Spot Coffee (Canada) Ltd.

Spot Coffee (Canada) Ltd.

December 21, 2015 09:00 ET

SPoT Coffee Signs Another Franchise Agreement

TORONTO, ONTARIO--(Marketwired - Dec. 21, 2015) - SPOT COFFEE (CANADA) LTD. (TSX VENTURE:SPP) ("SPoT" or the "Company") is pleased to announce that it has signed a new franchise agreement for a full franchise café to be located in Kenmore, New York; a community that was recently awarded the distinction of being among the "10 Greatest Neighborhoods in the United States" by the American Planning Association. The new café will feature SPoT's unique interior design and seating options, as well as the warm atmosphere and inviting summer patio that all SPoT Coffee patrons have come to anticipate and enjoy. Customers will be served SPoT's complete menu including its award-winning coffee, handcrafted beverages, signature light meals and gourmet pizza. The Company anticipates that SPoT Kenmore will open for business in the second quarter of 2016.

As for the location of the new SPoT Kenmore café, the Company is currently reviewing several alternative locations being offered to lease. SPoT Coffee is carefully selecting the most suitable location, which must meet the criteria set by the Company based on the successful performance of its existing neighborhood cafés. The Company will issue a news release announcing the new location as soon one has been selected and a lease agreement has been signed.

As the demand for SPoT Coffee's full café and Express franchises accelerates, the Company continues to negotiate with several other serious prospective franchisees from across Western and Upstate New York. "We continue to receive and review new applications from qualified and serious owner operator franchisees. We are getting requests for both full café and Express franchises, and we hope we will soon be able to announce a fourth franchise agreement, including the conversion of SPoT Orchard Park from "café under license" to a franchise café. We are all excited with the impending opening of SPoT Hamburg in January of 2016, with the continued success of our franchise program, and with the demand for SPoT franchises from communities across Western and Upstate New York," said Anton Ayoub, President of SPoT Coffee.

Mr. Ayoub also added, "This new franchise partnership with members of the local community of Kenmore continues our regional build-up of the SPoT Coffee brand and positions us as leaders in the high quality hospitality and food service industry."

We seek Safe Harbor.

About SPoT Coffee

SPoT Coffee trades on the TSX Venture Exchange under the symbol SPP. SPoT designs, builds, operates and franchises community oriented cafés and express cafés in New York State. SPoT's community cafés provide its customers with the highest quality service, signature made-to-order meals and award winning micro-roasted coffee. Each SPoT café is distinctively designed to suit its local neighbourhood, creating a warm and friendly gathering place for the community. SPoT's commercial business focuses on the sale of roasted coffee beans to food service and grocery chains, business offices 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.

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