Così® Franchisee Opens Sixth Restaurant in Costa Rica
December 10 2015 - 6:30AM
Così, Inc. (NASDAQ:COSI), the fast-casual restaurant company, today
announced that its franchisee, Fast Casual Ltda., has opened its
sixth Così® restaurant in Costa Rica at Nuevo City Plaza al lado
del Cine in Santa Ana.
“We are pleased to announce the opening of
another new Così restaurant by our franchise partner, Fast Casual,”
said RJ Dourney, Così President and Chief Executive Officer.
“Fast Casual has done an outstanding job of building the brand in
Costa Rica, and we remain excited about the acceptance of the Così
menu and dining experience in this market. Looking ahead, we
continue to explore additional opportunities with Fast Casual and
other franchise partners as we focus on driving profitable growth
both domestically and in Latin America,” Dourney went on to
say.
“We believe there is a broader demand for Così
in these markets,” said Luis Diego Escalante, President of Fast
Casual. “As we near completion of our development schedule in
Costa Rica, we are working with Cosi on other potential expansion
opportunities in the United States and Latin America.”
This location is the sixth of eight restaurants
Fast Casual expects to open in Costa Rica.
About Così, Inc.
Così (http://www.getcosi.com) is an upscale
national fast casual restaurant company. At the heart of
every restaurant is a hearth where the Così® signature flatbread is
made from scratch throughout the day. The flatbread is made
from a generations-old recipe and is part of many Così favorites.
Così was founded on the idea that good for you food should be
delicious. Menu items are made using fresh ingredients and
distinctive sauces and spreads to create edgy flavors. The
menu features made-to-order sandwiches, tossed salads, bowls,
breakfast wraps, melts, all natural soups, signature Squagels®,
artisan flatbread pizzas, S`mores, snacks and desserts.
Guests can also enjoy handcrafted beverages and a variety of
coffee-based and specialty beverages.
Così employees create a welcoming environment
where guests are invited to relax and enjoy great food. In
many cases, Così is the cornerstone of the communities that they
are in and take pride in supporting community organizations and
local charities. There are currently 79 Company-owned and 31
franchise restaurants operating in fifteen states, the District of
Columbia, Costa Rica and the United Arab Emirates.
“COSÌ,” and related marks are registered
trademarks of Così, Inc. in the U.S.A. and certain other countries.
Copyright © 2015 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 and 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 government 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 additional 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 Cosi,
Inc. website at www.getcosi.com in the investor relations
section.
CONTACT:
Miguel Rossy-Donovan
Chief Financial Officer
(857) 415-5020
InvestorRelations@getcosi.com