NORTH Thoresby WI hold a coffee morning on Saturday November 5 at North Thoresby Village Hall from 10am to 12noon.
There will be home made preserves and baking, handmade crafts and cards, bric a brac and books.
Admission is free.
Coffee morning NORTH Thoresby WI
November 3rd, 2011Call for lotto cash figures
November 3rd, 2011
EASTWOOD MP Gloria De Piero is leading calls for information on how much money is spent on lottery tickets in every Parliamentary constituency to be released to the public.
The calls come because Ms De Piero believes some areas – including her Ashfield constituency – do not receive fair amounts of funding for local good causes compared to how much residents in those areas spend on lottery tickets.
Although information on what projects lottery money is spent on is available in the public domain, no data on how much each constituency spends on tickets has been released by National Lottery operator Camelot since 1999.
When these figures were released they showed that in some areas ‘the money spent on tickets was out of kilter with what they received back for good causes’, said the Labour MP. read more ….
Amazon opens a Kindle lending library
November 3rd, 2011Coffee Break News
BOOKSELLER Amazon has opened up its digital lending library for Kindle devices.
The service is open to the firm’s Prime account members and lets them choose from thousands of titles that Amazon has made available for free. The list includes more than just dusty old tomes, and also features New York Times bestsellers, according to the firm. read more ……
Seattle’s Best Coffee Finds Major Growth in the Office Coffee Market
November 3rd, 2011
Coffee Sales to Corporations and Institutions Represented the Fastest Growing Segment in FY11
SEATTLE–(BUSINESS WIRE)–Seattle’s Best Coffee, part of Starbucks Corporation (NASDAQ: SBUX), showed double-digit growth in the office coffee marketplace during the last year, bringing its premium coffee brand to new places, including corporate offices, commercial spaces and government buildings.
“Giving more people the opportunity to enjoy great coffee, especially in new and different locations where it traditionally has been hard to find, is the key to our brand’s continued growth and success.”
The Seattle’s Best Coffee® growth in the office coffee category is significant in that it counters the trend of the overall market. According to industry research firm Technomic, the office coffee services segment declined in volume by 2.5 percent from 2010 to 2011. During the same period, Seattle’s Best Coffee volume increased in volume more than 12 percent in the office coffee marketplace.
For Seattle’s Best Coffee, the office coffee category represents another opportunity to extend brand exposure and complement its presence beyond the 50,000 locations where a cup of Seattle’s Best Coffee can be enjoyed, including cafes, college campuses, restaurants, hotels, airlines, cruise ships and movie theatres.
“The time is right for a brand like Seattle’s Best Coffee to win in the workplace because our premium coffee is an easy and affordable way for companies to deliver an extra perk to employees,” said Chris Bruzzo, chief marketing officer of Seattle’s Best Coffee. “Giving more people the opportunity to enjoy great coffee, especially in new and different locations where it traditionally has been hard to find, is the key to our brand’s continued growth and success.”
In the office, where the choice often has been either mediocre coffee or no coffee, a premium beverage clearly represents an extra perk. A recently published consumer survey by the National Automatic Merchandising Association found that 60 percent of all employed coffee drinkers consider free coffee an employee benefit. Additional research shows that among the 55 percent of adults who drink coffee every day, 34 percent prefer a premium coffee.
Single-Cup Systems are Driving Demand
The evolution of single-cup machines has broadened the options for companies that want to serve fresh premium coffee in their locations. Seattle’s Best uses a single-cup machine called the Seattle’s Best Coffee Premium Brewer, which features the familiar Seattle’s Best Coffee brand and delivers a high quality and consistent experience that is important to maintaining premium quality.
Seattle’s Best Coffee says that its coffee is served at thousands of business and institutional locations.
