This morning included not just one press release but instead now two!
Take a look at BCCI's latest news release:
Baristas CEO Update
SEATTLE, Oct. 2, 2012 /PRNewswire/ -- Baristas Coffee Company, Inc. (BCCI) Baristas Coffee Company, Inc. released its shareholder letter from enthusiastic CEO and consummate leader, Barry Henthorn. Henthorn expresses gratitude and praise to shareholders who have stood by BCCI in its 3 years since inception with this letter:
It is with great pride and a sense of accomplishment that we are able to update you with our company position as Baristas Coffee Company completes its third year of operation.
As with most start up companies, we had our challenges in our first years but with the dedication of staff, investors, our top Baristas, and most of all, you, our valued shareholders, we write this letter to you with the utmost thanks for your continued support and belief in Baristas and me, your CEO.
As I always have, I continue to run this business with an open door policy and 100% transparency to all involved so please feel free to contact me with any questions with respect to the updates below.
Let's address the white elephant in the room first and foremost. Last year we were plagued by rumor and innuendo that Baristas was ducking serious financial obligations to various employees and governmental agencies. This was our main priority to resolve in the past year and at this time we are happy to announce that we have no outstanding lawsuits against the company and furthermore, we have negotiated agreements and remain current with all obligations to governmental agencies.
REVENUES, SHARE PRICE, SHAREHOLDER RELATIONS
We are very pleased to report that our 2012 revenue is up about 20% over 2011 and our operating expenses are down significantly as we continue to refine our supply chain. More importantly, WE ARE PROFITABLE!
BCCI is in growth mode and laying the Ground work it takes to become a Growing National Company. Today we experience more of the continued efforts to become BAPI and Trading on the NASDAQ.............................ace
Franchises are cash cows and we should hear news very soon as to how the layout is moving forward.
Im not looking for 1 or 2. Im looking for territories of 15-20 at a time on the low side. As it moves forward it will pick up steam and the numbers will greatly enhance.
Soon to be trading under the NASDAQ symbol BAPI.....................................ace