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
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
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
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
SOURCE: Ten Peaks Coffee Company Inc.
For further information:
Sherry Tryssenaar, Chief Financial Officer
Ten Peaks Coffee Company Inc.