About Seattle’s Best Coffee
Seattle’s Best Coffee LLC has been roasting premium coffee since 1970 and today roasts more than 20 million pounds of coffee every year and millions of cups of our coffee are served every day. A freshly-brewed cup of Seattle’s Best Coffee is currently available in more than 50,000 locations including cafes, college campuses, restaurants, hotels, airlines, cruise ships, grocery stores and movie theatres. Seattle’s Best Coffee is a featured brand within Starbucks Corporation (NASDAQ: SBUX). For more information, please visit Seattle’s Best Coffee online at www.seattlesbest.com and become a member of the coffee community at www.facebook.com/SeattlesBestCoffee or @SeattlesBest on Twitter. For information about our retail franchise opportunity, please visit www.seattlesbestfranchise.com.
Nearly 30 Million Starbucks® Coffee K-Cup® Portion Packs Hit U.S. Store Shelves This Week
November 2nd, 2011
Starbucks to Take Bigger Piece of More Than $3 Billion Dollar Single-Cup Coffee Category
SEATTLE–(BUSINESS WIRE)–The wait is over. Starbucks® coffee K-Cup® Portion Packs for the Keurig® Single-Cup Brewing system hit store shelves this week at major food, drug, mass, club, specialty, and department store retailers throughout the U.S. Starbucks Corporation (NASDAQ:SBUX) is the exclusive licensed super-premium coffee brand for the Keurig® Brewer, which is produced and sold by Green Mountain Coffee Roasters, Inc. (NASDAQ:GMCR).
“We have seen tremendous success in the premium single-cup category with Starbucks VIA® Ready Brew and look forward to expanding our portfolio in this high-growth segment by offering our customers another way to enjoy a perfect cup of coffee at home.”
“We are excited to elevate the more than $3 billion dollar single-cup coffee category with the introduction of Starbucks® coffee K-Cup® Packs,” said Jeff Hansberry, president, Channel Development for Starbucks. “We have seen tremendous success in the premium single-cup category with Starbucks VIA® Ready Brew and look forward to expanding our portfolio in this high-growth segment by offering our customers another way to enjoy a perfect cup of coffee at home.”
The premium single-cup segment is the fastest growing segment in the U.S. coffee category, according to Symphony IRI syndicated data.
“Consumer demand is through the roof for Starbucks® coffee K-Cup® Packs,” said Hansberry. “Where Starbucks VIA® Ready Brew provides customers with a great cup of Starbucks coffee on-the-go, Starbucks® coffee K-Cup® Packs give Keurig® owners the opportunity to enjoy that delicious, freshly-brewed cup of Starbucks® coffee with the simple touch of a button.”
Starbucks research and development and green coffee quality teams worked closely with Green Mountain Coffee Roasters to ensure Starbucks® coffee K-Cup® Portion Packs delivered the consistent high quality coffee experience customers have come to expect from Starbucks.
“Our 40 years of expertise in sourcing and roasting the world’s finest coffee allows us to deliver the aroma and rich flavor of Starbucks® coffee in every cup,” said Paul Camera, director, research and development for Starbucks. “We know customers love the convenience and ease of using the Keurig® Brewer and are not willing to sacrifice on quality and taste. Now they don’t have to.”
Starbucks® coffee K-Cup® Portion Packs will be available in Breakfast Blend, Pike Place® Roast*, House Blend, Sumatra, and French Roast. In addition, two selections of Tazo® tea will be available in K-Cup® Portion Packs: Tazo® Awake and Tazo® Zen. Starbucks® coffee K-Cup® Portion Packs will be available in 10-count and 16-count, and 54-count packs. Tazo® tea K-Cup® Portion Packs will be available in 10-count and 16-count. Starbucks K-Cup Packs will be available through starbucksstore.com and greenmountaincoffee.com on December 26, 2011, and at major food, drug, mass, club, specialty, and department store retailers throughout Canada beginning March 2012.
About Starbucks Corporation
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest-quality arabica coffee. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at www.starbucks.com.
Peet’s Coffee & Tea, Inc. Reports Third Quarter 2011 Results and Provides Outlook for Fiscal 2012
November 2nd, 2011
EMERYVILLE, Calif.–(BUSINESS WIRE)–Peet’s Coffee & Tea, Inc. (NASDAQ: PEET) today announced its third quarter 2011 results for the period ended October 2, 2011, which included 13 weeks.
