TORONTO, Aug. 29, 2018 /CNW/ - SPOT COFFEE (CANADA) LTD. (TSX-V: SPP) ("SPoT" or the "Company") is pleased to announce that its newest franchise café, SPoT Coffee Amherst, will open for business on August 31st, 2018. As a precursor to this grand opening, the local community in Amherst, New York has been invited to a lunchtime community gathering on August 30th, 2018 to sample SPoT's award-winning food and coffee free of charge.
In keeping with SPoT's unique approach to building warm and inviting full-service cafés, SPoT Coffee Amherst was designed with ample seating of different types (lounge, café and high bar), and features one of SPoT's now famous murals rendered by local artists, a central fireplace, and a patio. The entire café team has been fully trained in preparation of the commencement of operations.
"Another SPoT franchise café is about to open, and we couldn't be happier with the way the build-out and opening preparation phases have progressed", said Dan Hensley, COO of SPoT Coffee. "We know that our customers are going to love this location. It's charming, well-designed, well-staffed, and ready to serve everyone who will be walking through its doors for years to come."
The Company will also be providing a full operational update in the coming weeks explaining, in detail, the lengths that SPoT's management team has gone to implement cost saving and revenue-generating measures that are anticipated to have a significant impact on the Company's operational and financial performance. This includes improvements to labour structure, adjustments to opening hours, the introduction of speed-enhancing automated coffee equipment, and a fully updated outsourcing program with an emphasis on higher quality and lower cost.
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.
For further information: Anton Ayoub, CEO & President, (416) 368-2220 Ext 228, [email protected]