Published: September 22, 2010
Green Mountain Coffee Roasters, Inc. Debuts Paper-Based K-Cup Portion Pack with Celestial Seasonings Green Tea
WATERBURY, Vt. - (BUSINESS WIRE) - Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) is pleased to
announce it will package and distribute a new green tea in a K-Cup
portion pack made with paper.
Celestial
Seasonings Honey Lemon Ginseng Green Tea is the first
beverage to be offered in the new paper-based K-Cup, which is designed
for use in the Keurig Single-Cup Brewing System. The K-Cup
contains authentic green tea and delicate Bai Mu Dan white tea - one of
the rarest and youngest of teas - creating a smooth, balanced cup with a
pleasantly mild flavor.
"As part of our overall commitment to corporate social responsibility,
we are dedicated to reducing our environmental impact by cutting our
energy consumption, advancing our product packaging, and pursuing many
other initiatives," said Paul Comey, Vice President of Environmental
Affairs for GMCR. "We believe K-Cups made with renewable resources like
paper represent a positive step as we continue to search for more
sustainable alternatives to our current portion pack technology."
"Our analysis suggests that K-Cups made with paper have a smaller
environmental impact than K-Cups made with plastic because they reduce
the use of non-renewable materials," said Comey. "But we're not stopping
here. Our research has indicated additional areas of opportunity to
reduce our environmental impact. We are collaborating with our packaging
suppliers on more significant improvements to our portion pack
materials, and we look forward to sharing our progress."
K-Cup portion packs contain the exact amount of coffee or tea to create
a perfect, single cup. The construction of plastic K-Cups
protects coffee from the effects of light, air, and moisture. This new
paper-based K-Cup is not currently a viable solution for coffee because
the technology does not provide a sufficient barrier to ensure product
freshness. Tea can be effectively protected by paper that is lined with
polyethylene. While this layer prevents the paper-based K-Cup from being
recyclable, it helps to maintain the freshness of the tea and allows the
paper to withstand the water, heat, and pressure of the brewing process.
Celestial
Seasonings Honey Lemon Ginseng Green Tea is available online at www.GreenMountainCoffee.com
and www.Keurig.com.
A box of 24 K-Cups currently sells for $13.95.
About Green Mountain Coffee Roasters,
Inc. (NASDAQ: GMCR)
As a leader in the specialty coffee industry, Green Mountain Coffee
Roasters, Inc. is recognized for its award-winning coffees, innovative
brewing technology, and socially responsible business practices. GMCR's
operations are managed through two business units. The Specialty Coffee
business unit produces coffee, tea and hot cocoa from its family of
brands, including Tully's Coffee, Green Mountain Coffee®,
Newman's Own Organics coffee, Timothy's World Coffee®
and Diedrich, Coffee People and Gloria Jeans, a trademark
licensed to the Company for use in North America and owned by Gloria
Jeans Coffees International Pty. Ltd. The Keurig business unit is a
pioneer and leading manufacturer of gourmet single-cup brewing systems. K-Cup
portion packs for Keurig Single-Cup Brewers are produced
by a variety of roasters, including Green Mountain Coffee, Tully's,
Timothy's and Diedrich. GMCR supports local and global communities by
offsetting 100% of its direct greenhouse gas emissions, investing in
Fair Trade Certified coffee, and donating at least five percent of its
pre-tax profits to social and environmental projects. Visit www.gmcr.com
for more information.
GMCR routinely posts information that may be of importance to investors
in the Investor Relations section of its website, including news
releases and its complete financial statements, as filed with the SEC.
The Company encourages investors to consult this section of its website
regularly for important information and news. Additionally, by
subscribing to the Company's email
alerts, individuals can receive news directly from GMCR as it is
released.
Celestial Seasonings is a registered trademark of Celestial Seasonings,
Inc.
GMCR-S
GMCR Forward-Looking Statements
Certain statements contained herein are not based on historical fact and
are "forward-looking statements" within the meaning of the applicable
securities laws and regulations. Generally, these statements can be
identified by the use of words such as "anticipate," "believe," "could,"
"estimate," "expect," "feel," "forecast," "intend," "may," "plan,"
"potential," "project," "should," "would," and similar expressions
intended to identify forward-looking statements, although not all
forward-looking statements contain these identifying words. Owing to the
uncertainties inherent in forward-looking statements, actual results
could differ materially from those stated here. Factors that could cause
actual results to differ materially from those in the forward-looking
statements include, but are not limited to, the impact on sales and
profitability of consumer sentiment in this difficult economic
environment, the Company's success in efficiently expanding operations
and capacity to meet growth, the Company's success in efficiently and
effectively integrating Tully's, Timothy's, Diedrich's and Van Houtte's
wholesale operations and capacity into its Specialty Coffee business
unit, the Company's success in introducing and producing new product
offerings, the ability of lenders to honor their commitments under the
Company's credit facility, competition and other business conditions in
the coffee industry and food industry in general, fluctuations in
availability and cost of high-quality green coffee, any other increases
in costs including fuel, Keurig's ability to continue to grow and build
profits with its roaster partners in the At Home and Away from Home
businesses, the Company experiencing product liability, product recall
and higher than anticipated rates of warranty expense or sales returns
associated with a product quality or safety issue, the impact of the
loss of major customers for the Company or reduction in the volume of
purchases by major customers, delays in the timing of adding new
locations with existing customers, the Company's level of success in
continuing to attract new customers, sales mix variances, weather and
special or unusual events, as well as other risks described more fully
in the Company's filings with the SEC. Forward-looking statements
reflect management's analysis as of the date of this press release. The
Company does not undertake to revise these statements to reflect
subsequent developments, other than in its regular, quarterly earnings
releases.
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GMCR's Specialty Coffee Business Unit
Sandy Yusen, 866-968-2739
sandy.yusen@gmcr.com
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