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Press Releases
Seattle's Best Coffee Signs Agreement with Safeway to Offer
Fair Trade Certified Organic Coffee
(Seattle, Wash.) - Seattle's
Best Coffeeš, a subsidiary of AFC Enterprises, Inc. (NASDAQ: AFCE) signed an
agreement with Safeway Inc., (NYSE: SWY) to sell the entire Seattle's Best
Coffee line of organic coffee in about 1,400 stores across the country.
"The grocery market is a high growth segment for Seattle's Best Coffee,"
says Steve Schickler, president of Seattle Coffee Company, parent company of
Seattle's Best Coffee. "This is a tremendous opportunity to continue our growth
and make our brand much more accessible to a broader market."
The
agreement will result in the largest distribution of Fair Trade Certified organically grown
coffee products in North American grocery stores to date. Seattle's Best Coffee
Fair Trade Certified Organic French Roast is harvested in the highlands of
Southern Peru. The coffee is grown by a collection of small farms, which produce
a rich, smooth, flavorful coffee. These farms produce coffee under canopies of
various indigenous trees. This habitat is beneficial to the numerous migratory
bird species, which live in the area.
The organic food industry accounts
for $7.7 billion in revenue each year in the U.S. and has grown at an average
annual rate of 20 percent over the last 10 years. The Seattle's Best Coffee
organic line will be offered in Safeway stores located across the U.S.,
including Vons stores in Southern California and Nevada, Chicago-based
Dominick's stores, Randalls and Tom Thumb stores in Texas, as well as Carr's
stores in Alaska. The line will include six Organic Crop Improvement Association
(OCIA) certified organic blends, Sumatra, Tierra Verde, Blue Water, Breakfast,
Twilight Decaf, and "the Transfair Fair Trade Certified Organic French Roast".
"We are very proud to be able to partner with Safeway in bringing our
quality coffee to Safeway customers while practicing equitable economics," says
Schickler.
Seattle's Best Coffee's organic line was introduced into
Seattle's Best Coffee cafs several years ago with immediate consumer acceptance
and remarkable growth. SBC's certified organic coffee is 100 percent
high-altitude, shade-grown and free of pesticides and herbicides. "Seattle's
Best Coffee is deeply committed to working responsibly with people in coffee
growing regions and the environmental benefits of shade-grown coffee are also
just as important to us," Schickler says. "Seattle's Best Coffee's customers
will benefit by tasting the exceptional flavor of shade grown organic coffee
while contributing to a better environment."
TransFair USA, a non-profit monitoring agency, is the only
organization providing independent, third-party certification of Fair Trade
Certified products in the U.S. TransFair promotes mutually beneficial
relationships between farmers and coffee companies, and educates consumers about
international trade and economic development. Fair trade offers farmers fair
prices, direct trade, and access to credit. Through fair trade, small family
farmers are able to provide basic healthcare and improved nutrition for their
families, keep their children in school, re-invest in their farms and
communities, and practice environmentally responsible farming methods.
Seattle Coffee Company, a wholly owned subsidiary of Atlanta-based AFC Enterprises, Inc. franchises and
operates 128 Seattle's Best
Coffeeš cafs and 19 Torrefazione Italiaš cafs in eight countries worldwide. The
company has more than 6,700 wholesale customers, including restaurants, food
service, airlines, and hotels.
AFC Enterprises operates, develops and
franchises quick service restaurants, bakeries and cafes primarily under the
trade names Popeyes Chicken & Biscuits, Church's Chicken , Cinnabonš, Seattle's Best
Coffee and
Torrefazione Italiaš. As of December 31, 2000, AFC Enterprises operated and
franchised 3,618 restaurants, bakeries and cafes in 46 states, the District of
Columbia and 27 foreign countries. AFC Enterprises system-wide sales in 2000
totaled approximately $2.4 billion.
Safeway Inc. is a Fortune 50 company
and one of the largest food and drug retailers in North America based on sales.
The company operates 1,754 stores in the United States and Canada and had annual
sales of $32.0 billion in 2000. The company's common stock is traded on the New
York Stock Exchange under the symbol SWY.
Forward-Looking Statement.
Certain statements in this release, and other written or oral statements made by
or on behalf of AFC or its brands, are "forward-looking statements" within the
meaning of the federal securities laws. Statements regarding future events and
developments and our future performance, as well as management's expectations,
beliefs, plans, estimates or projections relating to the future, are
forward-looking statements within the meaning of these laws. These
forward-looking statements are subject to a number of risks and uncertainties.
Among the important factors that could cause actual results to differ materially
from those indicated by such forward-looking statements are the cost and
availability of our principal food products, labor shortages or increased labor
costs, our ability to franchise new units and expand our brands, our and our
franchisees' ability to successfully operate existing units and open new units,
changes in consumer preferences and demographic trends, competition, general
economic, political and regulatory conditions and the risk factors detailed in
our Annual Report on Form 10-K for the year ended December 31, 2000 and the
other documents we file with the Securities and Exchange Commission. You should
not place undue reliance on any forward-looking statements, since those
statements speak only as of the date they are made.
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