TORONTO, ONTARIO--(Marketwire - Sept. 26, 2012) - SPOT COFFEE (CANADA) LTD. (TSX VENTURE:SPP) ("SPoT" or the "Company") is pleased to announce the successful opening on September 20th of its eighth café, SPoT Coffee Transit Road, located at 5205 Transit Road, situated on the crossroads of the affluent communities of Clarence and Amherst, New York. An open house for the communities will be held on Thursday, September 27, 2012 between the hours of 5:00 pm and 9:00 pm. Guests will be able to savor SPoT food and coffee beverages free of charge. E- cards and roasted coffee beans will be sold at a promotional price.
The Company continues to successfully execute on its aggressive expansion plan involving the development of corporate cafés in Southern Ontario and Western New York. SPoT Coffee's ninth café, Park Place, is near completion and preparing to open for the community during October. SPoT Coffee Saratoga Springs in Upstate New York has commenced the build out and the Company anticipates this location to open for the community in the fourth quarter of this year, bringing the total number of operating cafés to ten by the end of 2012. SPoT Coffee reiterates its intention to open its eleventh and twelfth cafés, Glens Falls and Coral Gables, during the first quarter of 2013 and continues to identify new locations for future cafés. SPoT Coffee's 2013 growth plans include a minimum of eight new corporate cafés, additional licensed locations in Florida and a focus on the wholesale and retail distribution of the Company's award winning gourmet roasted coffee.
ABOUT SPOT COFFEE
SPoT Coffee trades on the TSX Venture Exchange under the symbol SPP. SPoT designs, builds and operates community oriented cafés that provides its customers with the highest quality service, signature made-to order meals and the world's finest in-house roasted gourmet coffee. Each SPoT café is distinctively designed to meet the uniqueness of the local neighborhood, creating a warm and friendly gathering place for the community. SPoT's commercial business focuses on retail stores, business accounts and third party resellers such as universities and hospitals.
Forward Looking Statements
Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes forward-looking statements. 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. Except as required by applicable securities requirements, the Corporation 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.