“Our third quarter business performance was right on track with our plan for the year”
In this release, the company:
- Reports net revenue growth of 14% for the quarter
- Reports third quarter diluted earnings per share of $0.11 and non-GAAP diluted earnings per share of $0.28
- Expects 2011 full-year GAAP diluted earnings per share to be toward the higher end of the $1.27 to $1.34 range, which includes litigation-related expenses equating to $0.16 diluted earnings per share
- Confirms 2011 full-year non-GAAP diluted earnings per share expected to be toward the higher end of the previous guidance range of $1.43 to $1.50
- Provides 2012 guidance including net revenue growth of around 10% and diluted earnings per share of $1.70 to $1.80
Financial Highlights
| Third Quarter | % | Year to Date | % | |||||||||||||||||||||||||||
| 2011 | 2010 | Change | 2011 | 2010 | Change | |||||||||||||||||||||||||
| Net revenue, as reported | $ | 91,208 | $ | 80,208 | 14 | % | $ | 270,296 | $ | 242,180 | 12 | % | ||||||||||||||||||
| Net income per diluted share, as reported | $ | 0.11 | $ | 0.28 | -61 | % | $ | 0.91 | $ | 0.81 | 12 | % | ||||||||||||||||||
| Non-GAAP net income per diluted share | $ | 0.28 | $ | 0.28 | 0 | % | $ | 1.07 | $ | 0.85 | 26 | % | ||||||||||||||||||
For the 13 weeks ended October 2, 2011, net revenue increased 14% to $91.2 million from $80.2 million for the corresponding period of 2010.
Net income for the quarter was $1.5 million, or $0.11 per diluted share, compared to $3.8 million, or $0.28 per diluted share, for the corresponding period last year. Net income for the quarter includes the anticipated settlement and legal costs of a class action lawsuit ($2.2 million after tax). Excluding this item, non-GAAP diluted earnings per share would have been $0.28, equal to the third quarter of 2010.
“Our third quarter business performance was right on track with our plan for the year,” said Patrick O’Dea, CEO and president of Peet’s Coffee & Tea. “Our sales growth accelerated to 14% driven by strong grocery growth of 38%, and we weathered significantly higher coffee costs. We’re on target to finish the full year consistent with our previous non-GAAP guidance. Looking forward to 2012, we have existing plans in place to deliver strong sales and earnings growth, while continuing to invest in and explore additional growth initiatives.”
Consolidated Financial and Operating Summary
Retail net revenue increased 5% to $52.3 million for the 13 weeks ended October 2, 2011, from $49.8 million for the corresponding period last year. The increase was driven by a 7% increase in sales of beverages and pastries. The company opened one store in the quarter, ending the quarter with 194 stores versus 193 stores at the end of the third quarter 2010.
Specialty net revenue increased 28% to $38.9 million compared to $30.4 million for the corresponding period last year. Within the specialty business, grocery sales grew 38%, the foodservice and office business was up 18%, and home delivery sales were up 3% compared to the same period last year.
Cost of sales and related occupancy costs increased as a percentage of net revenue to 51.6%, compared to 47.5% for the corresponding period last year. The increase resulted primarily from higher coffee costs and to a lesser extent higher milk costs and a mix shift towards the specialty business, which has a higher cost of sales. Price increases across the channels and lower shipping expenses partially offset the impact of these higher costs.
Operating expenses decreased as a percentage of net revenue to 31.3%, compared to 33.1% for the corresponding period last year. The decrease was due primarily to a favorable mix shift to the specialty business, the impact of price increases across all channels, leveraging of overhead costs, and continued effective cost management in retail stores.
Litigation related expenses of $3.2 million include all costs incurred related to the pending settlement of a class action lawsuit that was filed in February 2010 against the company.
General and administrative expenses as a percentage of net revenue were 6.9%, compared to 7.2% for the corresponding period last year. General and administrative expenses increased to $6.3 million from $5.8 million for the corresponding period last year, primarily due to higher marketing spend.
