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Prospector
Profile
07.1185
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| Tully's Coffee Corporation |
NAICS |
722213 |
| 3100 Airport Way South
Seattle, WA 98134 |
Description |
Coffee Shops |
| (206) 233-2070 |
Employees |
1000 |
| http://www.tullys.com/ |
Revenue |
(mil) |
53.9800 |
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Income |
(mil) |
-4.6300 |
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Assets |
(mil) |
21.5300 |
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Liability |
(mil) |
16.4000 |
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(for the year ended 2007-04-01) |
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Category:
Loss/Deficit
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Event:
Tully's Coffee Corp. posted a $2,194,000 net loss on $16,343,000 of total revenues for the 13-week period ended July 1, 2007, as compared with a $2,354,000 net loss on $14,007,000 of total revenues for the same period ended July 2, 2006. At July 1, 2007, the Company's balance sheet showed $17,648,000 in total assets and $23,342,000 in total liabilities, resulting in a $5,694,000 stockholders' deficit. The Company also reported strained liquidity in its July 1, 2007, balance sheet with $10,031,000 in total current assets and $16,358,000 in total current liabilities, resulting in a $6,327,000 working capital deficit.
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Intellectual Property:
The Company owns several trademarks and service marks used on its products that has been registered with the U.S. Patent and Trademark Office, including Tully’s, the Tully’s logo, and Bellaccino. In addition, it has applications pending for a number of additional trademarks and service marks used to distinguish products and services in the marketplace from those of competitors. The Company also owns registered trademarks and service marks used on its products in some foreign jurisdictions and has filed additional applications for trademark and service mark protection in various foreign jurisdictions. In addition to registered and pending trademarks and service marks, the Company considers the packaging for its coffee and the appearance of its trade dress to be strong identifiers of its brand. The Company also owns numerous copyrights for items such as product packaging, promotional materials, in-store graphics and training materials. It also has registered and maintains a number of Internet domain names, including “Tullys.com.” The Company considers roasting methods and coffee blend recipes proprietary and seeks to maintain them as trade secrets. [SEC Filing 10-K 07-13-07]
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Description:
The Company operates and franchises a chain of nearly 130 coffeehouses offering a variety of specialty blend coffees along with baked goods, espresso, and related supplies, mostly in Washington, Calif. and a handful of other western states.
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Officers:
Tom T. O'Keefe (Chair); John K. Buller (Pres., CEO & Dir.); Kristopher S. Galvin (EVP & CFO); Mark E. DaCosta (VP-Wholesale Operations & Logistics); Ron Gai (VP-Sales); Andrew Mun (VP-Legal & Sec.); Rob Martin (VP-Merchandising & Prod.); Dana H. Pratt (VP-Retail Operations); Kathi Ainsworth-Jones (Dir.); Marc Evanger (Dir.); John M. Fluke (Dir.); Lawrence L. Hood (Dir.); Gregory A. Hubert (Dir.)
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Auditor:
Moss Adams LLP
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Securities:
2,685,300 common shares outstanding as of July 1, 2007.
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