SOURCE: Pangea Networks, Inc. DBA Baristas

November 03, 2009 06:30 ET

Baristas Acquires Grinders

SEATTLE, WA--(Marketwire - November 3, 2009) - Pangea Networks, Inc. DBA "Baristas" has completed the purchase of the "Grinders" drive-thru location. The transaction was completed on September 4th, 2009. The location is currently being converted to the "Baristas" brand and has been operating as a Baristas location since its acquisition.

"The acquisition of Grinders is consistent with our growth objectives and increases the penetration of our target market in the area. In addition we have been successful in dramatically increasing the sales and revenue over what it had previously been doing since we began running the location," stated CEO Barry Henthorn.

About the Grinders location:

Grinders is strategically located at the intersection of Hwy 525 and Hwy 99 in Lynnwood, WA. Grinders is a well built drive-thru coffee stand with two windows on a large lot which provides for an easy in and out for most vehicle sizes.

About Baristas:

Headquartered in Seattle, WA, Baristas was formed in order to create a national brand of drive-thru espresso stands by acquiring established businesses that fit its model and by opening new locations.

Baristas employs and promotes attractive female baristas trained to interact with the customers to maximize sales as well as prepare the finest beverages available. All baristas wear constantly changing and appealing costumes, allowing for customers to enjoy the anticipation of a fun, creative, new, and intriguing experience every day.

Forward-Looking Statements:

This news release includes comments that may be deemed forward-looking within the meaning of the safe harbor provisions of the U.S. Federal Securities Laws. These include, among other things, statements about expectations of future events or transactions, sales of products or performance. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to execute its business plan, having necessary financing in time to meet contractual obligations and support the business activity, and other such risks as the company may identify and discuss from time to time, including those risks disclosed in the company's current and future filings with the Securities and Exchange Commission. Accordingly, there is no certainty that the company's plans will be achieved.

Contact Information

    T. Scott Steciw
    (425) 749-2265
    Email Contact