Depreciation and amortization expenses as a percentage of net revenue decreased to 4.2%, compared to 4.9% for the corresponding period last year. Depreciation and amortization expenses were $3.9 million, consistent with last year.
The company ended the quarter with cash and cash equivalents plus investments of $12 million, compared to $49 million at year end 2010.
Fiscal 2011 Full-Year Outlook
The company provided the following full-year guidance for 2011:
- Confirms full-year net revenue growth expected to be in the 10% to 12% range
- Expects full-year GAAP diluted earnings per share to be toward the higher end of the $1.27 to $1.34 range. This guidance includes the anticipated settlement and legal costs of a class action lawsuit equating to $0.16 diluted earnings per share
- Confirms full-year non-GAAP diluted earnings per share expected to be toward the higher end of the previous guidance range of $1.43 to $1.50
Fiscal 2012 Outlook
Looking ahead, Peet’s provided the following fiscal 2012 guidance:
- Total net revenue growth of around 10%
- Diluted earnings per share in the range of $1.70 to $1.80
Peet’s Coffee & Tea, Inc. Q3 2011 Conference Call
Peet’s will discuss its third quarter 2011 earnings via conference call today, November 1, 2011. The teleconference call will begin at 2:00 p.m. PT/5:00 p.m. ET and can be accessed by calling 1-866-748-8653. The call will be simultaneously webcast on Peet’s website at www.peets.com.
Sobieski Vodka Introduces Espresso, Cynamon and Bizon Grass Flavours
November 2nd, 2011
One of the Fastest Growing Vodka Brands in the U.S. Launches Three New Flavors into its Growing Portfolio
PALM BEACH GARDENS, Fla.–(BUSINESS WIRE)–Sobieski Vodka, the undisputed No. 1 selling premium vodka in Poland and one of the fastest-growing vodka brands in the United States, today introduced three new exciting flavors – Espresso, Cynamon and Bizon Grass – into its growing portfolio of spirits. Imported and marketed by Imperial Brands, Sobieski will be adding these new flavors to its already impressive and successful product line-up including Orange, Karamel, Raspberry, Cytron and Vanilia.
“Cynamon and Espresso are two universally popular flavors that we anticipate will be very hot for the holidays. Bizon Grass is a very unique flavor that is popular in Sobieski’s birthplace of Poland, and we are excited to add it to the Sobieski collection and introduce it to America.”
Sobieski Espresso, Cynamon and Bizon Grass are naturally-flavored, made with the finest Dankowski Rye, and are all imported from Poland, the birthplace of vodka. Sobieski Espresso contains an aroma of freshly roasted coffee beans that invigorate with a sweet, creamy finish. Sobieski Cynamon is spicy and bold and evokes a nostalgic feeling with a crisp, pepper taste and warm, round finish. These two bold flavors will make great additions to holiday cocktails, infused with the sweet taste of cinnamon and the natural coffee flavor of espresso. Bizon Grass will be available in limited supply nationwide and is a unique herb-flavored vodka based on the exotic spirit from Poland that is now making a return to the U.S. retail market.
“With the great success of our other flavors – Orange, Karamel, Raspberry, Cytron and Vanilia, we expect very positive results from the launch of these three new entries,” said Timo Sutinen, vice president of marketing and business development, Imperial Brands, Inc. “Cynamon and Espresso are two universally popular flavors that we anticipate will be very hot for the holidays. Bizon Grass is a very unique flavor that is popular in Sobieski’s birthplace of Poland, and we are excited to add it to the Sobieski collection and introduce it to America.”
Sobieski Espresso, Cynamon and Bizon Grass are available nationwide at the suggested retail price of $10.99 for 750mL.
ABOUT SOBIESKI VODKA
Sobieski Vodka, the No. 1 premium vodka in Poland and one of the world’s bestselling and fastest growing vodka brands, makes no compromises on quality and exemplifies the height of Polish craftsmanship and authenticity. Building on a noble heritage, Sobieski Vodka is produced exclusively from the revered Dankowski rye at the Starogard Gdanski distillery dating back to 1846.
