At Second Cup, we know that in order to provide the best coffee for our Guests, we must continue to work in harmony with both the environment and people who provide us with the best quality coffee beans. To both our Guests and coffee producers, we pledge that our coffee growing environment is treated with the utmost respect and dignity. All of our coffee producers provide a safe and healthy work environment and employees are compensated in a fair and equitable manner. As well, Second Cup continues to provide financial remuneration for quality beans to directly benefit the farmers, workers and mills. This is our promise.
Second Cup Royalty Income Fund announces changes to the board and officers of Second Cup GP Inc.
Jul 9, 2007
7:29pm
MISSISSAUGA, ON, July 9 /CNW/ - Second Cup Royalty Income Fund (the
"Fund") wishes to announce that the following individuals have been appointed
to the board of directors of Second Cup GP Inc. ("GP Inc."): Bryna Goldberg,
Michael Rosicki and Rita Toporowski.
Ms. Goldberg recently retired as Executive Vice President Legal Affairs,
General Counsel and Secretary for Shoppers Drug Mart Ltd. and played a key
role in transitioning Shoppers through a leveraged buy-out transaction and
subsequent IPO. She has over 20 years of experience in the retail industry in
Canada.
Mr. Rosicki is currently a trustee of the Fund. Mr. Rosicki is the former
Chairman and Chief Executive Officer of Parmalat North America.
Ms. Toporowski is currently Vice-President Corporate Planning &
Development, Dinecorp Hospitality Inc. (an affiliate of The Second Cup Ltd.)
and brings to the board over 15 years of experience in various senior level
roles within the airline industry, including President Air Canada Vacations
and Senior Director Six Sigma for Air Canada.
The Fund also wishes to announce that Gabriel Tsampalieros has resigned
from the board of directors and as Chief Executive Officer of GP Inc. Mr.
Tsampalieros will continue to serve as a director and as the Executive
Chairman of The Second Cup Ltd., which Mr. Tsampalieros indirectly owns.
"We welcome Bryna, Michael and Rita to the board of GP Inc. The
experience that they bring will enhance the effectiveness of the board,"
commented David Bloom, Chairman of the board of trustees of the Fund. "We
thank Gabe for serving as a director and officer to GP Inc. and are pleased
that his contribution will continue through his roles with The Second Cup
Ltd."
GP Inc. is a wholly owned subsidiary of the Fund and serves as the
trustee of the general partner of Second Cup Trade-Marks Limited Partnership
and also provides certain administrative and advisory services to the Fund.
About the Fund
The Fund is an open-ended trust established under the laws of the
Province of Ontario. It holds, through an indirect wholly-owned limited
partnership, the Canadian trade-marks and other intellectual property and
associated rights used by The Second Cup Ltd. ("Second Cup") in connection
with the operation of Second Cup cafés in Canada. For more information on the
Second Cup Royalty Income Fund please visit www.secondcupincomefund.com.
About Second Cup
Second Cup is Canada's largest specialty coffee café franchisor and
second largest retailer of specialty coffee, as measured by number of cafés.
For further information on Second Cup, visit www.secondcup.com.
%SEDAR: 00021352E
For further information: Stephen Devito, Chief Financial Officer, (905) 362-1824, investor@secondcup.com, www.secondcupincomefund.com