Agreement Brings Keurig Simplicity and Fresh Brewed Beverages on Demand
to World's Largest Restaurant Chain
WATERBURY, Vt. & MILFORD, Conn.--(BUSINESS WIRE)--
Keurig Green Mountain, Inc. (Keurig) (NASDAQ: GMCR), a leader in
specialty coffee, coffee makers, teas and other beverages with its
innovative brewing technology, and the SUBWAY® restaurant
chain today announce a partnership to bring Keurig's single serve
brewers to thousands of the restaurant brand's North American locations.
Keurig(R) K150 Commercial Brewing System (Photo: Business Wire)
The Keurig K150 brewer expands the restaurants' hot beverage options,
providing freshly brewed coffee on demand. Currently, more than half of
the SUBWAY® restaurants in the United States and Canada have
adopted a Keurig® system.
"Keurig® brewers offer quality and convenience, which are key
advantages as SUBWAY restaurants look to provide customers with a
consistently high-quality cup of coffee brewed fresh no matter the time
of day - not just at breakfast," says John Whoriskey, President, U.S.
Sales and Marketing of Keurig. "Keurig® brewers help SUBWAY
franchisees simplify operations by eliminating the need for separate
brewing of regular, decaffeinated and flavored coffee, reducing waste
and clean-up of unconsumed coffee."
"Since introducing Keurig® brewers as an option to our
franchisees last year, we've heard overwhelmingly positive feedback
about Keurig's ability to delivery variety, quality and freshness on
demand," says David Zambory, the beverage manager for the SUBWAY®
restaurant chain. "SUBWAY restaurants are a destination throughout the
day, including at breakfast, and we look forward to providing our
customers with the freshest cup of coffee possible no matter when they
The Keurig® K150 Series Commercial Brewing System is the
first small to medium capacity Keurig® brewer to be certified
by the National Sanitation Foundation (NSF) for foodservice use, marking
Keurig's continued commitment to expanding availability of Keurig®
"Until now, innovation in brewed beverages for quick serve restaurants
has been focused on high volume applications and longer brewed coffee
holding times," says Whoriskey. "This has left the majority of
operators, who want to serve delicious brewed beverages, far behind.
Keurig is changing the way SUBWAY restaurants are thinking about brewed
beverages by delivering a fresh brewed, delicious beverage at all times
during the day to consumers who recognize Keurig as a symbol of quality."
About Keurig Green Mountain, Inc.
As a leader in
specialty coffee, coffee makers, teas and other beverages, Keurig Green
Mountain (Keurig) (NASDAQ: GMCR), is recognized for its award-winning
beverages, innovative Keurig® brewing technology,
and socially responsible business practices. The Company has inspired
consumer passion for its products by revolutionizing beverage
preparation at home and in the workplace. Keurig supports local and
global communities by investing in sustainably-grown coffee and by its
active involvement in a variety of social and environmental projects. By
helping consumers drink for themselves, we believe we can brew a better
world. For more information visit: www.KeurigGreenMountain.com.
To purchase Keurig® products visit: www.Keurig.com or www.Keurig.ca.
Keurig routinely posts information that may be of importance to
investors in the Investor Relations section of its website, www.KeurigGreenMountain.com,
including news releases and its complete financial statements, as filed
with the SEC. The Company encourages investors to consult this section
of its website regularly for important information and news.
Additionally, by subscribing to the Company's automatic
email news release delivery, individuals can receive news directly
from Keurig as it is released.
About SUBWAY® Restaurants
in Milford, Connecticut, SUBWAY® Restaurants is the world's
largest restaurant chain with more than 42,000 locations in 106
countries. Co-founded by Fred DeLuca and Dr. Peter Buck in 1965, their
partnership marked the beginning of a remarkable journey and paved the
way for thousands of entrepreneurs to build and succeed in operating
their own business. Long-time leaders in offering consumers nutritional
options on-the-go, the brand became the first quick service restaurant
in 2012 to meet the American Heart Association's Heart-Check Meal
Certification Program nutritional criteria. For more information, visit http://www.subway.com,
like us on Facebook.com/subway and follow us on twitter.com/subway.
SUBWAY® is a registered trademark of Doctor's Associates Inc.
Keurig Green Mountain Forward-Looking Statements
information in this filing constitutes "forward-looking statements."
Forward-looking statements can be identified by the fact that they do
not relate strictly to historical or current facts. They often include
words such as "believes," "expects," "anticipates," "estimates,"
"intends," "plans," "seeks" or words of similar meaning, or future or
conditional verbs, such as "will," "should," "could," "may," "aims,"
"intends," or "projects." However, the absence of these words or similar
expressions does not mean that a statement is not forward-looking. These
statements may relate to: the expected impact of raw material costs and
our pricing actions on our results of operations and gross margins,
expected trends in net sales and earnings performance and other
financial measures, the expected productivity and working capital
improvements, the success of introducing and producing new product
offerings, the impact of foreign exchange fluctuations, the adequacy of
internally generated funds and existing sources of liquidity, such as
the availability of bank financing, the expected results of operations
of businesses acquired by us, our ability to issue debt or additional
equity securities, our expectations regarding purchasing shares of our
common stock under the existing authorizations, projections of payment
of dividends, the impact of the inquiry initiated by the SEC and any
related litigation or additional governmental inquiry or enforcement
proceedings, and the impact of any pending or future antitrust
litigation. A forward-looking statement is neither a prediction nor a
guarantee of future events or circumstances, and those future events or
circumstances may not occur. Management believes that these
forward-looking statements are reasonable as and when made. However,
caution should be taken not to place undue reliance on any such
forward-looking statements because such statements speak only as of the
date when made. We expressly disclaim any obligation to update or revise
any forward-looking statements, whether as a result of new information,
future events or otherwise. In addition, forward-looking statements are
subject to certain risks and uncertainties that could cause actual
results to differ materially from our Company's historical experience
and our present expectations or projections. These risks and
uncertainties include, but are not limited to, those described in Part
I, "Item 1A. Risk Factors," and Part II "Item 7. Management's Discussion
and Analysis of Financial Condition and Results of Operations" in our
fiscal 2013 Annual Report filed on Form 10-K, as amended, and elsewhere
in this report and those described from time to time in our future
reports filed with the Securities and Exchange Commission.
Actual results could differ materially from those projected in the
forward-looking statements. We expressly disclaim any obligation to
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140610006517/en/
Keurig Green Mountain, Inc.
Public Relations Manager
- Franchise World Headquarters
Kevin Kane, 203-877-4281 ext. 1329
Keurig Green Mountain, Inc.
Corporate Communications Manager
Source: Keurig Green Mountain, Inc.
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