD valign=bottom width=40><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=64.867><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=58.333><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=59.467><P>&nbsp;</P></TD><TD valign=bottom width=14.933><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=69.467><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=70.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=110.733><P style="margin:0px">Net loss</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=64.867><P style="margin:0px" align=right>&#151;&nbsp;</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=40><P style="margin:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=64.867><P style="margin:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=7.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=58.333><P style="margin:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=7.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=59.467><P style="margin:0px" align=right>&#151;</P>
</TD><TD valign=bottom width=14.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=7.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=69.467><P style="margin:0px" align=right>(2,597,294)</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=7.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=70.6><P style="margin:0px" align=right>(2,597,294)</P>
</TD></TR>
<TR><TD valign=bottom width=110.733><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=64.867><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=8.933><P>&nbsp;</P></TD><TD valign=bottom width=40><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=64.867><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=58.333><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=59.467><P>&nbsp;</P></TD><TD valign=bottom width=14.933><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=69.467><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=70.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=110.733><P style="margin:0px">Balance, 10/31/08</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=64.867><P style="margin:0px" align=right>5,445,516&nbsp;</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=8.933><P style="margin:0px">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=40><P style="margin:0px" align=right>5,530</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=64.867><P style="margin:0px" align=right>84,314</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=7.467><P style="margin:0px">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=58.333><P style="margin:0px" align=right>(289,735)</P>
</TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=7.467><P style="margin:0px">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=59.467><P style="margin:0px" align=right>7,327,023</P>
</TD><TD valign=bottom width=14.933><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=7.467><P style="margin:0px">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=69.467><P style="margin:0px" align=right>804,605&nbsp;</P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=7.467><P style="margin:0px">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=70.6><P style="margin:0px" align=right>7,847,423&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=110.733><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=64.867><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=8.933><P>&nbsp;</P></TD><TD valign=bottom width=40><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=64.867><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=58.333><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=59.467><P>&nbsp;</P></TD><TD valign=bottom width=14.933><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=69.467><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=70.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=110.733><P style="margin:0px"><B>Stock repurchase</B></P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=64.867><P style="margin:0px" align=right><B>(4,693)</B></P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=8.933><P>&nbsp;</P></TD><TD valign=bottom width=40><P style="margin:0px" align=right><B>&#151;</B></P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=64.867><P style="margin:0px" align=right><B>4,693</B></P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=58.333><P style="margin:0px" align=right><B>(5,526)</B></P>
</TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=59.467><P style="margin:0px" align=right><B>&#151;</B></P>
</TD><TD valign=bottom width=14.933><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=69.467><P style="margin:0px" align=right><B>&#151;&nbsp;</B></P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=70.6><P style="margin:0px" align=right><B>(5,526)</B></P>
</TD></TR>
<TR><TD valign=bottom width=110.733><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=64.867><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=8.933><P>&nbsp;</P></TD><TD valign=bottom width=40><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=64.867><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=58.333><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=59.467><P>&nbsp;</P></TD><TD valign=bottom width=14.933><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=69.467><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=70.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=110.733><P style="margin:0px"><B>Net income</B></P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=64.867><P style="margin:0px" align=right><B>&#151;&nbsp;</B></P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=8.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=40><P style="margin:0px" align=right><B>&#151;</B></P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=64.867><P style="margin:0px" align=right><B>&#151;</B></P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=7.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=58.333><P style="margin:0px" align=right><B>&#151;</B></P>
</TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=7.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=59.467><P style="margin:0px" align=right><B>&#151;</B></P>
</TD><TD valign=bottom width=14.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=7.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=69.467><P style="margin:0px" align=right><B>3,291,066&nbsp;</B></P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=7.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=70.6><P style="margin:0px" align=right><B>3,291,066&nbsp;</B></P>
</TD></TR>
<TR><TD valign=bottom width=110.733><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=64.867><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=8.933><P>&nbsp;</P></TD><TD valign=bottom width=40><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=64.867><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=58.333><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=59.467><P>&nbsp;</P></TD><TD valign=bottom width=14.933><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=69.467><P>&nbsp;</P></TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD valign=bottom width=70.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=110.733><P style="margin:0px"><B>Balance, 10/31/09</B></P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=64.867><P style="margin:0px" align=right><B>5,440,823&nbsp;</B></P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=8.933><P style="margin:0px"><B>$</B></P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=40><P style="margin:0px" align=right><B>5,530</B></P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=64.867><P style="margin:0px" align=right><B>89,007</B></P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=7.467><P style="margin:0px"><B>$</B></P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=58.333><P style="margin:0px" align=right><B>(295,261)</B></P>
