MISSISSAUGA, ON, Oct. 24 /CNW/ - SECOND CUP ROYALTY INCOME FUND (the "Fund") (SCU.UN) announced that Stephen Devito resigned from his position as Chief Financial Officer of the Fund, Secretary and Chief Financial Officer of Second Cup GP Inc. ("GP Inc."), and Chief Financial Officer of The Second Cup Ltd. ("Second Cup"). Mr. Devito will remain with the Fund, GP Inc. and Second Cup until November 7, 2008. The Fund is pleased to announce that, effective October 24, 2008, James Anas, Executive Vice Chairman of The Second Cup Coffee Company Inc. and Director of GP Inc., has been appointed as the interim Chief Financial Officer of the Fund and Second Cup, and Secretary and Chief Financial Officer of GP Inc.
"During his tenure with us, Stephen put his strong skills to great use and accomplished much with Second Cup," commented Gabriel Tsampalieros, Chairman and Chief Executive Officer of Second Cup, "I would like to thank Stephen for his many contributions to Second Cup, its colleagues and franchise partners, and wish him all the best in his future endeavours."
The Fund is an open-ended trust established under the laws of the Province of Ontario. It holds, through an indirect wholly-owned limited partnership, the Canadian trade-marks and other intellectual property and associated rights used by Second Cup in connection with the operation of Second Cup cafes in Canada. For more information on the Second Cup Royalty Income Fund please visit www.secondcupincomefund.com.
Second Cup is Canada's largest specialty coffee cafe franchisor and second largest retailer of specialty coffee, as measured by number of cafes. For further information on Second Cup, please visit www.secondcup.com.
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