SPoT Coffee (Canada) Ltd.

SPoT Coffee (Canada) Ltd.

June 21, 2012 08:49 ET

SPoT Coffee Announces New Location

TORONTO, ONTARIO--(Marketwire - June 21, 2012) - SPOT COFFEE (CANADA) LTD. (TSX VENTURE:SPP) ("SPoT" or the "Company") announced today that it has secured a second café location in the New York State capital region, 221 Glen Street, located in the downtown area of Glen Falls, NY. This will be the second location in the Saratoga Springs area, advancing part of the Company's plan which includes three cafés in the region by early 2013. With this lease, SPoT will have 11 total cafés and is ahead of schedule on its aggressive North American expansion plan of opening corporately owned cafes in New York, Southern Ontario and Florida.

This cafe will be 4,000 square feet and feature a remarkable atrium on the ground floor of a gorgeous historic building. In addition to a café, the Company has the choice of developing a SPoT Central Kitchen to service the Saratoga Springs area. This location will provide customers with plenty of parking and is strategically located near the Monument Square office towers.

About SPoT Coffee

SPoT Coffee trades on The Toronto Venture Exchange under the symbol SPP. SPoT designs, builds and operates community oriented cafés that provides its customers with the highest quality service, signature healthy 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.

Forward Looking Statements

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.

Contact Information

  • SPoT Coffee (Canada) Ltd.
    David Freeman
    Corporate Development & Investor Relations
    (416) 368-2220