Baristas to Expand Throughout NY via Joint Venture with BMOC Baristas Master Franchise Partner
"Seattle's World Famous Costume Coffee" announced that they have entered into a joint venture agreement with BMOC to expand operations of the Mall Café format of Baristas Coffee Company throughout the state of NY. The joint venture will be owned 51% by Baristas and 49% by BMOC and will be managed primarily by BMOC under the Baristas Café concept which has been proven effective in the Pennsylvania.
Seattle, May 14, 2015 (Newswire.com) - Baristas Coffee Company, Inc. (OTCQB:BCCI), “Seattle’s World Famous Costume Coffee” announced that they have entered into a joint venture agreement with BMOC to expand operations of the Mall Café format of Baristas Coffee Company throughout the state of NY. The joint venture will be owned 51% by Baristas and 49% by BMOC and will be managed primarily by BMOC under the Baristas Café concept which has been proven effective in the Pennsylvania locations. The locations that are in malls in Pennsylvania are Baristas franchises owned and operated by BMOC Partners. Baristas will recognize revenue consistent with other majority owned Joint Ventures in Florida.
The first location has been identified and negotiated and will be announced once an opening schedule has been established.
"NY has been on our radar for quite some time as have many other regions. Baristas and our partners wanted to prove the mall concept and gage acceptance. Now that we have proven the concept in Pennsylvania we are moving forward with other regions and are exceptionally optimistic about the opportunities that exist in NY. Opening the NY region as a Joint venture allows Baristas to take a larger stake in the locations while leveraging the operational aptitude of BMOC Partners"
Barry Henthorn, CEO
Baristas CEO Barry Henthorn stated: “NY has been on our radar for quite some time as have many other regions. Baristas and our partners wanted to prove the mall concept and gage acceptance. Now that we have proven the concept in Pennsylvania we are moving forward with other regions and are exceptionally optimistic about the opportunities that exist in NY. Opening the NY region as a Joint venture allows Baristas to take a larger stake in the locations while leveraging the operational aptitude of BMOC Partners”
Lehr stated: “Since our recent openings we have been contacted by several NY area mall operators and have identified a sizable pool of available locations throughout the state . With the aggressive expansion in development within the BMOC 8 state master franchise territory we felt it was best to add the expertise and resources of Baristas to be able to maximize the rapid expansion throughout New York”
About Baristas Coffee Company (BCCI): Headquartered in the Seattle, Washington area, Baristas Coffee Company, Inc. was formed to create a national brand of drive-thru espresso stands. BCCI is accomplishing this by acquiring established businesses that fit its model, opening new locations, and by franchising. Baristas has separated itself from the competition with its "theme" of joining attractive female baristas in entertaining costumes preparing the finest beverages available on the market. Baristas also now offers K-Cups for retail distribution. Baristas is also the subject of "Baristas Grounded in Seattle" a reality TV show that premiered Oct. 11 2014 on WEtv (and can be viewed for a short time at http://youtu.be/NnTP58vbc1k) that takes an unprecedented and brutally honest look into the lives behind the scenes of girls from a variety of backgrounds who work in the Baristas stands. Baristas can currently be found in seven greater Seattle area locations as well as in Florida, and Montana. Your state, Coming Soon!
For more information on this fascinating concept please visit us at: www.baristas.tv
For Investor Relations Contact:
Barry Henthorn
barry@baristas.tv
(206)579-0222