Exhibit 99.1

Coffee Holding Co., Inc. Reports Results for Three and Six Months Ended April 30, 2017

STATEN ISLAND, New York – June 13, 2017. Coffee Holding Co., Inc. (Nasdaq: JVA) (the “Company”) today announced its operating results for the three and six months ended April 30, 2017:

Net sales totaled $17,787,103 for the three months ended April 30, 2017, a decrease of $3,619,836, or 16.9%, from $21,406,939 for the three months ended April 30, 2016. The decrease in net sales reflects our reduced wholesale transactions with our largest wholesale green coffee customer of approximately $7,900,000 which was partially offset by a gain of approximately $4,300,000 in sales of both branded and private label coffee to both new and existing customers.

Cost of sales for the three months ended April 30, 2017 was $15,144,534, or 85.1% of net sales, as compared to $18,097,486, or 84.5% of net sales, for the three months ended April 30, 2016. Cost of sales consists primarily of the cost of green coffee and packaging materials and realized and unrealized gains or losses on hedging activity. The decrease in cost of sales reflects lower commodity prices during the quarter and our reduced wholesale transactions with our largest wholesale green coffee customer.

Gross profit for the three months ended April 30, 2017 was $2,642,569, a decrease of $666,884 from $3,309,453 for the three months ended April 30, 2016. Gross profit as a percentage of net sales decreased to 14.9% for the three months ended April 30, 2017 from 15.5% for the three months ended April 30, 2016. Although we experienced improved margins on our wholesale and roasted business during the quarter, the decrease in gross profits was due in part to the purchase price paid for our acquisition of CFI.

Total operating expenses decreased by $591,306 to $2,544,645 for the three months ended April 30, 2017 from $1,953,339 for the three months ended April 30, 2016. The quarter ended April 30, 2017 included approximately $187,000 of selling and administrative expenses from our subsidiary “SONO” and approximately $248,000 of selling and administrative expenses from our subsidiary “CFI” which were not included in the April 30, 2016 numbers since those transactions occurred in 2017. Also, we incurred increases in shipping expenses of $89,460, salary expense of $42,485 and medical insurance expense of $28,762.  These increases were the result of our reinvestment in our growth and expansion strategy.

The Company had net income of $1,737 or $0.00 per share basic and diluted, for the three months ended April 30, 2017 compared to net income of $830,801, or $0.14 per share basic and diluted for the three months ended April 30, 2016. The decrease in net income was due primarily to the reasons described above.

“Although our sales declined by approximately $3.6 million in the current quarter compared to sales in prior year’s quarter, the shortfall can be attributed to a decrease of approximately $7.9 million to our former largest wholesaler green coffee customer. Despite this decrease, the other areas of our business, including roasted and private label coffee sales, increased by approximately $4.3 million, which I believe is a very solid number and a strong indication of where we are headed,” said Andrew Gordon President and CEO of “Coffee Holding Co., Inc. ”

“In addition, our results were negatively impacted during the quarter by an increase in operating expenses associated with our two most recent acquisitions, Sonofresco and Comfort Foods; along with increased salary, medical and website costs necessitated by our recent investment in our growth and expansion strategies. We believe once our new acquisitions and subsequent investments are fully integrated and functional, margins will continue to expand, resulting in expected profits.” ended Mr. Gordon.

About Coffee Holding

Coffee Holding Co., Inc. 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. The Company’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.

Any statements that are not historical facts contained in this release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including the Company’s outlook on future margin performance and its share repurchase program. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. We have based these forward-looking statements upon information available to management as of the date of this release and management’s expectations and projections about certain future events. It is possible that the assumptions made by management for purposes of such statements may not materialize. Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, hedging activities, the effect of economic conditions, intellectual property rights, the outcome of competitive products, risks in product development, the results of financing efforts, the ability to complete transactions, and other factors discussed from time to time in the Company’s Securities and Exchange Commission filings. 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.

