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BREA, Calif., June 27, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (NASDAQ:REBN), ("Reborn", or the "Company"), a specialty coffee retailer based in California, announced today a master licensing deal that will facilitate Reborn Coffee's dynamic entry into the vibrant UAE market, with its first flagship location set to open in Dubai, UAE. This partnership between Reborn Coffee and Reborn UAE, led by CEO Mahmood Arjomand, marks a significant step in expanding Reborn Coffee's footprint beyond its current boundaries. Under this licensing agreement, Reborn Coffee Licensor and Reborn UAE Licensee will collaborate to establish Reborn Coffee outlets, a distribution center for the Middle East, an

BREA, Calif., June 26, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (NASDAQ:REBN), ("Reborn", or the "Company"), a California-based retailer of specialty coffee, today announced that it has received a notice of delisting from Nasdaq. On June 21, 2024, Reborn Coffee (the "Company") received a staff determination letter (the "Letter") from the Nasdaq Listing Qualifications Staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that because it has not yet filed its Form 10-Q for the fiscal year ended March 31, 2024 (the "Filing"), it has failed to comply with the filing requirement set forth in Listing Rule 5250(c.)(1). As previously announced on May 15, 2024, th

BREA, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee, Inc. (NASDAQ:REBN) ("Reborn", or the "Company"), a California-based retailer of specialty coffee, today announced that it has signed a Letter of Intent (LOI) to acquire a 55% majority stake in Derin Lezzetler, a leading artisan snack and frozen bakery producer based in Istanbul, Turkey. This strategic move marks a significant milestone in Reborn Coffee's expansion into the health-conscious food market and its plans to further penetrate the US, Europe, Middle East, and Asia Pacific regions. Derin Lezzetler has been at the forefront of producing high-quality gluten-free and artisan snacks since its establishment in 2015. The comp

BREA, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (NASDAQ:REBN), ("Reborn", or the "Company"), a California-based retailer of specialty coffee, today announced a significant expansion into the China market through a strategic Master License Agreement with IAID Co., Ltd., a visionary architectural and interior design consulting firm. This agreement will introduce a flagship location in Guangzhou #73, situated in a central, historic district bustling with tourists. The site will feature a comprehensive brand center, setting the stage for future expansions into major cities like Shanghai and Shenzhen, China. The joint venture combines Reborn Coffee's experience in retail coff

BREA, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Reborn Coffee, a brand renowned for its premium coffee experience, today announced a strategic partnership with Sheikh Hamed, the respected owner of Abu Dhabi's Millennium Hotel. This landmark collaboration is poised to pave the way for Reborn Coffee's dynamic entry into the vibrant UAE market, establishing its first retail location in Abu Dhabi, UAE. The partnership between Reborn Coffee and Sheikh Hamed signifies a significant step towards expanding the brand's footprint beyond its current boundaries. Under this licensing agreement, both the Licensor, Reborn Coffee, and the Licensee, Sheikh Hamed, will work to establish Reborn Coffee Out

BREA, Calif., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Reborn Coffee, Inc. (NASDAQ:REBN) ("Reborn", or the "Company"), a California-based retailer of specialty coffee, today announced the appointment of Jennifer Tan to its Board of Directors. Jennifer Tan has over 30 years' experience as a global entrepreneur in diversified businesses in the U.S., Europe and Asia. She is currently Chief Executive Officer of Hawaii Volcano Tea LP, a tea farm with multiple locations in the Volcano area of Hawaii Island. The company owns tea plantations with a greenhouse for cultivation and factory for the processing of high-quality tea product lines. Previously she was Managing Director of Tutti Frutti (China) L

BREA, Calif., April 19, 2023 (GLOBE NEWSWIRE) -- Reborn Coffee, Inc. (NASDAQ:REBN) ("Reborn", or the "Company"), a California-based retailer of specialty coffee, today announced the appointment of Bill Koschak, an experienced financial executive, to its newly created Advisory Board. Mr. Koschak brings over 30 years of corporate, finance, and accounting leadership to Reborn, having spent the last 14 years as an operating or corporate CFO. Currently he is Chief Financial Officer of Calyxt, a plant-based synthetic biotechnology company. Previously, Mr. Koschak was Vice President, Finance for the Brain Therapies business unit of Medtronic and also served as Interim Vice President, General Man

BREA, Calif., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (NASDAQ:REBN), a leader in the specialty coffee industry, has reported its financial and operational results for the third quarter ended September 30, 2024. Key Financial and Operational Highlights Despite higher food costs, in the nine months ending September 30, 2024, revenue was steady at $4.1 million as compared to the same period revenue in 2023.Company-operated store gross margins for nine months ended September 30, 2024, increased to 72% compared to 68% for the same period in 2023.Ended Q3'24 with 12 open locations, with 1 location in development.Q3'24 wholesale and online sales grew 432% to $140,407 fr

Reborn Coffee Expands its Presence in South Korea Through an 8,000 Store Bakery Distribution Partnership, Emphasizing Quality and Preservative-free Offerings BREA, Calif., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee, Inc. (NASDAQ:REBN), a premier specialty coffee retailer, today announced a landmark distribution agreement through majority-owned its South Korean subsidiary, Bbang Ssaem Bakery F&B. This strategic partnership will bring Reborn's preservative-free, signature baked goods to approximately 8,000 stores of a major coffee chain across South Korea, significantly enhancing the company's revenue and solidifying its position in the country's dynamic coffee and bakery market.

