TIM HORTONS CAFE & BAKE SHOP CONTINUES TO GROW
IN NEW YORK STATE
Mirabito and Tim Hortons Cafe & Bake Shop to open more than 40
DUBLIN, OH. – June 29, 2011 – Tim Hortons Cafe & Bake Shop has signed a new development agreement with Mirabito to open 44 co-branded convenience and gas locations throughout Upstate New York by 2012, with the vast majority of locations anticipated to open in 2011.
“We’re excited to see the Tim Hortons brand expand its presence in New York State but also to expand our relationship with Mirabito,” said David Clanachan, Chief Operations Officer, U.S. and International, Tim Hortons. “We’re confident that this relationship will bring more value and convenience to our guests.”
The new co-branded locations will be comprised of both self-serve and full-serve restaurants and join two already existing co-branded locations in New York State.
“Mirabito searched long and hard for a solid partner in enhancing our convenience store offerings. Tim Hortons stood out as a company that shares our same principles of providing value, quality and convenience to customers,” saidJoseph P. Mirabito, CEO of Mirabito, Quickway, Convenience Express stores and Mirabito Energy Products.
Mirabito provides commercial and residential energy products throughout Upstate New York. In addition, Mirabito owns and operates more than 55 convenience and gas locations throughout Upstate New York, making Mirabito a truly convenient stop for customers and one of the largest convenience store chains in the state.
Tim Hortons Inc. Overview
Tim Hortons is the fourth largest publicly-traded quick service restaurant chain in North America based on market capitalization, and the largest in Canada. Operating in the quick service segment of the restaurant industry, Tim Hortons appeals to a broad range of consumer tastes, with a menu that includes premium coffee, flavored cappuccinos, specialty teas, home-style soups, fresh sandwiches, wraps, hot breakfast sandwiches and fresh baked goods, including our trademark donuts. As of April 3rd, 2011, Tim Hortons had 3,782 systemwide restaurants, including 3,169 in Canada and 613 in the United States. More information about the Company is available atwww.timhortons.com.
Mirabito, Quickway and Convenience Express convenience stores are part of the Mirabito Family of Companies which also includes Mirabito Energy Products and the Rewards Plus customer loyalty program. Mirabito’s corporate offices are located in The MetroCenter, Binghamton, NY. For more information, visit www.mirabito.com.