IRVINE, Calif., Jan. 3 /PRNewswire-FirstCall/ -- Diedrich Coffee, Inc.
(Nasdaq: DDRX) announced today that Sean M. McCarthy has been appointed to
serve as the new Chief Financial Officer of the Company following the planned
retirement of Martin A. Lynch on January 1, 2006.
"On behalf of the Board of Directors, I would like to take this
opportunity to thank Marty for his leadership over the past two and a half
years," commented Paul C. Heeschen, Chairman of the Board of Directors.
"During his term, Marty guided us through a number of challenging issues. At
the same time, I am pleased to announce the appointment of Sean McCarthy as
our new Chief Financial Officer. Sean was hired by Marty as the company's
Controller in April 2004 and has served under Marty's leadership since that
time. Sean's experience working alongside Marty should ensure a smooth
transition and I believe Sean will prove to be an extraordinary asset to Steve
Coffey in facilitating the growth of our company."
Prior to becoming Vice President, Controller of Diedrich Coffee, Mr.
McCarthy served as Director, Finance for FRD Acquisition Company, Inc. (d/b/a
Coco's & Carrows Restaurants), a subsidiary of Advantica Restaurants Group,
Inc., a publicly traded foodservice company. Mr. McCarthy also previously
served in various accounting and financial capacities for Taco Bell, Inc. and
El Torito Restaurants, Inc. Mr. McCarthy earned a B.S. degree in business
management from Pepperdine University and a Master's degree in business
administration from the University of Southern California.
About Diedrich Coffee
With headquarters in Irvine, California, Diedrich Coffee specializes in
sourcing, roasting and selling the world's highest quality coffees. The
Company's three brands are Gloria Jean's Coffees, Diedrich Coffee and Coffee
People. The Company's 206 domestic retail outlets, the majority of which are
franchised, are located in 33 states. Diedrich Coffee also sells its coffees
through more than 460 wholesale accounts including office coffee service
distributors, restaurants and specialty retailers, via mail order and the
Internet. For more information about Diedrich Coffee, call 800-354-5282, or
visit the Company's Web sites at www.diedrich.com, www.gloriajeans.com and
www.coffeepeople.com.
Forward-Looking Statements
Statements in this news release that relate to future plans, financial
results or projections, events or performance are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended, and fall
under the safe harbor. Actual results and financial position could differ
materially from those anticipated in the forward-looking statements as a
result of a number of factors, including, but not limited to, the successful
management of Diedrich Coffee's growth strategy, risks that arise in the
context of operating a business with significant franchise operations, the
impact of competition, the availability of working capital and other risks and
uncertainties described in detail under "Risk Factors and Trends Affecting
Diedrich Coffee and its Business" in the Company's annual report on Form
10-K/A for the fiscal year ended June 29, 2005.
For further information, please contact Stephen V. Coffey, Chief Executive
Officer, at (949) 260-1600.
SOURCE Diedrich Coffee, Inc.
01/03/2006
CONTACT: Stephen V. Coffey, Chief Executive Officer of Diedrich Coffee,
Inc., +1-949-260-1600
Web site: http://www.coffeepeople.com
Web site: http://www.gloriajeans.com
Web site: http://www.diedrich.com
