TORONTO, Nov. 27, 2017 /CNW/ - SPOT COFFEE
(CANADA) LTD. (TSX-V: SPP) ("SPoT"
or the "Company") is pleased to report that, effective
November 23, 2017, the Company has
changed its auditor from Kreston GTA LLP to Collins Barrow Toronto
LLP. SPoT's audit committee and board of directors have approved
the change.
"This year, SPoT has been growing at a noticeable rate. We will
complete the year with a total of 27 corporate owned, licensed and
franchised SPoT cafes and Express locations in the states of
New York and Connecticut. We anticipate further accelerated
growth of SPoT franchise sales throughout the states of
New York, Connecticut and Massachusetts in 2018, as well as reaching our
expected target of 50 locations by the end of 2019," commented
John Lorenzo, the Company's Chairman
of the Board. "Our management team is now working on upgrading its
operational infrastructure to meet the challenges of this projected
growth. We are confident that our new auditor will serve our
development and growth as an emerging publicly traded company well
with the depth of their in-house skills and services."
SPoT would like to thank Kreston GTA LLP for their professional
contribution during their term of engagement as auditor of the
Company.
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.