Company Contact

Coffee Holding Co., Inc.

Andrew Gordon

President & CEO

718-832-0800

COFFEE HOLDING CO., INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
APRIL 30, 2017 AND OCTOBER 31, 2016

	April 30, 2017			October 31, 2016
	(Unaudited)
- ASSETS -
CURRENT ASSETS:
Cash	$	3,466,636		$	3,227,981
Accounts receivable, net of allowances of $144,000 for 2017 and 2016		11,077,854			13,517,892
Inventories		15,800,255			14,276,290
Prepaid green coffee		389,821			435,577
Prepaid expenses and other current assets		473,833			535,456
Prepaid and refundable income taxes		118,821			481,977
Due from broker		-			134,722
Deferred income tax asset		670,346			81,545
TOTAL CURRENT ASSETS		31,997,566			32,691,440
Machinery and equipment, at cost, net of accumulated depreciation of $5,184,520 and $4,819,828 for 2017 and 2016, respectively		2,519,914			2,269,863
Customer list and relationships, net of accumulated amortization of $57,000 and $50,250 for the periods ended April 30, 2017 and 2016, respectively		383,000			219,750
Trademarks		180,000			180,000
Goodwill		2,170,284			1,017,905
Equity method investments		95,850			95,598
Deposits and other assets		582,932			549,337
TOTAL ASSETS	$	37,929,546		$	37,023,893
- LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS’ EQUITY -
CURRENT LIABILITIES:
Accounts payable and accrued expenses	$	3,390,835		$	4,062,573
Line of credit		7,393,575			6,958,375
Due to broker		600,609			-
Income taxes payable		26,561			1,050
TOTAL CURRENT LIABILITIES		11,411,580			11,021,998
Deferred income tax liabilities		209,071			167,470
Deferred rent payable		235,798			231,216
Deferred compensation payable		500,868			489,668
TOTAL LIABILITIES		12,357,317			11,910,352
Redeemable common stock:
Common stock subject to possible redemption, at $200,004; 38,364 shares issued and outstanding at redemption value as of April 30, 2017 and October 31, 2016		200,004			200,004
STOCKHOLDERS’ EQUITY:
Coffee Holding Co., Inc. stockholders’ equity:
Preferred stock, par value $.001 per share; 10,000,000 shares authorized; no shares issued and outstanding		-			-
Common stock, par value $.001 per share; 30,000,000 shares authorized, 6,494,680 shares issued; 5,821,554 and 5,824,938 shares outstanding as of April 30 2017 and October 31, 2016, respectively		6,456			6,456
Additional paid-in capital		15,904,109			15,904,109
Retained earnings		12,255,747			11,878,228
Less: Treasury stock, 634,762 and 631,378 common shares, at cost as of April 30, 2017 and October 31, 2016, respectively		(3,265,419	)		(3,249,590	)
Total Coffee Holding Co., Inc. Stockholders’ Equity		24,900,893			24,539,203
Noncontrolling interest		471,332			374,334
TOTAL EQUITY		25,372,225			24,913,537
TOTAL LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS’ EQUITY	$	37,929,546		$	37,023,893

COFFEE HOLDING CO., INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
THREE AND SIX MONTHS ENDED APRIL 30, 2017 AND 2016
(Unaudited)

