Così, Inc. Appoints Two New Members to the Board of Directors
November 21 2013 - 4:54PM
FOR IMMEDIATE RELEASE
CONTACT: William E.
Koziel, CFO
(847) 597-8803
Cosi, Inc.
Appoints Two New Members to the Board of Directors
DEERFIELD, Ill., November 21, 2013
-- Cosi, Inc. (Nasdaq:COSI), the fast casual restaurant company,
today announced the appointment of Jean M. Birch and Michael
Collins to the company's Board of Directors on November 12, 2013.
"We are very excited to have Jean
and Michael join us," said Mark S. Demilio, Chairman of the Board
of Cosi, Inc. "Jean's breadth of background in the restaurant
industry and demonstrated ability to achieve exceptional results
will be valuable as we continue to improve on the operational and
guest experience aspects of our business. Michael's
combination of strategic consulting and strong financial acumen
with his background in the retail and consumer products industry
will be equally valuable as we execute our strategy to become a
successful national fast casual brand."
Ms. Birch is currently CEO and
President of Birch Company, LLC, a specialized strategy and
leadership consulting firm focused on the hospitality industry.
From 2009 to 2012, she served as President of IHOP
Restaurants. Prior to that time, Ms. Birch spent four years
with Brinker International first as President of Corner Bakery Café
and then as President of Romano's Macaroni Grill. Ms. Birch
also was Vice President of Operations for Taco Bell and prior to
that spent ten years with Pizza Hut Corporation. She
currently serves on the Boards of Directors for the Children's
Miracle Network Hospitals and the California Council for Economic
Education. Ms. Birch holds an Executive MBA from Southern Methodist
University.
Mr. Collins is currently the Chief
Financial Officer of Bain & Company, Inc. Mr. Collins
also serves as a member of the firm's Strategy, Retail and Consumer
Products Practices as well as a member of the Board of Directors,
the Global Operating Committee, Compensation Committee and
Investment Committee. Prior to his current roles, Collins
held various leadership positions with Bain & Company, LLC
since joining the organization in 1992. From 1985 to 1991,
Mr. Collins held various positions with KPMG Peat Marwick. He
currently serves on the Boards of Directors for the Civic
Consulting Alliance and A Better Chicago. Mr. Collins holds a
B.B.A. degree in Accounting from Loyola University and an M.B.A.
from Harvard Business School.
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 71 Company-owned and 52 franchise restaurants operating
in sixteen states, the District of Columbia, the United Arab
Emirates, and Costa Rica. The Così® vision is to
become America's favorite fast casual restaurant by providing
customers authentic, innovative, savory food while remaining an
affordable luxury.
The Così® menu features
Così® sandwiches,
freshly-tossed salads, bowls, 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.
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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
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