</TD><TD valign=bottom width=7.467><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=7.467><P style="margin:0px"><B>$</B></P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=59.467><P style="margin:0px" align=right><B>7,327,023</B></P>
</TD><TD valign=bottom width=14.933><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=7.467><P style="margin:0px"><B>$</B></P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=69.467><P style="margin:0px" align=right><B>4,095,671&nbsp;</B></P>
</TD><TD valign=bottom width=11.133><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=7.467><P style="margin:0px"><B>$</B></P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=70.6><P style="margin:0px" align=right><B>11,132,963&nbsp;</B></P>
</TD></TR>
</TABLE>
<P style="margin-top:7.333px; margin-bottom:14.667px" align=center><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; font-size:12pt; page-break-before:always" align=center><B>COFFEE HOLDING CO., INC. AND SUBSIDIARY<BR>
CONSOLIDATED STATEMENTS OF CASH FLOWS<BR>
FISCAL YEARS ENDED OCTOBER 31, 2009 AND 2008 </B></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=0.667></TD><TD width=389.333></TD><TD width=0.667></TD><TD width=17.333></TD><TD width=0.667></TD><TD width=11.333></TD><TD width=0.667></TD><TD width=83.333></TD><TD width=0.667></TD><TD width=17.333></TD><TD width=0.667></TD><TD width=11.667></TD><TD width=89.667></TD><TD width=0.667></TD></TR>
<TR><TD valign=top width=390 colspan=2><P>&nbsp;</P></TD><TD valign=top width=18 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=96 colspan=4><P style="line-height:13pt; margin:0px; font-size:11pt" align=center><B>2009</B></P>
</TD><TD valign=top width=18 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=102.667 colspan=4><P style="line-height:13pt; margin:0px; font-size:11pt" align=center>2008</P>
</TD></TR>
<TR><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt"><B>OPERATING ACTIVITIES:</B></P>
</TD><TD valign=top width=18 colspan=2><P>&nbsp;</P></TD><TD valign=top width=12 colspan=2><P>&nbsp;</P></TD><TD valign=top width=84 colspan=2><P>&nbsp;</P></TD><TD valign=top width=18 colspan=2><P>&nbsp;</P></TD><TD valign=top width=12.333 colspan=2><P>&nbsp;</P></TD><TD valign=top width=90.333 colspan=2><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Net income (loss)</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt"><B>$</B></P>
</TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>3,291,066&nbsp;</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt">$</P>
</TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(2,597,294)</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt">Depreciation</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>537,375&nbsp;</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>541,204&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt">Gain on sale of manufacturing facility</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>(2,107,501)</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>&#151;&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt">Unrealized (gain) loss on commodities</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>(329,187)</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>587,631&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt">Other gains</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>(5,700)</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>&#151;&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt">Bad debt expense</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>95,294&nbsp;</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>37,575&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt">Deferred rent</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>29,108&nbsp;</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(4,588)</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt">Deferred income taxes</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>687,377&nbsp;</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(703,877)</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt">Minority interest</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>42,044&nbsp;</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>2,326&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Changes in operating assets and liabilities:</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt">Commodities held at broker</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>188,710&nbsp;</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>2,538,630&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt">Accounts receivable</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>(1,201,718)</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(1,974,905)</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt">Inventories</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>246,411&nbsp;</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(574,457)</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt">Prepaid expenses and other current assets</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>(134,840)</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>239,144&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt">Prepaid and refundable income taxes</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>989,867&nbsp;</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(789,529)</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt">Deposits, other assets and deferred compensation</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>91,464&nbsp;</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(138,939)</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt">Accounts payable and accrued expenses</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>(2,464,207)</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>2,402,981&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:43.2px; text-indent:-14.4px; font-size:11pt">Income tax payable</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>453,512&nbsp;</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12.333 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(9,161)</P>
</TD></TR>
<TR><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:57.6px; text-indent:-14.4px; font-size:11pt"><B>Net cash provided by (used in) operating activities</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>409,075&nbsp;</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12.333 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(443,259)</P>
</TD></TR>
<TR><TD valign=top width=390 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.333 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt"><B>INVESTING ACTIVITIES:</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.333 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Purchases of property and equipment including &nbsp;equipment deposit</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>(204,808)</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(341,982)</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Proceeds from the sale of equipment</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>30,000&nbsp;</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>&#151;&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Proceeds from the sale of manufacturing facility</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>2,906,473&nbsp;</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>&#151;&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Security deposits</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>&#151;&nbsp;</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12.333 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(9,500)</P>
</TD></TR>
<TR><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:57.6px; text-indent:-14.4px; font-size:11pt"><B>Net cash provided by (used in) investing activities</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>2,731,665&nbsp;</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12.333 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(351,482)</P>
