Spot Coffee (Canada) Ltd.

Spot Coffee (Canada) Ltd.

June 20, 2012 08:58 ET

Spot Coffee Updates International Growth Plans

TORONTO, ONTARIO--(Marketwire - June 20, 2012) - SPOT COFFEE (CANADA) LTD. (TSX VENTURE:SPP) ("SPoT" or the "Company") pursuant to its press release dated April 16th, 2012 would like to provide a further update on its plans to expand operations to new international markets.

As announced previously, SPoT has been in strategic discussions with a leading café and restaurant developer to assist the company in setting up the infrastructure for an international licensing agreement in preparation of executing its business and financial plan for international growth. Today the company announced the commencement of international expansion into the Middle East, North Africa, United Kingdom and Ireland by way of an agreement to establish an international Master Licensor to be named SPoT International Limited ("SIL"). SIL has identified strategic regional partners to execute business and financial plans in their respective areas and is now in the process of negotiating terms. SIL is to be domiciled in Ireland for legal and tax purposes and will serve as the vehicle which holds the SIL Master License for the aforementioned territories.

In conjunction with this, SPoT has named Mr. Tarek Bizri as Chief Operating Officer of SIL. Mr. Bizri will oversee the operations and business development for all SIL regions. Mr. Bizri is currently the CEO of Bites Food Company, a Kuwaiti company focused on the acquisition, rollout and operations of retail and hospitality chains. Prior to Bites Foods, Mr. Bizri had a similar role with M.H. Alshaya ( where he was in charge of local franchising strategies for companies including Starbucks, Pinkberry, P.F. Changs and many other well-known brands.

"With all current locations performing extremely well and our ongoing North American expansion program, now is the time to begin to move internationally to accelerate corporate growth," said Anton Ayoub, President of SPoT Coffee. "Tarek's experience and past achievements make him the ideal operational leader for SIL. I look forward to working with Tarek and expanding my focus to include the development of our international business."

About SPoT Coffee

Spot Coffee trades on The Toronto Venture Exchange under the symbol SPP. SPoT designs, builds and operates community oriented cafés that provides its customers with the highest quality service, signature healthy 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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