Così Franchisee to Open Third Restaurant in Costa Rica
October 31 2013 - 11:29AM
CONTACT:
William E. Koziel
Chief Financial Officer
(847) 597-8803
FOR IMMEDIATE RELEASE
Così Franchisee to
Open Third Restaurant in Costa Rica
DEERFIELD, Ill., October 31, 2013
-- Così, Inc. (NASDAQ: COSI), the fast casual restaurant company,
today announced that its franchisee, Fast Casual S.A., has entered
into a lease to open a third Così restaurant in Costa Rica as it
continues its successful expansion in this Latin American Market.
The new restaurant is expected to open in December 2013 at
Plaza Real Alajuela which is located near the Juan Santamaria
International Airport.
"We are excited to be opening our
third Così location in twelve months and plan to open additional
locations in 2014," stated Luis Diego Escalante, Principal at Fast
Casual S.A. "We look forward to serving our fresh-baked signature
flatbread and unique hand-crafted salads to the entire Costa Rican
community as well as the many international travelers visiting our
country."
"I am pleased to announce that
Fast Casual S.A., our franchise partner in Costa Rica, intends to
open yet another Così restaurant in Costa Rica," said Stephen
Edwards, Così President and Chief Executive Officer. "We are
thrilled to have a partner with such a strong commitment to growth,
outstanding customer service and operational excellence.
We are also grateful to the community of Costa Rica for the
swift acceptance of Così's signature products and customer
experience. We look forward to pursuing further expansion
opportunities with Fast Casual, S.A."
About Così,
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 72 Company-owned and 51 franchise restaurants operating
in sixteen states, the District of Columbia, Costa Rica and the
United Arab Emirates. The Così® vision is to
become America's favorite fast casual restaurant by providing
customers authentic, innovative, savory hand-crafted food while
remaining an affordable luxury.
The Così® menu features
Così® sandwiches,
freshly-tossed salads, breakfast wraps, melts, soups,
Così®
Squagels®, flatbread
pizzas, 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 © 2013 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 Così's website at
http://www.getcosi.com in the investor relations section.
This
announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the
information contained therein.
Source: Così, Inc via Thomson Reuters ONE
HUG#1739732