Coffee Time's Parent Has Purchased Robin's Donuts, 241 Pizza, Mrs. Powell's Cinnamon Buns

Sunday, October 15, 2006

Coffee Time's parent company Chairman's Brand Corporation is pleased to announce its purchase of the assets of Afton Food Group, bringing 128 units of Robin's Donuts, 85 units of 241 Pizza and 11 units of Mrs. Powell's Cinnamon Buns into the fold, alongside over 300 Coffee Time locations. "As a result of this acquisition, Chairman's Brand Corporation is now position to double its size in Canada from coast to coast to coast," says company founder Tom Michalopoulos, who started the business from one shop in Bolton, Ontario 24 years ago. "Our proven expertise in franchising will be applied to all of our brands both domestically and internationally." "With a combined unit presence of over 525 locations from Nova Scotia to British Columbia, Coffee Time, Robin's Donuts, 241 Pizza, and Mrs. Powell's are all poised for synergistic growth in the Canadian market and a broad," adds Executive Vice President, Dan Lepidas. "Coffee Time's commitment to growth and development will create opportunities for dynamic people to share in our future. We hope to give existing and new franchisees an opportunity to develop their own cafes or pizzerias." About Chairman's Brand Corporation Chairman's Brand Corporation is based in Toronto, Ontario, Canada and is one of Canada's largest coffee retailers. From a humble beginning in 1982 it has grown and now offers its great coffees under the Coffee Time, Robin's Donuts, and Mrs. Powell's Brands in every Canadian province as well as in Greece, Poland, China, Qatar and Saudi Arabia. Coffee Time, Robin's Donuts, and Mrs. Powell's product offerings are fast, affordable and great tasting. Coffee Time, Robin's Donuts, and Mrs. Powell's heritage is and continues to be a great cup of coffee. Our product offering has grown from much more than great coffee to include great tasting food choices such as fresh made donuts, muffin's cinnamon buns, sandwiches, soups and salads at breakfast, lunch, dinner, or anytime. Our focus is on high quality, fresh products, with great taste and value served with a great cup of coffee. 241 Pizza is a leader in pizza delivery. Its pizzerias serve Canadians in Ontario, Manitoba and Saskatchewan with great tasting pizza delivered hot and fresh to their homes or picked up from a convenient location. Contact: Dan Lepidas Executive Vice President

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Coffee Time Donuts
77 Progress Avenue
Toronto, ON

Phone: 416-288-8515, ext. 240
Fax: (416) 288-8895

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