Spot Coffee (Canada) Ltd.

Spot Coffee (Canada) Ltd.

January 05, 2016 08:45 ET

SPoT Coffee Signs New Franchise Agreement for West Seneca

TORONTO, ONTARIO--(Marketwired - Jan. 5, 2016) - SPOT COFFEE (CANADA) LTD. (TSX VENTURE:SPP) ("SPoT" or the "Company") is pleased to announce that it has signed an agreement for a SPoT Express franchise café which will be located in West Seneca, a lively Buffalo suburb which houses the Charles E. Burchfield Nature & Art Center, a 29-acre art and nature center complex, as well as the $7.2 million state-of-the-art Southtowns Family YMCA facility. SPoT Coffee West Seneca Express will be located in a high traffic area of the community and will feature SPoT's distinctive interior design, a variety of seating options, a relaxed atmosphere and a patio.

The addition of SPoT Coffee West Seneca Express will give SPoT a stronger presence in the inner Southtowns district, which is a cluster of suburban towns that includes Orchard Park and Hamburg. Beyond the signing of this fourth new franchise in the last three months, SPoT continues to negotiate new full café and express café franchises with serious potential franchisees from across Western and Upstate New York in accordance with its primary strategy for regional franchise and brand name expansion. We will be issuing further news releases in a timely fashion, to inform our shareholders and stakeholders of forthcoming new franchises as they are get successfully negotiated and enter final agreement phases.

"We are extremely pleased to keep and even accelerate the momentum that our franchise program has achieved in the short period of time since we obtained franchise registration from the State of New York. We are kicking off 2016 with a new franchise in West Seneca," said Anton Ayoub, president of Spot Coffee. Mr. Ayoub further commented: "West Seneca offers its residents, visitors and businesses a busy and prosperous suburban environment, which is well suited to embrace the SPoT Coffee Express café concept."

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.

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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