Diedrich Coffee Announces Retirement of Richard Spencer From the Company's Board of Directors
May 09 2007 - 9:07PM
PR Newswire (US)
IRVINE, Calif., May 9 /PRNewswire-FirstCall/ -- Diedrich Coffee,
Inc. (NASDAQ:DDRX) today announced that Richard S. Spencer, III
retired from the Company's board of directors as of May 8, 2007.
Mr. Spencer had served on the Company's board of directors since
2001. "Dick has been an excellent and engaged board member whose
service has benefited our company immensely. We wish him the very
best," said Paul C. Heeschen, Chairman of the board of directors.
Following Mr. Spencer's departure, the board of directors will
consist of Paul C. Heeschen, Greg Palmer, J. Russell Phillips and
Timothy J. Ryan. 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 Diedrich Coffee, Gloria Jean's Coffees and Coffee
People. As of April 4, 2007, the Company's 154 retail outlets, the
majority of which are franchised, are located in 31 states.
Diedrich Coffee also sells its coffees through more than 800
wholesale accounts, including office coffee service distributors,
restaurants and specialty retailers, and via the Company's web
stores. 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 financial and
operating performance of the Company's retail operations, the
Company's ability to maintain profitability over time, the
successful execution of the Company's growth strategies,
franchisee's adherence to the Company's practices, policies and
procedures, 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 for the
fiscal year ended June 28, 2006 and subsequently filed quarterly
reports on Form 10-Q. Information Contact: Sean McCarthy Chief
Financial Officer (949) 260-6734 DATASOURCE: Diedrich Coffee, Inc.
CONTACT: Sean McCarthy, Chief Financial Officer of Diedrich Coffee,
Inc., +1-949-260-6734 Web site: http://www.diedrich.com/
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