Così, Inc : Così Names New Vice President of Operations and Strengthens Operations Team CONTACT: William Koziel (847) 597-8800 FOR IMMEDIATE RELEASE Così Names New Vice President of Operations and Strengthens Operations Team DEERFIELD, IL, February 14, 2013 - Così, Inc. (NASDAQ: COSI), the fast casual restaurant company, today announced that it has named seasoned restaurant executive John Mallon to the position of Vice President of Operations. Mallon will directly oversee operations at the 75 Company-owned locations. Mallon has over 30 years of restaurant industry experience including 20 years at Applebee's where he most recently was Regional Vice President of Company Operations and was responsible for the oversight of over 200 restaurants as well as successfully opening a significant number of new restaurants in the Midwest region. Earlier in his tenure at Applebee's, Mallon worked on the franchise operations side of the business. Prior to Applebee's, Mallon spent several years in restaurant operations at Bennigan's. Most recently, he successfully developed and operated a six-unit frozen yogurt concept in the Minneapolis market. Così also announced today that it has strengthened its operations leadership team with the recent addition of two new Regional Director positions and the appointment of several new District Managers. David Parker has been named a Regional Director with responsibility for several Company markets in the Midwest. Parker comes to Così with over 15 years of experience, most recently as an Area Director for Applebee's. Giovanni Jara was promoted to the position of Regional Director with responsibility for Company markets in the Northeast. Jara has been with Così for more than 13 years most recently as a District Manager in the New York market. Douglas Converse has been named as District Manager to the Mid-Atlantic region. Converse has over 25 years of restaurant experience at various concepts including Regional Vice President for Au Bon Pain Bakery Café on the East Coast. Gina Wright has been named District Manager in our suburban Philadelphia market. Wright has over 15 years of restaurant experience much of which was with Cozymels Restaurants where she rose to the position of Chief Operating Officer in 2007. Nathan Owens was named District Manager in the Northeast. Owens has over 10 years of experience with various concepts most recently as Director of Operations at Kahala Brands which operates several concepts including Cold Stone Creamery. "We believe that with the addition of John Mallon and the five other seasoned and talented restaurant executives, we have significantly bolstered the leadership of Così's field operating team and better positioned ourselves to achieve our goal of turning this strong brand into a great business," said Carin Stutz, Cosi's President and Chief Executive Officer. "Further, we strongly believe that by adding this new team of professionals, we are demonstrating our ongoing commitment to improving and growing Così for the benefit of our shareholders, franchise partners, employees and guests." About Così® Così^® (http://www.getcosi.com) is a national fast-casual restaurant chain that has developed featured foods built around a secret, generations-old recipe for crackly-crust flatbread. This artisan bread is freshly baked in front of customers throughout the day in open-flame stone-hearth ovens prominently located in each of the restaurants. Così's warm and urbane atmosphere is geared towards its sophisticated, upscale, urban and suburban guests. There are currently 75 Company-owned and 51 franchise restaurants operating in sixteen states, the District of Columbia, Costa Rica and the United Arab Emirates. The Così^® vision is to become America's favorite fast casual restaurant by providing customers authentic, innovative, savory food while remaining an affordable luxury. The Così^® menu features Così^® sandwiches, freshly-tossed salads, breakfast wraps, melts, bowls, soups, Così^® Squagels^®, flatbread pizzas, S'mores, snacks and other desserts, and a wide range of coffee and coffee-based drinks and other specialty beverages. Così^® restaurants are designed to be welcoming and comfortable with an eclectic environment. Così's sights, sounds, and spaces create a tasteful, relaxed ambience that provides a fresh and new dining experience. "Così," "(Sun & Moon Design)" and related marks are registered trademarks of Così, Inc. in the U.S.A. and certain other countries. Copyright © 2013 Così, Inc. All rights reserved. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. This press release contains statements that constitute forward- looking statements under the federal securities laws. Forward-looking statements are statements about future events and expectations and not statements of historical fact. The words "believe," "may," "will," "should," "anticipate," "estimate," "expect," "intend," "objective," "seek," "plan," "strive," or similar words, or negatives of these words, identify forward- looking statements. We qualify any forward-looking statements entirely by these cautionary factors. Forward-looking statements are based on management's beliefs, assumptions and expectations of our future economic performance, taking into account the information currently available to management. Forward-looking statements involve risks and uncertainties that may cause our actual results, performance or financial condition to differ materially from the expectations of future results, performance or financial condition we express or imply in any forward-looking statements. Factors that could contribute to these differences include, but are not limited to: the cost of our principal food products and supply and delivery shortages and interruptions; labor shortages or increased labor costs; changes in demographic trends and consumer tastes and preferences, including changes resulting from concerns over nutritional or safety aspects of beef, poultry, produce, or other foods or the effects of food-borne illnesses, such as E. coli, "mad cow disease" and avian influenza or "bird flu"; competition in our markets, both in our business and in locating suitable restaurant sites; our operation and execution in new and existing markets; expansion into new markets including foreign markets; our ability to attract and retain qualified franchisees and our franchisees' ability to open restaurants on a timely basis; our ability to locate suitable restaurant sites in new and existing markets and negotiate acceptable lease terms; the rate of our internal growth and our ability to generate increased revenue from our existing restaurants; our ability to generate positive cash flow from existing and new restaurants; fluctuations in our quarterly results due to seasonality; increased government regulation and our ability to secure required government approvals and permits; our ability to create customer awareness of our restaurants in new markets; the reliability of our customer and market studies; cost effective and timely planning, design and build out of restaurants; our ability to recruit, train and retain qualified corporate and restaurant personnel and management; market saturation due to new restaurant openings; inadequate protection of our intellectual property; our ability to obtain additional capital and financing; adverse weather conditions which impact customer traffic at our restaurants; and adverse economic conditions. Further information regarding factors that could affect our results and the statements made herein are included in our filings with the Securities and Exchange Commission. Additional information is available on Così's website at http://www.getcosi.com in the investor relations section. ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Così, Inc via Thomson Reuters ONE HUG#1678423
Così, Inc : Così Names New Vice President of Operations and Strengthens Operations Team
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