News ReleaseCOCA-COLA
NORTH AMERICA AND CARIBOU COFFEE LAUNCH NEW PREMIUM READY-TO-DRINK ICED COFFEE
IN U.S. ATLANTA, August 22, 2007 - Coca-Cola
North America (CCNA) and Caribou Coffee announced today a national launch of a
new line of premium ready-to-drink iced coffees beginning this month in Midwest
and Southeast cities. Caribou Coffee is the second-largest specialty coffee
company in the United States, with 480 coffeehouses, including 39 licensed locations.
Caribou Coffee's coffeehouses are located in 18 states and the District of Columbia,
as well as in several venues outside the United States. "The new beverage
will expand the reach of the Caribou Coffee tradition and bring the simple, everyday
values of the Caribou coffeehouse experience to a broader national audience,"
said Michael Coles, Caribou Coffee Chairman and CEO. "Our partnership with
Coca-Cola North America will extend our great premium coffee taste
experience into the ready-to-drink category and allow us to take advantage of
the world-class Coca-Cola distribution system." "While
we plan to extend the Caribou Coffee brand, we are committed to maintaining the
core brand idea which has made Caribou Coffee a hit with consumers -- great tasting
coffee without pretension," said Brian Kelley, CCNA President and General
Manager, Still Beverages. Caribou Iced Coffee will be available in three
delicious flavors: Regular, Espresso, and Vanilla, and will be packaged in a unique
12 oz. reclosable Alumi-Tek aluminum bottle from Ball Corporation. The suggested
retail price will be at parity with the category in leading convenience stores
and other retail outlets initially in Minneapolis, Chicago, Atlanta, Cincinnati,
Columbus, Detroit and Kansas City, and will be available in Caribou Coffee retail
outlets in coming months. The Caribou Iced Coffee launch will be supported
with sampling, in-store merchandising and print and radio marketing. About
Caribou Coffee Caribou Coffee Company Inc. (NASDAQ: CBOU), founded in
1992 and headquartered in Minneapolis, Minnesota, is the second largest, company-owned,
gourmet coffeehouse operator in the United States based on the number of coffeehouses.
Caribou Coffee operates 480 coffeehouses, including 39 licensed locations. Caribou
Coffee's coffeehouses are located in 18 states and the District of Columbia, as
well as in several venues outside the United States. Caribou Coffee offers its
customers high-quality, gourmet coffee and espresso-based beverages, as well as
specialty teas, baked goods, whole bean coffee, branded merchandise and related
products. In addition, Caribou Coffee sells products to club stores, grocery stores,
mass merchandisers, office coffee providers, airlines, hotels, sports and entertainment
venues, college campuses and other commercial customers. In addition, Caribou
Coffee licenses third parties to use the Caribou Coffee brand on quality food
and merchandise items. Caribou Coffee focuses on creating a unique experience
for customers through a combination of high-quality products, a comfortable and
welcoming coffeehouse environment and customer service. For more information,
visit the Caribou Coffee Web site at www.cariboucoffee.com. About
Coca-Cola North America Coca-Cola North America
is a unit of The Coca-Cola Company, the world's largest beverage
company. Along with Coca-Cola®, recognized as the world's most
valuable brand, the Company markets four of the world's top five nonalcoholic
sparkling beverage brands, including Diet Coke®, Fanta® and Sprite®,
and a wide range of other beverages, including diet and light beverages, waters,
juices and juice drinks, teas, coffees, energy and sports drinks. Through the
world's largest beverage distribution system, consumers in more than 200 countries
enjoy the Company's beverages at a rate exceeding 1.4 billion servings each day.
For more information about The Coca-Cola Company, please visit our
website at www.thecoca-colacompany.com. To
download product photos or for more information visit: www.newproducts.coca-cola.com. #
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