SPoT Coffee (Canada) Ltd.

SPoT Coffee (Canada) Ltd.

November 28, 2012 15:01 ET

SPoT Coffee Opens New Location in North York, Ontario

TORONTO, ONTARIO--(Marketwire - Nov. 28, 2012) -


SPOT COFFEE (CANADA) LTD. (TSX VENTURE:SPP) ("SPoT" or the "Company") is pleased to announce that it is opening its ninth café, SPoT Coffee Park Place, on Thursday November 29th. SPoT Coffee Park Place, located at 77 Provost Drive, is situated in a Concord Adex development currently containing more than 1,100 units across 5 condo towers with 15 additional towers to be built in the coming years. Additionally, the café is walking distance to numerous big box retail locations, a large hospital, the new Sheppard subway line and is central to the most highly travelled section of the TransCanada highway and to the affluent North York community with a population of over 630,000 citizens.

This 4,000 square foot café featuring a state-of-the-art kitchen will showcase several remarkable design features including 4 large suspended canopies above the service counter, a hand-made chandelier and raised parlour seating featuring a mural and art displays produced by local artists. An open house for the community will be held on Thursday, December 6, 2012 between the hours of 5:00 pm and 9:00 pm. Guests will be able to sample SPoT's food and coffee beverages free of charge. Electronic gift cards and roasted coffee beans will be sold at a promotional price to celebrate the café opening and the holiday season.

The build out of SPoT Coffee Saratoga Springs in Upstate New York, the Company's tenth café, will be completed by the end of December and the Company anticipates this location to open for the community early in the first quarter of 2013. SPoT Coffee reiterates its intention to open its eleventh and twelfth cafés, Glens Falls and Coral Gables, during the first quarter of 2013 and continues to identify new locations for future cafés. SPoT Coffee's 2013 growth plans include up to ten new corporate cafés, additional licensed locations in Florida and a focus on the wholesale and retail distribution of the Company's award-winning gourmet roasted coffee and proprietary coffee blends.

About SPoT Coffee

SPoT Coffee trades on the TSX Venture Exchange under the symbol SPP. SPoT designs, builds and operates community oriented cafés that provide 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.

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.

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