TORONTO, Dec. 12, 2017 /CNW/ - SPOT COFFEE
(CANADA) LTD. (TSX-V: SPP) ("SPoT"
or the "Company") is pleased to report that RSM International
Ltd. ("RSM"), the accounting industry's sixth largest firm and a
global provider of audit, tax and consulting services, has
purchased Collins Barrow LLP, SPoT's new auditor. Accordingly, the
Company's auditor is now RSM Canada (www.rsmcanada.com).
"Our Company and its shareholders are very pleased with this
news," said Anton Ayoub, President
and CEO of SPoT Coffee. "We are confident that SPoT's franchise
operations will benefit from the expanded consulting services of
RSM and the resources of 41,000 professional people in more than
120 countries around the world."
This news release is an important follow-up to the Company's
recently announced decision to retain Collins Barrow LLP as its new
auditor in a press release disseminated on November 27 of this year. SPoT continues to focus
on upgrading its operational infrastructure and streamlining its
financial reporting and general accounting procedures in order to
keep up with its growth and to best serve its developing franchise
program in the short as well as the long term.
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.