Spot Coffee (Canada) Ltd.
TSX VENTURE : SPP

Spot Coffee (Canada) Ltd.

July 28, 2015 14:04 ET

SPoT Coffee Signs First Franchise Agreement, Provides Update

TORONTO, ONTARIO--(Marketwired - July 28, 2015) - SPOT COFFEE (CANADA) LTD. (TSX VENTURE:SPP) ("SPoT" or the "Company") is pleased to announce that it has signed an agreement for its first franchise café which will be located in Hamburg, New York. SPoT Coffee Hamburg will be located in the heart of Hamburg's most active pedestrian community, Hamburg Village. It will be owned and operated by a family from the Hamburg community. Spot Coffee Hamburg will be featuring SPoT's distinctive interior design, several seating options, a relaxed atmosphere and a patio. It will serve SPoT's complete menu including its award winning coffee, hand-crafted beverages, signature light meals and gourmet pizza. The SPoT franchise agreement provides that SPoT Coffee Hamburg will be opening for business in Q4 of 2015.

SPoT Coffee is presently involved in ongoing negotiations with several other serious potential franchisees from across New York State and continues to receive new applications from qualified parties. The Company's franchise strategy to offer both SPoT Coffee full café and SPoT Coffee Express concepts have proven to be a good strategy considering the equal demand by prospective franchisees that the Company has been witnessing for both concepts. The Company looks to accelerate awarding new franchises in New York State, with several more anticipated by the end of 2015 including the conversion of SPoT Orchard Park from a café under licence to a franchise café.

"We are excited with our franchise partnership with members of the local community in the Village of Hamburg to open a SPoT Coffee full café. It is important to partner with members of the local community as new franchisee owners-operators who will uphold the SPoT Coffee tradition of providing the SPoT Coffee customers with the same quality of products, service and environment as we do," said Mr. Anton Ayoub, President of SPoT Coffee. "The signing of this franchise agreement marks the beginning of a significant unfolding milestone in the company's expansion across New York State."

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 complement the unique attributes 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.

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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