TORONTO, June 27, 2017 /CNW/ - SPOT COFFEE
(CANADA) LTD. (TSX-V: SPP) ("SPoT"
or the "Company") is pleased to announce that yesterday it
entered into agreements with two (2) new franchisees to develop a
Full SPoT café and a SPoT Express café in New York State. SPoT's new Full café will be
designed to serve the community of the Town of Amherst, New York, while its new
Express café will be located in Buffalo. The Company has identified
and is presently negotiating a location for the Full SPoT franchise
cafe in Amherst, New York, and is
actively seeking a suitable location for the Express franchise
café.
The sound financial performance of the Company's corporate and
franchise cafés, as well as the growing strength of its brand in
New York and its neighboring
states, has created a steady and continuous demand for both of its
café franchise models.
"Faced by an increasing demand for both of our café franchise
models, we are determined to maintain controlled growth when it
comes to the selection of franchisees and café locations that can
best serve their communities," said Anton
Ayoub, president of SPoT, "Our management team and all of
our staff are unified in their commitment to deepen our efforts to
attain profitable company-wide operations in the forthcoming
quarters."
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
Company, certain information contained herein constitutes
forward-looking statements. In particular, forward-looking
information in this press release includes, but is not limited to,
the potential use of proceeds of the financing that is the subject
of this release. Although we believe that the expectations
reflected in the forward-looking information are reasonable, there
can be no assurance that such expectations will prove to be
correct. We cannot guarantee future results, performance or
achievements. Consequently, there is no representation that the
actual results achieved will be the same, in whole or in part, as
those set out in the forward-looking information.
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.
The forward-looking information contained in this news release is
expressly qualified by this cautionary statement. Except as
required by applicable securities laws, the Company 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.
SOURCE Spot Coffee (Canada)
Ltd.