In Summer 2007, Sobieski Vodka launched its “Truth in Vodka” campaign in the U.S., declaring that consumers don’t have to pay a king’s ransom to get superb vodka. Sobieski’s back-to-basics approach to marketing, which focuses on what goes in the bottle – tradition, heritage, authenticity, and taste – is in marked contrast to competitors who rely on lavish packaging and gimmicky ad campaigns that have resulted in a deluge of overpriced vodkas.
For more information and brand news, please visit www.truthinvodka.com, follow us www.twitter.com/Sobieski_Vodka, or become a fan www.Facebook.com/SobieskiVodka.
Jobs for USA Program Launches in U.S. Starbucks Stores and Online
November 2nd, 2011
SEATTLE–(BUSINESS WIRE)–Starting today, Starbucks Coffee Company (NASDAQ: SBUX) with the Opportunity Finance Network® (OFN) is accepting donations for the Create Jobs for USA Fund online at www.CreateJobsforUSA.org and in every U.S. company-operated store. Donations to the Fund, which has been seeded with a $5 million contribution from the Starbucks Foundation, will help create and sustain jobs in underserved communities throughout the U.S.
“We hope this is a galvanizing moment as Americans come together to be catalysts for change by giving community businesses access to the credit they need to hire, to grow and to contribute to creating thriving communities.”
“The Create Jobs for USA program and Indivisible wristbands provide Americans an opportunity to help support job creation at a time when we have alarming unemployment and many struggling small businesses. The more we stimulate demand and increase the purchasing power of middle class consumers, the faster we will recover. By making a donation to the Create Jobs for USA Fund, Starbucks customers and concerned citizens can take meaningful action to help create and sustain American jobs,” said Starbucks chairman and ceo Howard Schultz. “We hope this is a galvanizing moment as Americans come together to be catalysts for change by giving community businesses access to the credit they need to hire, to grow and to contribute to creating thriving communities.”
As announced on October 3, Create Jobs for USA pools donations from Starbucks customers, partners (employees) and concerned citizens into a nationwide fund, held and managed by OFN, for community business lending. Donors who contribute $5 or more will receive a red, white, and blue wristband with the message “Indivisible.” The wristbands are individually handmade in the U.S.A. and all component materials are manufactured by U.S. suppliers, so the effort is also helping support American manufacturing jobs.
The wristband is designed to serve as a symbol of Americans uniting to help create jobs. One hundred percent of donations go to OFN to help fund loans to community businesses nationwide that are committed to creating and sustaining jobs—including small businesses, microenterprises, nonprofit organizations, commercial real estate ventures, and affordable housing projects.
OFN president and ceo Mark Pinsky said, “Create Jobs for USA is primed and ready to start lending right now. This peer-to-peer job creation initiative is a simple, high-impact solution to put America back to work. Opportunity Finance Network has already made grants to Community Development Financial Institutions using the initial $5 million contribution from the Starbucks Foundation. They are working on loans as we speak.”
OFN represents a nationwide network of 180 Community Development Financial Institutions (CDFIs) that provide financing to community businesses in underserved markets where accessing credit through traditional lending institutions is challenging or not available. Currently, 28 CDFIs are approved to receive grants and this number will continue to grow. The CDFIs expect to start making loans to small business owners by December. The approved CDFIs are a mix of national and regional organizations that serve borrowers across the U.S., in urban and rural communities from California to New York and from South Dakota to Florida.
Every $5 donated will result in $35 in loans to community businesses. On average, CDFIs will match $30 of money from other sources with every $5 donation. Based on conservative forecasting models developed by OFN with input from independent economists, one new job will be created or retained for approximately every $21,000 in loans – or approximately every $3,000 in donations. Since CDFIs in the OFN network have an average 98 percent loan repayment rate, virtually every $1 donated will be re-loaned, compounding the job-creation impact. Small business owners interested in learning more or applying for a loan should visit www.opportunityfinance.net/findacdfi.
About Starbucks Coffee Company
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest-quality Arabica coffee in the world. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at www.starbucks.com.
