|
|
Article: Peabodys Coffee Announces That Beantrees Merger Will Not Be Completed.
- Article from:
- Business Wire
- Article date:
- December 6, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors/Food & Environmental Writers
ROCKLIN, Calif.--(BUSINESS WIRE)--Dec. 6, 2001
Peabodys Coffee Inc. (OTCBB:PBDY) announced today that the merger with Beantrees Inc. will not be completed. Peabodys is reserving all legal rights with respect to the matter.
Cliff Young, President and CEO of Peabodys Coffee, commented, "Although this merger will not be completed, our core business remains strong and we are committed to the organic coffee market." The Company reports that its core business continues to show strong growth. Sales for the month of October 2001 showed a 31 percent increase to $321,000, as compared to October 2000. For the ...