Stephen F. Edwards Joins Cosi, Inc. Board of Directors
29 October 2011 - 8:00AM
Marketwired
Cosi, Inc. (NASDAQ: COSI), the premium convenience restaurant
company, today announced the appointment of Stephen F. Edwards to
the company's Board of Directors on October 24, 2011.
"We are very excited to have Stephen join us," said Mark S.
Demilio, Interim CEO and Chairman of the Board of Cosi, Inc. "His
broad knowledge of growth organizations in the retail sector,
combined with his extensive experience in investments and as a
board member of national multi-unit restaurant concepts and other
retail companies will be very valuable as we execute our growth
strategy to become a leading national brand."
Mr. Edwards, 48, is currently a managing member of Edwards
Capital Management LLC, a private investment company. From July
2002 to January 2009, he served as a Senior Managing Director of
Atticus Capital LLC, a private investment partnership. Prior to
that time, Mr. Edwards served as a Senior Managing Director of
Bruckmann, Rosser, Sherrill & Co., LLC, a middle market
leveraged buyout fund. He has previously served on the Boards of
Directors at Kemet Corporation, Smith Alarm Holdings, Town Sports
International Holdings, Au Bon Pain Inc, Windy Hill Pet Food
Company Inc, Unwired Plc, Anvil Holdings, and Champps Entertainment
Inc. (NASDAQ: CMPP). Mr. Edwards holds a B.A. degree in Economics
from Yale University and an M.B.A. from Harvard Business
School.
About Cosi, Inc.
Così® (http://www.getcosi.com) is a national fast-casual
restaurant chain that has developed featured foods built around a
secret, generations-old recipe for crackly crust flatbread. This
artisan bread is freshly baked in front of customers throughout the
day in open flame stone hearth ovens prominently located in each of
the restaurants. Così's warm and urbane atmosphere is geared
towards its sophisticated, upscale, urban and suburban guests.
There are currently 80 Company-owned and 57 franchise restaurants
operating in seventeen states, the District of Columbia and the
United Arab Emirates. The Così® vision is to become America's
favorite fast-casual restaurant by providing customers authentic,
innovative, savory food.
The Così® menu features unique sandwiches, freshly tossed
salads, melts, soups, flatbread pizzas, Squagels®, breakfast wraps
and other breakfast products, S'mores, snacks and other desserts,
and a wide range of coffee and coffee-based drinks and other
specialty beverages. Così® restaurants are designed to be welcoming
and comfortable with an eclectic environment. Così's sights,
sounds, and spaces create a tasteful, relaxed ambience that
provides a fresh and new dining experience.
"COSÌ", "(Sun & Moon Design)" and related marks are
registered trademarks of Così, Inc. in the U.S.A. and certain other
countries. Copyright © 2011 Così, Inc. All rights reserved.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995. This press release contains statements that
constitute forward-looking statements under the federal securities
laws. Forward-looking statements are statements about future events
and expectations and not statements of historical fact. The words
"believe," "may," "will," "should," "anticipate," "estimate,"
"expect," "intend," "objective," "seek," "plan," "strive," or
similar words, or negatives of these words, identify
forward-looking statements. We qualify any forward-looking
statements entirely by these cautionary factors. Forward-looking
statements are based on management's beliefs, assumptions and
expectations of our future economic performance, taking into
account the information currently available to management.
Forward-looking statements involve risks and uncertainties that may
cause our actual results, performance or financial condition to
differ materially from the expectations of future results,
performance or financial condition we express or imply in any
forward-looking statements. Factors that could contribute to these
differences include, but are not limited to: the cost of our
principal food products and supply and delivery shortages or
interruptions; labor shortages or increased labor costs; changes in
demographic trends and consumer tastes and preferences, including
changes resulting from concerns over nutritional or safety aspects
of beef, poultry, produce, or other foods or the effects of
food-borne illnesses, such as E. Coli, "mad cow disease" and avian
influenza or "bird flu"; competition in our markets, both in our
business and in locating suitable restaurant sites; our operation
and execution in new and existing markets; expansion into new
markets including foreign markets; our ability to attract and
retain qualified franchisees and our franchisees' ability to open
restaurants on a timely basis; our ability to locate suitable
restaurant sites in new and existing markets and negotiate
acceptable lease terms; the rate of our internal growth and our
ability to generate increased revenue from our existing
restaurants; our ability to generate positive cash flow from
existing and new restaurants; fluctuations in our quarterly results
due to seasonality; increased government regulation and our ability
to secure required governmental approvals and permits; our ability
to create customer awareness of our restaurants in new markets; the
reliability of our customer and market studies; cost effective and
timely planning, design and build-out of restaurants; our ability
to recruit, train and retain qualified corporate and restaurant
personnel and management; market saturation due to new restaurant
openings; inadequate protection of our intellectual property; our
ability to obtain capital and financing; adverse weather conditions
which impact customer traffic at our restaurants; and, adverse
economic conditions. Further information regarding factors that
could affect our results and the statements made herein are
included in our filings with the Securities and Exchange
Commission.
Additional information is available on the company's website at
http://www.getcosi.com in the investor relations section.
CONTACT: William E. Koziel CFO (847) 597-8803
Champps (NASDAQ:CMPP)
Historical Stock Chart
From Oct 2024 to Nov 2024
Champps (NASDAQ:CMPP)
Historical Stock Chart
From Nov 2023 to Nov 2024