Reborn Coffee's new cold brew Fruit Infused, including the Miami Passion blend, are set to expand nationwide, capturing U.S. demand for premium ready-to-drink options as the brand builds on its success BREA, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (NASDAQ:REBN), a leader in the specialty coffee industry, today announced the upcoming nationwide distribution of its award-winning Cold Brew line, building on the momentum from its recent Miami Passion event with Hagerty Garage + Social during the Austin F1 Race. This launch features Miami Passion, a limited-edition Cold Brew blend, which combines Reborn's signature coffee with tropical Passion Fruit, capturing the vibrant

Reborn Tumbler to Lead Introduction of Innovative, Eco-Friendly Coffeeware BREA, Calif., Oct. 21, 2024 (GLOBE NEWSWIRE) --  Reborn Coffee Inc. (NASDAQ:REBN), a leader in the specialty coffee industry, today announced the launch of its latest patented coffeeware, starting with the highly anticipated Reborn Tumbler. This innovative, IF Design Award-winning product marks the beginning of a global rollout that is expected to drive significant growth and position Reborn Coffee at the forefront of the industry. The Reborn Coffee Tumbler, created exclusively for Reborn Coffee, was designed by Mr. Gu in collaboration with his design brand, Nooof. This innovative design, which earned the

Continues Increasing Expansion in Southeast Asia with Sixth Partnership Announcement and New Revenue Streams BREA, Calif., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (NASDAQ:REBN), a leading specialty coffee retailer in the U.S., today announced a strategic joint venture with Gaingan Humantech Co. LTD to open three new Reborn Coffee locations in Bangkok, Thailand. The joint venture aims to expand Reborn Coffee's presence across Thailand, bringing its signature fourth-wave coffee experience to the country. The flagship location of the joint venture will be at One Bangkok, a landmark mixed-use development in the heart of Thailand's capital. One Bangkok is poised to become the ne

Strategic Partnership with Chengdu Octaday Entertainment Group to Introduce Reborn Coffee's Specialty Experience to Sichuan's 83 Million People BREA, Calif., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc (NASDAQ:REBN), a leading global specialty coffee brand, is pleased to announce a significant expansion into the China market through a strategic Master License Agreement with Chengdu Octaday Entertainment Group, facilitated by Reborn China. This transformative partnership will establish Reborn Coffee's premier locations in Chengdu, the bustling capital of Sichuan Province, a region known for its rich cultural heritage and home to over 83 million people. This joint venture combin

Strategic Investment Reflects Strong Confidence in Reborn Coffee's Growth Prospects and Expands Capital Structure BREA, Calif., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (NASDAQ:REBN) ("Reborn Coffee" or the "Company"), _a leading player in the specialty coffee industry, today announced an investment of $500,000 through a convertible note issued to Quen Inno Tech Co., Ltd. The convertible note is convertible into shares of Reborn Coffee's common stock at a price equal to $3.36 per share. The convertible note accrues interest at an annual rate of 0%; however, the interest rate will increase to an annual rate of 10% upon the occurrence of an event of default. This strategic inve

BREA, Calif., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (NASDAQ:REBN), ("Reborn", or the "Company"), a leading specialty coffee retailer in the US, has reported its financial and operational results for the second quarter ended June 30, 2024. Key Financial and Operational Highlights Six months ending June 30, 2024 revenue increased 11.54% to $2.9 million.Q2'24 company-operated store gross margins improved to 72.9% compared to 65.3% for the same period in 2023.Ended Q2'24 with 11 open locations, with 1 location in development.Q2'24 wholesale and online sales grew 633% to $0.2 million from $24,320 in Q2'23. Q2 2024 and Subsequent Events Strategic joint venture with China's AI

BREA, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee, Inc. (NASDAQ:REBN), a leading global specialty coffee brand, is pleased to announce a significant expansion into the China market through a strategic Master License Agreement with Shenyang Yongsheng Seven Stars Tourism Development Co., facilitated by Reborn China. This transformative partnership will establish Reborn Coffee's premier locations in Shenyang, the bustling capital of Liaoning Province, home to over 43 million people. This joint venture combines Reborn Coffee's deep expertise in retail coffee operations with Shenyang Yongsheng Seven Stars Tourism Development Co.'s extensive influence as a leading tourism provider

BREA, Calif., July 30, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (NASDAQ:REBN), a leading specialty coffee retailer in the US, today announced a strategic partnership and joint venture with a prominent China AI Database Company - Penglai Data Store (Shenzhen), led by CEO Alex Guo, which develops the high performance AI database software - HetuKV optimizing the AI learning and training process for businesses. This collaboration signifies the official launch of Reborn China, an innovative venture poised to transform the coffee industry in China by incorporating advanced AI technology into every new franchise in the region. Reborn China's new AI features will also be introduced in the Unite