Baristas Acquires Grinders
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| Posted
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Tue, 03 Nov 2009 11:30:18 GMT |
| Author
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Pangea Networks, Inc. DBA Baristas |
| Category
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Press Release |
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SEATTLE, WA -- 11/03/09 --
Pangea Networks, Inc. DBA "Baristas" has
completed the purchase of the "Grinders" drive-thru location. The
transaction was completed on September 4th, 2009. The location is
currently being converted to the "Baristas" brand and has been operating as
a Baristas location since its acquisition.
"The acquisition of Grinders is consistent with our growth objectives and
increases the penetration of our target market in the area. In addition we
have been successful in dramatically increasing the sales and revenue over
what it had previously been doing since we began running the location,"
stated CEO Barry Henthorn.
About the Grinders location:
Grinders is strategically located at the intersection of Hwy 525 and Hwy 99
in Lynnwood, WA. Grinders is a well built drive-thru coffee stand with two
windows on a large lot which provides for an easy in and out for most
vehicle sizes.
About Baristas:
Headquartered in Seattle, WA, Baristas http://baristas.tv was formed in
order to create a national brand of drive-thru espresso stands by acquiring
established businesses that fit its model and by opening new locations.
Baristas employs and promotes attractive female baristas trained to
interact with the customers to maximize sales as well as prepare the finest
beverages available. All baristas wear constantly changing and appealing
costumes, allowing for customers to enjoy the anticipation of a fun,
creative, new, and intriguing experience every day.
Forward-Looking Statements:
This news release includes comments that may be deemed forward-looking
within the meaning of the safe harbor provisions of the U.S. Federal
Securities Laws. These include, among other things, statements about
expectations of future events or transactions, sales of products or
performance. Forward-looking statements are subject to risks and
uncertainties that may cause the company's results to differ materially
from expectations. These risks include the company's ability to execute its
business plan, having necessary financing in time to meet contractual
obligations and support the business activity, and other such risks as the
company may identify and discuss from time to time, including those risks
disclosed in the company's current and future filings with the Securities
and Exchange Commission. Accordingly, there is no certainty that the
company's plans will be achieved.
FOR FURTHER INFORMATION contact
T. Scott Steciw
(425) 749-2265
Email Contact
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