	Six Months Ended April 30,						Three Months Ended April 30,
	2017			2016			2017			2016
NET SALES	$	37,419,469		$	44,212,334		$	17,787,103		$	21,406,939
COST OF SALES (including $2.2 and $5.6 million of related party costs for the six months ended April 30, 2017 and 2016, respectively. Including $1.4 and $2.0 million for the three months ended April 30, 2017 and 2016, respectively.)		31,645,614			38,251,840			15,144,534			18,097,486
GROSS PROFIT (LOSS)		5,773,855			5,960,494			2,642,569			3,309,453
OPERATING EXPENSES:
Selling and administrative		4,715,679			3,466,440			2,365,395			1,789,489
Officers’ salaries		347,840			327,700			179,250			163,850
TOTAL		5,063,519			3,794,140			2,544,645			1,953,339
INCOME (LOSS) FROM OPERATIONS		710,336			2,166,354			97,924			1,356,114
OTHER INCOME (EXPENSE)
Interest income		23,389			21,000			10,958			10,988
Gain (loss) from equity method investment		252			(244	)		(1,067	)		212
Interest expense		(124,239	)		(73,473	)		(66,495	)		(33,670	)
TOTAL		(100,598	)		(52,717	)		(56,604	)		(22,470	)
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES AND NON-CONTROLLING INTEREST IN SUBSIDIARY		609,738			2,113,637			41,320			1,333,644
Provision (benefit) for income taxes		135,220			787,920			(35,893	)		485,356
NET INCOME (LOSS) BEFORE NON-CONTROLLING INTEREST IN SUBSIDIARY		474,518			1,325,717			77,213			848,288
Less: Net (income) attributable to the non-controlling interest		(96,999	)		(55,347	)		(75,476	)		(17,487	)
NET INCOME (LOSS) ATTRIBUTABLE TO COFFEE HOLDING CO., INC.	$	377,519		$	1,270,370		$	1,737		$	830,801
Basic and diluted earnings (loss) per share	$	.06		$	.21		$	.00		$	.14
Weighted average common shares outstanding:
Basic and diluted		5,862,722			6,148,039			5,862,123			6,133,557

COFFEE HOLDING CO., INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
SIX MONTHS ENDED APRIL 30, 2017 AND 2016
(Unaudited)

	2017			2016
OPERATING ACTIVITIES:
Net income	$	474,518		$	1,325,717
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		372,962			278,987
Unrealized (gain) loss on commodities		735,331			(689,088	)
(Gain) loss on equity method investments		(252	)		244
Deferred rent		4,582			4,581
Deferred income taxes		(340,077	)		872,750
Changes in operating assets and liabilities:
Accounts receivable		3,024,956			(349,772	)
Inventories		(407,059	)		1,529,369
Prepaid expenses and other current assets		94,304			(17,193	)
Prepaid green coffee		45,756			276,013
Prepaid and refundable income taxes		363,156			502,850
Accounts payable and accrued expenses		(1,298,619	)		(749,970	)
Deposits and other assets		4,156			15,833
Income taxes payable		25,511			500
Net cash provided by operating activities		3,099,225			3,000,821
INVESTING ACTIVITIES:
Cash paid for investment in subsidiary, net of cash acquired		(2,893,275	)		-
Purchases of machinery and equipment		(386,666	)		(270,221	)
Net cash used in investing activities		(3,279,941	)		(270,221	)
FINANCING ACTIVITIES:
Advances under bank line of credit		3,900,200			600,000
Payment of dividend		-			(100,000	)
Purchase of treasury stock		(15,829	)		(386,319	)
Principal payments under bank line of credit		(3,465,000	)		(3,500,000	)
Net cash provided by (used in) financing activities		419,371			(3,386,319	)
NET (DECREASE) INCREASE IN CASH		238,655			(655,719	)
CASH, BEGINNING OF PERIOD		3,227,981			3,853,816
CASH, END OF PERIOD	$	3,466,636		$	3,198,097
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:
Interest paid	$	121,000		$	81,276
Income taxes paid	$	74,826		$	25,008
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
On February 23, 2017 Coffee Holding Co., Inc. acquired the assets of Comfort Foods, Inc.:
Accounts receivable				$	584,918
Inventory					1,116,906
Equipment					229,597
Prepaid expenses					32,681
Deferred tax asset					207,123
Customer lists					170,000
Goodwill					1,152,379
Other asset					26,551
Less: liabilities					626,880
Net cash paid				$	2,893,275