Spot Coffee (Canada) Ltd.

Spot Coffee (Canada) Ltd.

April 15, 2014 07:30 ET

Spot Coffee to Open Two New Cafes

TORONTO, ONTARIO--(Marketwired - April 15, 2014) - SPOT COFFEE (CANADA) LTD. (TSX VENTURE:SPP) ("SPoT" or the "Company") is pleased to announce that its two newest neighbourhood cafés, SPoT Glens Falls and SPoT Orchard Park, will be opening on April 17th, 2014 and April 28th, 2014 respectively. These two cafés will be the last corporate cafés to be opened by the Company prior to the launch of its new franchise program.

SPoT Glens Falls is situated in the town of Glens Falls, NY, at 221 Glen Street, which is within driving distance of popular upstate recreation communities including Lake George and Saratoga Springs. SPoT Orchard Park, which is housed inside a historic building in Orchard Park, NY, at 6519 East Quaker Street, occupies the corner of a high traffic intersection in the heart of its local community, which is also home to the Buffalo Bills National Football League franchise.

"The opening of these two corporate locations marks the successful execution of SPoT Coffee's final pre-franchise expansion phase," said Mr. Anton Ayoub, President of SPoT Coffee. "Our partnership with Mr. Keith Bernard, co-owner of SPoT Orchard Park, has given us the unique opportunity to develop a new SPoT Coffee café in a highly visible location of great historical significance."

The Company will be reporting on the progress it has made with its café monetization program, its franchise submission documents, as well as its franchise staffing milestones in Q2 of 2014.

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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