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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cobalt Blue Holdings Limited | TG:COH | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0444 | 0.0421 | 0.0466 | 0.00 | 06:33:33 |
RNS Number:4578U Coffeeheaven International PLC 21 January 2004 coffeeheaven international plc ("coffeeheaven international" or "the Company") Trading and New Site Update coffeeheaven international, the AIM-listed speciality coffee/sandwich bar business based in central Europe, is pleased to announce that it has been successful in contracting a key 'airside' site at Warsaw's International Airport 'Fryderyk Chopin' ('WIA'). WIA is Poland's principal commercial airport and an important regional hub for central Europe. In the opinion of the Board, this new coffeeheaven unit (when opened) will be the first contemporary coffee bar concept at WIA. The site, which is expected to open at the end of February 2004, was secured through a tender in which a number of national and international parties participated. The Company is delighted that the P.P.L. (Polish Airports State Enterprise) selected coffeeheaven for this flagship airport location. The Board considers it an important further endorsement of coffeeheaven's leadership position in Poland's coffee bar market. The Company has also concluded the acquisition of a single coffee bar unit from a minor competitor. This secures an important strategic location for the Company in Poland's second city of Krakow, which is also the country's leading tourist destination. The new unit will open under the coffeeheaven brand name in February 2004. In the Company's Interim Statement dated 18 November 2003 caution was expressed on the rate of new site openings in the current financial year. However, the above, together with 18 stores currently trading and a number of other positive developments in respect of new locations, means that the Company is now able to express confidence of reaching its target of 22 trading units in Poland by end of the current financial year to 31 March 2004. Trading in the third quarter to 31 December 2003 has been buoyant and like- for- like sales increased a robust 15%, whilst total sales for the quarter grew 45%. In addition, the margin improvements flagged in the Interim Statement are also coming through. For further information, please see the Company's website, www.coffeeheaven.eu.com or contact: Richard Worthington, Tel: +48 606818850 or +44 7973 442331 Chairman and Chief Executive E-mail: richworth@aol.com Sandra Hewett, shmr Tel: 020 7689 3116 E-mail: sandra@shmr.co.uk Jeremy Porter, Seymour Pierce Ltd Tel: 020 7648 8700 This information is provided by RNS The company news service from the London Stock Exchange END TSTILFLTLVIIFIS
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