Baristas Florida to Open in Cape Coral, - New Joint Venture With Private Equity Firm Funds Expansion.
Seattle, WA, June 20, 2013 -- Baristas Coffee Company, Inc. (OTC Pink: BCCI),a fast growing U.S. based beverage and branded products company announced that it has secured its first location in Cape Coral Florida as part of an expansion by a new joint venture.
The new Baristas will be located at 403 Cape Coral Parkway, Cape Coral, Florida 33904 at the intersection of Palm Tree Blvd. and is expected to open in late July, 2013.
The Joint venture "Baristas Coffee Company Florida, L.L.C" is owned 51% by Baristas Coffee Company, Inc. a publically traded Nevada corp. and 49% by "South Florida Coffee Company, L.L.C" of which Delray Beach Florida based private equity investment firm "Capital Consulting, Inc." is a majority partner.
CEO Barry Henthorn stated, "We are thrilled to be leveraging the proven success that our Tampa location has demonstrated to expand in Florida. By expanding via the Joint Venture with South Florida Coffee Company, L.L.C we gain a local presence to support the Florida locations. The cost and other resources of developing this region are shared amongst the partners allowing an acceleration of expansion and a solid support structure. In addition to the Cape Coral Location which has been finalized, the Joint Venture has also signed letters of intent on two additional locations in South Florida.
About Cape Coral Florida: The City was incorporated in August 1970, and its population continues to grow rapidly. With more than 160,000 residents, Cape Coral is one of the fastest growing areas in Florida. Cape Coral is the 3rd largest city geographically in the state of Florida and is the 11th largest city in population.
The city is a large peninsula on the Gulf Coast of Florida and is bordered by the Caloosahatchee River on the east and Matlacha Pass on the west. The city is located about 90 minutes south of Sarasota.
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 can currently be found in six greater Seattle area locations as well as in Arizona, 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
SOURCE Baristas Coffee Company, Inc.