Randy Powell to Leave Board of Directors of Diedrich Coffee
September 21 2005 - 8:32PM
PR Newswire (US)
IRVINE, Calif., Sept. 21 /PRNewswire-FirstCall/ -- Diedrich Coffee,
Inc. (NASDAQ:DDRX), a leading roaster and retailer of gourmet
coffee in Southern California, today announced that Randy Powell
has resigned from the Company's board of directors as of today. He
cited personal reasons for his decision. Mr. Powell is President of
a division of Maple Leaf Foods, Inc. a Canadian company
headquartered in Toronto. He has served on the Company's board of
directors since 2001. "Randy has been an effective board member
whose strategic vision has been valuable to the company. We're
sorry to lose him," said Paul Heeschen, Chairman of the board of
directors. Following Powell's departure, the board of directors
will consist of Paul Heeschen, Lawrence Goelman, Richard Spencer
and Roger Laverty. About Diedrich Coffee With headquarters in
Irvine, California, Diedrich Coffee specializes in sourcing,
roasting and selling the world's highest quality coffees. The
Company's three brands are Gloria Jean's Coffees, Diedrich Coffee,
and Coffee People. The Company's 201 domestic retail outlets, the
majority of which are franchised, are located in 33 states.
Diedrich Coffee also sells its coffees through more than 460
wholesale accounts including office coffee service distributors,
restaurants and specialty retailers, via mail order and the
Internet. For more information about Diedrich Coffee, call
800/354-5282, or visit the Company's Web sites at
http://www.diedrich.com/, http://www.gloriajeans.com/, or
http://www.coffeepeople.com/. Forward Looking Statements Statements
in this news release that relate to future plans, financial results
or projections, events or performance are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, and fall under the safe harbor. Actual results
and financial position could differ materially from those
anticipated in the forward-looking statements as a result of a
number of factors, including, but not limited to, the successful
management of Diedrich Coffee's growth strategy, risks that arise
in the context of operating a business with significant franchise
operations, the impact of competition, the availability of working
capital and other risks and uncertainties described in detail under
"Risk Factors and Trends Affecting Diedrich Coffee and its
Business" in the Company's annual report on Form 10-K/A for the
fiscal year ended June 30, 2004. Contact Marty Lynch, Chief
Financial Officer (949) 260-1600 DATASOURCE: Diedrich Coffee, Inc.
CONTACT: Marty Lynch, Chief Financial Officer of Diedrich Coffee,
Inc., +1-949-260-1600 Web site: http://www.coffeepeople.com/ Web
site: http://www.gloriajeans.com/ Web site:
http://www.diedrich.com/
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