</TD></TR>
<TR><TD valign=top width=390 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.333 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt"><B>FINANCING ACTIVITIES:</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.333 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Advances under bank line of credit</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>76,276,346&nbsp;</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>60,576,960&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Principal payments under bank line of credit</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>(75,484,718)</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(57,951,944)</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Pay-off of previous bank line of credit</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>(3,522,207)</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>&#151;&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Payment of dividend</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>&#151;&nbsp;</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(1,544,568)</P>
</TD></TR>
<TR><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Purchase of treasury stock</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>(5,526)</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12.333 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>(213,058)</P>
</TD></TR>
<TR><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:57.6px; text-indent:-14.4px; font-size:11pt"><B>Net cash (used in) provided by financing activities</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>(2,736,105)</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12.333 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>867,390&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=390 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.333 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt"><B>NET INCREASE IN CASH AND CASH EQUIVALENTS</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>404,635&nbsp;</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.333 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>72,649&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=0.667><P>&nbsp;</P></TD><TD valign=top width=390 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=11.667><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; padding-left:28.8px; text-indent:-14.4px; font-size:11pt">Cash and cash equivalents, beginning of year</P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>963,298&nbsp;</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=12.333 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>890,649&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=390 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=84 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=12.333 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=90.333 colspan=2><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=390 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt"><B>CASH AND CASH EQUIVALENTS, END OF YEAR</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=12 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt"><B>$</B></P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=84 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>1,367,933&nbsp;</B></P>
</TD><TD valign=bottom width=18 colspan=2><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=12.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=90.333 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>963,298&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin-top:7.333px; margin-bottom:14.667px" align=center><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; font-size:12pt" align=center><B>COFFEE HOLDING CO., INC. AND SUBSIDIARY<BR>
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA<BR>
OCTOBER 31, 2009 AND 2008 </B></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=412.667></TD><TD width=19.6></TD><TD width=7.867></TD><TD width=78.267></TD><TD width=19.6></TD><TD width=7.867></TD><TD width=78.133></TD></TR>
<TR><TD valign=top width=412.667><P style="line-height:13pt; margin:0px; font-size:11pt"><B>SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:</B></P>
</TD><TD valign=top width=19.6><P>&nbsp;</P></TD><TD valign=top width=7.867><P>&nbsp;</P></TD><TD valign=top width=78.267><P style="margin:0px; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top width=19.6><P>&nbsp;</P></TD><TD valign=top width=7.867><P>&nbsp;</P></TD><TD valign=top width=78.133><P style="margin:0px; font-size:11pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
</TD></TR>
<TR><TD valign=top width=412.667><P style="line-height:13pt; margin:0px; padding-left:16px; font-size:11pt">Interest paid</P>
</TD><TD valign=top width=19.6><P style="margin:0px; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-bottom:3px double #000000" valign=top width=7.867><P style="line-height:13pt; margin:0px; font-size:11pt"><B>$</B></P>
</TD><TD style="border-bottom:3px double #000000" valign=top width=78.267><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>250,266&nbsp;</B></P>
</TD><TD style="border-bottom:3px double #FFFFFF" valign=top width=19.6><P style="margin:0px; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-bottom:3px double #000000" valign=top width=7.867><P style="line-height:13pt; margin:0px; font-size:11pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=top width=78.133><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>127,082</P>
</TD></TR>
<TR><TD valign=top width=412.667><P style="line-height:13pt; margin:0px; padding-left:16px; font-size:11pt">Income taxes paid</P>
</TD><TD valign=top width=19.6><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=top width=7.867><P style="line-height:13pt; margin:0px; font-size:11pt"><B>$</B></P>
</TD><TD style="border-bottom:3px double #000000" valign=top width=78.267><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>737,494&nbsp;</B></P>
</TD><TD style="border-bottom:3px double #FFFFFF" valign=top width=19.6><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=top width=7.867><P style="line-height:13pt; margin:0px; font-size:11pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=top width=78.133><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>33,477</P>
</TD></TR>
<TR><TD valign=top width=412.667><P style="line-height:13pt; margin:0px; padding-left:16px; font-size:11pt">Income taxes (refunded)</P>
</TD><TD valign=top width=19.6><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=top width=7.867><P style="line-height:13pt; margin:0px; font-size:11pt"><B>$</B></P>
</TD><TD style="border-bottom:3px double #000000" valign=top width=78.267><P style="line-height:13pt; margin:0px; font-size:11pt" align=right><B>(703,123)</B></P>
</TD><TD style="border-bottom:3px double #FFFFFF" valign=top width=19.6><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=top width=7.867><P style="line-height:13pt; margin:0px; font-size:11pt">$</P>
</TD><TD style="border-bottom:3px double #000000" valign=top width=78.133><P style="line-height:13pt; margin:0px; font-size:11pt" align=right>&#151;</P>
</TD></TR>
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<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=60></TD><TD width=564></TD></TR>
<TR><TD valign=top width=60><P style="line-height:14pt; margin:0px; font-size:12pt">Contact:</P>
</TD><TD valign=top width=564><P style="line-height:14pt; margin:0px; font-size:12pt">Coffee Holding Co., Inc.</P>
</TD></TR>
<TR><TD valign=top width=60><P>&nbsp;</P></TD><TD valign=top width=564><P style="line-height:14pt; margin:0px; font-size:12pt">Andrew Gordon, President &amp; CEO</P>
</TD></TR>
<TR><TD valign=top width=60><P>&nbsp;</P></TD><TD valign=top width=564><P style="line-height:14pt; margin:0px; font-size:12pt">(718) 832-0800</P>
</TD></TR>
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