Coffee Holding Company, Inc. (NasdaqCM:JVA) announces a share repurchase program. Under the program, Coffee Holding will repurchase up to $1 million of its outstanding common stock. The shares will be repurchased in the open market and in privately negotiated transactions subject to market conditions, share price and other factors.

Repurchases will be made in accordance with the rules and regulations promulgated by the Securities and Exchange Commission and certain other legal requirements to which the company may be subject from time to time, including restrictions under its credit facility, if a waiver is not obtained. The company intends to fund the repurchase program with available cash and from future cash flow from operations. The company aims at maximizing the shareholders value through this program.

The timing and amount of any shares repurchased will be determined based on the company's evaluation of market conditions and other factors. Repurchases may be made, in part, under a Rule 10b5-1 plan, which allows stock repurchases when the company might otherwise be precluded from doing so. The program may be discontinued or suspended at any time.