SPoT Coffee Announces New Location
FOR: SPOT COFFEE (CANADA) LTD.
AUG 16, 2012 - 07:00 ET
TORONTO, ONTARIO--(Marketwire - Aug. 16, 2012) - SPOT COFFEE (CANADA) LTD. (TSX VENTURE:SPP) ("SPoT" or the "Company") announced today that it has secured a second café location in the state of Florida, 6600 SW 57th Ave, located in South Miami. The new location is strategically located minutes from the heart of both South Miami and Coral Gables, within walking distance from the University of Miami campus and immediately off US Route 1, a highly travelled highway which runs along the state's east coast from Key West to Georgia.
This cafe will be 2,700 square feet and feature a large wrap-around outdoor seating area. The location has a large retail parking garage open to the public and will provide customers with free usage when visiting the café. This will be the second location in the Florida area, advancing SPoT's expansion by way of the Company's recently announced regional licensing transaction for the State of Florida. With this lease, there will be 12 total SPoT cafés as the Company continues to execute on its current expansion plan of opening corporate-owned cafés leveraging its existing New York State and Southern Ontario regional footprint and licensed cafés in Florida.
ABOUT SPOT COFFEE
SPoT Coffee trades on the TSX Venture Exchange under the symbol SPP. SPoT designs, builds and operates community oriented cafés that provides its customers with the highest quality service, signature made-to-order meals and the world's finest in-house roasted gourmet coffee. Each SPoT café is distinctively designed to meet the uniqueness of the local neighborhood, creating a warm and friendly gathering place for the community. SPoT's commercial business focuses on retail stores, business accounts and third party resellers such as universities and hospitals.
Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Except as required by applicable securities requirements, the Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
SPoT Coffee (Canada) Ltd.
Corporate Development & Shareholder Communications
SPoT Coffee (Canada) Ltd.