19 December 2007
Highlights
• LFL growth: 4.2%
• Cineworld: 73 'Co-brand' locations to open in the UK from early 2008
• 'Co-brand' locations: 27 in operation
• Newly franchised bars: 17 (including 5 converted from 'Company owned')
• Overseas Expansion: 8 countries contracted.
After just over a year as Chairman I am pleased to announce that the strategy
adopted by the Board over the last year has resulted in a marked improvement in
the operational and financial performance although there is still much work to
do.
I am pleased to announce that Coffee Republic has won a contract with Cineworld
UK to introduce its' 'Coffee Republic Served Here' concept into all its 73 UK
sites, continuing the growth of brand exposure across the UK. These concessions
are being rolled out from early 2008 and the benefits of this achievement will
be seen in next year's financial statements.
I am also pleased to announce the appointment of James Cameron Muirhead to the
board of directors as finance director. James, aged 36, qualified as a
Chartered Accountant with PricewaterhouseCoopers in 1998 and has worked with a
number of high growth multi-site, leisure businesses including Novus Leisure Ltd
(the operator of the Tiger Tiger nightclub brand) and Esporta Plc (Health Club
operator). There are no further disclosures to be made in respect of James
Muirhead under Schedule 2(g) of the AIM Rules.
To see more please click here
