TORONTO, Sept. 3, 2019 /CNW/ - SPOT COFFEE
(CANADA) LTD. (TSX-V: SPP) ("Spot"
or the "Company") is pleased to report that Mr. Robert Burchett will be joining the SPoT
management team as the Company's Controller.
As a member of the Company's executive team, Mr. Burchett will,
among other things, act as the head of SPoT's accounting department
at its Buffalo, New
York head office. In his capacity as Controller,
he will supervise all aspects of financial reporting including
preparation of the Company's financial statements. He will also be
instrumental in providing SPoT's management with the reliable and
comprehensive accounting information they need in order to make the
right decisions concerning the Company's business. To this effect,
he will be developing the systems required to meet those needs.
"Robert is a welcome addition to our management team," said Mr.
John Lorenzo, Executive Chairman of
SPoT. "As part of a process of continual operational
improvements, we have intensified our focus on staffing our
accounting department with professionals who have the
qualifications and motivation to streamline our reporting systems,
and to provide us with the reliable data and financial models
needed to make critical decisions as we continue to grow."
As a former CFO with extensive knowledge of financial planning
and analysis, financial reporting, risk management, and tax and
regulatory compliance, Robert is uniquely qualified to streamline
SPoT's accounting policies and procedures, and to bring a
professional perspective to bear on key financial reporting
initiatives presently being undertaken by the Company.
About SPoT Coffee
Spot Coffee designs, builds, operates and franchises
community-oriented cafés and Express cafés in the northeastern
United States. 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 resellers such as universities and hospitals.
We seek Safe Harbor.
Forward Looking Statements
Except for statements of historical fact relating to the
Company, certain information contained herein constitutes
forward-looking statements. 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.
SOURCE Spot Coffee (Canada)
Ltd.