TORONTO, Nov. 7, 2017 /CNW/ - SPOT COFFEE (CANADA) LTD. (TSX-V: SPP) ("SPoT" or the
"Company") is pleased to announce that the year-over-year same
store sales of the following corporate-owned and franchise cafes
have significantly increased during the past three months:
- SPoT Transit sales up 26%
- SPoT Glens Falls sales up 22%
- SPoT Hamburg sales up 12%
- SPoT Saratoga Springs sales up 10%
SPoT attributes the marked improvement in sales at these and
other SPoT cafes to two key factors:
- Strong and sustained local advertising and support programs in
their immediate communities and surrounding neighbourhoods.
- Management's focus on continuously improving customer
service.
SPoT believes that this increase in sales at its cafes will
reflect positively on its forthcoming Q3 financial statement, which
will be released soon.
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.