About Opportunity Finance Network
Opportunity Finance Network (OFN) is the national network of Community Development Financial Institutions (CDFIs)—private financial institutions that are 100 percent dedicated to delivering responsible, affordable lending to help low-income, low-wealth, and other disadvantaged people and communities join the economic mainstream. CDFIs in the OFN network serve all 50 states, and OFN Member CDFIs originated more than $23.2 billion in financing in urban, rural, and Native communities through 2009. More information is available at: www.opportunityfinance.net
Coffee & Power Creates Marketplace for Small, Fun Jobs
November 2nd, 2011
SAN FRANCISCO–(BUSINESS WIRE)–Started by Philip Rosedale, the founder of Second Life, San Francisco-based Coffee & Power today launched its website, iPhone app, and first co-working space on Market Street. An online marketplace where people can buy and sell small jobs, Coffee & Power enables a new breed of mobile workers to connect in a way that’s fast, low-friction, and fun. Coffee & Power’s innovative marketplace includes its own virtual currency and payment system, live communications and public chat, a game-like rating and review system, and a real-world facility where users can meet and work together.
“Coffee & Power is the perfect mix of personal and professional– far better than just posting an ad or a resume because people get a snapshot of who I am and what I do without having to dredge through a lot of information.”
“What can you do for someone else, right now? There are so many amazing and useful things that we could all do for each other if we just had a way to quickly find, explain, and pay for them,” says Philip Rosedale, co-founder of Coffee & Power and former chief executive officer of Second Life. “The remarkable range of jobs and services in Second Life was the inspiration to create Coffee & Power – we wanted to bring the same thing to the real world. Work is really about directly providing value to others, not where or when you do it. Coffee & Power provides a shared space, both virtual and physical, where people can meet and do small, interesting jobs for each other.”
Coffee & Power’s listings, called “missions,” range from software development services to hula-hoop lessons and custom artwork. The Coffee & Power marketplace successfully matches buyers and sellers through live communication, rich profiles and reputations, connections to social networks, and searchable transaction histories. Coffee & Power’s virtual currency further drives trade among its users. Using their own skills to build their account balance, people can spend the money they earn on services from others.
As a way of easily trying out the service, new users can also give free missions – or gifts – to friends from their social networks. “Giftable” missions range from the useful to the whimsical, enabling users to give a friend anything from an expert copywriter’s review of their resume to a Tarot card reading.
Coffee & Power’s adoption is increasing at a rapid rate. Beta Coffee & Power users have exchanged over $10,000 in hundreds of missions ranging from graphic design to language lessons and custom Halloween costumes. A broad mix of services and people are available on the site at any time.
Coffee & Power’s Key Differentiators:
- Seller-Driven Marketplace: Like a farmer’s market, Coffee & Power aggregates interesting sellers of a variety of small services in one place, creating a compelling shopping experience for buyers browsing services.
- Community and Live Communication: A live chat space is available to sellers and buyers, so they can help each other, share feedback, and develop trust.
- Trust through Transparency: Buyers and sellers establish a persistent identity through fully transparent transaction histories, helping buyers and sellers vet one another and establish credibility.
- Virtual Currency: Coffee & Power users build account balances either through credit purchases, or through their own earnings from missions. Sellers can spend their virtual currency by buying services from others, or optionally turn it back into dollars.
- Physical Hubs: In addition to the launch of the site, Coffee & Power has opened its first co-working space in San Francisco where users can meet in a safe public area to work together. The inviting cafe-style space at 1825 Market Street offers free coffee, power, and great Wi-Fi. Coffee & Power will open additional spaces in other locations as the service expands.
Coffee & Power in Use
Coffee & Power’s workers are helping each other across a broad spectrum encompassing online research, expert advice, copywriting, and even burrito deliveries. Many use it as a new channel to meet new people and pick up extra work. User ‘Keiko’ comments, “Coffee & Power allows me to offer my services and hire talent for small-dollar projects that just need to get done. It’s fast, easy, and fun.” Another Coffee & Power user, ‘BlakePanic’, adds, “What I find most exciting about using Coffee & Power is the uniqueness of every mission. I’ve done a lot of food deliveries on bike, so each mission has allowed me to visit new food spots in the city and deliver to new people. It is a blast!”
