Java Detour Increases Franchisee Network
December 17 2008 - 9:55PM
PR Newswire (US)
Two Corporate-Owned Stores to be Purchased and Operated by Former
CFO SAN FRANCISCO, Dec. 17 /PRNewswire-FirstCall/ -- Java Detour,
Inc. (Pink Sheets: JVDT) is proud to announce that it has sold two
of its corporate-owned stores, in Yuba City and Marysville, to a
new franchisee, Java NorCal LLC. The two stores were sold for a
total of $1.5 million, of which $1.2 million was paid in cash. Java
NorCal LLC is operated by Java Detour's former CFO Ronald Sands.
"We are pleased and fortunate to have somebody with as much
experience and knowledge with our brand owning and operating these
two new franchise stores. This is a strong move for Java Detour as
we continue to expand our franchise operations," said Michael
Binninger, CEO of Java Detour. "We are very excited to be part of
the Java Detour franchise system. We see tremendous opportunity
with this brand. We will continue the high standards of these
successful stores and plan to be an integral part of Java Detour's
franchise expansion. We hope these are the first two of many
franchised stores that we will operate in the future," said Ronald
Sands, managing member of Java NorCal and former CFO of Java
Detour. Java Detour now has 21 stores, 10 of which are operated by
franchisees. Java Detour has stores in California, Nevada,
Minnesota, Wisconsin and China. The company expects to open
additional stores in 2009 in the United States and overseas. About
Java Detour Java Detour(R) is an upscale boutique brand. Java
Detour stores sell the world's finest gourmet coffees, fruit
smoothies and selected baked goods from retail facilities that
specialize in speed and convenience. Java Detour's objective is to
establish the Java Detour concept and brand as one of the most
recognized and successful gourmet beverage retailers in the world.
For more information, please visit our website at
http://www.javadetour.com/. Forward-Looking Statements This press
release contains forward-looking statements that are subject to a
number of risks, assumptions and uncertainties that could cause our
actual results to differ from those projected in such
forward-looking statements. These risks, assumptions and
uncertainties include: the failure to develop and maintain our
brand, changes in consumer preferences, competitive pressures,
ability to develop franchises and other risks referenced in our
filings with the Securities and Exchange Commission. We disclaim
and do not undertake any obligation to update or revise any
forward-looking statements. DATASOURCE: Java Detour, Inc. CONTACT:
Michael Binninger, CEO of Java Detour, Inc., +1-415-241-8020 Web
site: http://www.javadetour.com/
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