TSX SYMBOL: TPK
BURNABY, B.C., Dec. 14, 2012 /CNW/ - Ten Peaks Coffee Company Inc. (TSX symbol: TPK) today declared a cash dividend of $0.0625 per share for the quarter ended December 31, 2012. The dividend will be an 'eligible dividend' for Canadian income tax purposes, and will be paid on January 15, 2013 to shareholders of record at the close of business on December 31, 2012.
Ten Peaks is a publicly traded company that owns all of the interests of the Swiss Water Decaffeinated Coffee Company Inc. (SWDCC), a premium green coffee decaffeinator located in Burnaby, BC. It also owns and operates Seaforth Supply Chain Solutions Inc. (Seaforth), a green coffee handling and warehousing business located in Metro Vancouver.
Established in 2000, SWDCC is one of the few chemical-free coffee decaffeinators in the world. It employs the SWISS WATER® Process, a proprietary, chemical-free decaffeination method. Accordingly, SWISS WATER® Process decaffeinated green coffees are distinct from the majority of the world's decaffeinated coffees, which are exposed to chemical solvents such as methylene chloride and ethyl acetate during decaffeination.
Certified organic by the Organic Crop Improvement Association, the SWISS WATER® Process is the world's only branded decaffeination process and enjoys substantial recognition in the specialty coffee trade and with consumers.
SWISS WATER® Process decaffeinated green coffees are sold to many of North America's leading specialty roaster retailers, specialty coffee importers and commercial coffee roasters. SWDCC also sells coffees internationally through regional distributors.
Located in Coquitlam, BC, Seaforth commenced operations in February 2012. It provides a complete range of green coffee handling and storage services, including devanning coffee received from origin; inspecting, weighing and sampling coffees; and storing, handling and preparing green coffee for outbound shipments locally and across North America.
SOURCE: Ten Peaks Coffee Company Inc.
For further information:
Sherry Tryssenaar, Chief Financial Officer
Ten Peaks Coffee Company Inc.