Success breeds more success on Coffee & Power, a consequence of its design emphasis on profiles and transaction transparency. User ‘CynthPop’, who sells copywriting services on the site, comments: “Coffee & Power is the perfect mix of personal and professional– far better than just posting an ad or a resume because people get a snapshot of who I am and what I do without having to dredge through a lot of information.”
Buyers in need of specific services have found Coffee & Power to be a uniquely effective channel, for both typically professional and off-the-beaten-path services alike. According to Rosedale, “For everyone who has received a quick language tutorial or MYSQL primer via Coffee & Power, we’ve had some delightfully different missions happen. One user got help in sprucing up his online dating site profile. Another ran a mission for some online research she needed on New York dance clubs for an upcoming bachelorette party. Every day we see remarkable and unexpected transactions happen on Coffee & Power.”
About Coffee & Power
Coffee & Power, a San Francisco-based technology company, has developed an online marketplace where people can buy and sell small jobs. Coffee & Power includes its own currency and settlement system, live communication, a rating and review system, physical co-working spaces to facilitate commerce, game mechanics, and connections to social networks. The company’s technology was also developed using its own platform, found at http://www.worklist.net, enabling software developers around the world to contribute and receive payment for small chunks of code. The three founders, Philip Rosedale, Ryan Downe and Fred Heiberger, bring together skills in virtual worlds, software development and entertainment.
Greenberg Traurig Takes Top Spot in Florida on mergermarket Legal Adviser Third-Quarter League Table
November 2nd, 2011
MIAMI–(BUSINESS WIRE)–The international law firm Greenberg Traurig LLP once again ranks among the world’s top mergers and acquisitions legal advisers, according to league table reports published by Bloomberg, mergermarket and Thomson Reuters.
In Florida, the firm took the top spot on the mergermarket United States M&A Roundup Q1-Q3 2011, jumping from No. 3 for the same time period last year. Greenberg Traurig’s No. 1 ranking is based on a deal count of 14 deals worth $3.85 billion, and excluded several confidential deals that would have increased the total, according to the firm. Among the higher profile deals listed in mergermarket’s
Top Announced Deals, Greenberg Traurig represented:
- Terremark Worldwide in its $1.4 billion sale to Verizon Communications;
- APR Energy Cayman Limited and its management shareholders in the sale of APR to Horizon Acquisition Company plc., together with the firm’s London office, Greenberg Traurig Maher LLP;
- Metropolitan Health Networks, Inc., a physician services company, in its estimated $416 million acquisition of Continucare Corporation; and
- Rowland Coffee Roasters, Inc., a privately held company based in Miami, in the $360 million sale of its coffee brands and business operations to The J.M. Smucker Company.
Comprised of more than 350 lawyers in more than 30 offices, Greenberg Traurig’s Corporate and Securities/M&A Practice provides advice and services to companies and entrepreneurs throughout the Americas, Europe and Asia. Greenberg Traurig’s practice groups and attorneys have been recognized as No. 1 in their respective geographic regions by The National Law Journal, Chambers & Partners, Corporate Board Member magazine, Latin Lawyer magazine and numerous regional and local professional publications.
ABOUT GREENBERG TRAURIG
Greenberg Traurig, LLP is an international, full-service law firm with approximately 1800 attorneys serving clients from more than 30 offices in the United States, Latin America, Europe and Asia. In the U.S., the firm has more offices than any other among the Top 10 on The National Law Journal’s 2011 NLJ 250. In Mexico, the firm operates as Greenberg Traurig, S.C., and in the U.K., as Greenberg Traurig Maher LLP. Greenberg Traurig has a strategic alliance with the independent law firm, Studio Santa Maria with offices in Milan and Rome. The firm was Chambers and Partners’ USA Law Firm of the Year in 2007 and among the Top 3 in the International Law Firm of the Year at the 2009 The Lawyer Awards. For additional information, please visit www.gtlaw.com.
