SPoT Coffee Announces Acquisition of Collins Barrow by RSM

TORONTO, Dec. 12, 2017 /CNW/ - SPOT COFFEE (CANADA) LTD. (TSX-V: SPP) ("SPoT" or the "Company") is pleased to report that RSM International Ltd. ("RSM"), the accounting industry's sixth largest firm and a global provider of audit, tax and consulting services, has purchased Collins Barrow LLP, SPoT's new auditor. Accordingly, the Company's auditor is now RSM Canada (www.rsmcanada.com).

"Our Company and its shareholders are very pleased with this news," said Anton Ayoub, President and CEO of SPoT Coffee. "We are confident that SPoT's franchise operations will benefit from the expanded consulting services of RSM and the resources of 41,000 professional people in more than 120 countries around the world."

This news release is an important follow-up to the Company's recently announced decision to retain Collins Barrow LLP as its new auditor in a press release disseminated on November 27 of this year. SPoT continues to focus on upgrading its operational infrastructure and streamlining its financial reporting and general accounting procedures in order to keep up with its growth and to best serve its developing franchise program in the short as well as the long term.

About SPoT Coffee

SPoT Coffee trades on the TSX Venture Exchange under the symbol SPP. SPoT designs, builds, operates and franchises community oriented cafés and express cafés in New York State. SPoT's community cafés provide its customers with the highest quality service, signature made-to-order meals and award-winning micro-roasted coffee. Each SPoT café is distinctively designed to suit its local neighbourhood, creating a warm and friendly gathering place for the community. SPoT's commercial business focuses on the sale of roasted coffee beans to food service and grocery chains, business offices and third party resellers such as universities and hospitals.

Forward Looking Statements

Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. In particular, forward-looking information in this press release includes, but is not limited to, the potential use of proceeds of the financing that is the subject of this release.  Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Except as required by applicable securities laws, the Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.

SOURCE Spot Coffee (Canada) Ltd.