OFFICERS AND DIRECTORS
following individuals constitute our board of directors and executive
Executive Officer and Chairman of the Board of
Chief Operating Officer and a Director
Financial Officer, Secretary and
Chief Executive Officer since inception. Mr. Binninger graduated from the
University of California Berkeley. His direct responsibilities include overall
company strategic planning, company expansion, real estate acquisition and
development. He oversees all site selection, lease and purchase negotiations,
and construction of new Java Detour® locations. In 2003, Mr. Binninger led the
creation of a joint venture agreement between the Company and First Street
Ventures under which First Street Ventures built out 6 new stores. More recently
he led the negotiations that resulted in Pavilion Development signing on to
build 30 stores over the next 36 months in Texas and Florida. Mr. Binninger
led the negotiations with Focus Brands to incorporate Cinnabon Express locations
into existing and future Java Detour® stores.
President and Chief Operating Officer since inception. Mr. Binninger graduated
with honors from the University of Idaho Business School. In addition to
overseeing all store operations and quality control, he is also responsible
new store set-up and operational design, equipment selection and layout. Mr.
Binninger develops all proprietary products and drink recipes. He directed
development of Java Detour®’s proprietary chocolate syrups to improve product
quality and streamline beverage operations, and laid the groundwork for our
company’s wholesale business. He also oversees all aspects of our coffee
been our Chief Financial Officer and Secretary since 2001. Mr. Sands graduated
with honors from Menlo College in Atherton, California. He is responsible for
identifying and utilizing all capital resources, in addition to directing
financing and investing activities. Mr. Sands oversees all product pricing,
vendor negotiations and daily accounting procedures for our company. Prior
joining the Company, Mr. Sands was employed by Charles Schwab and was voted
named national Manager of the Year for employee development in 2000.
partners recently acquired the restaurant chains Del Taco and Captain D’s. He is
a board member of Focus Brands (owners of the Cinnabon brand). He was previously
Chief Executive Officer of Yorkshire Global Restaurants, Inc. (holding company
for A&W Restaurants, Inc. and Long John Silver's Restaurants, Inc.) before
he helped orchestrate the sale of A&W and Long John Silver’s to Yum Foods.
Mr. Feltenstein began his career at the Procter and Gamble Company. In 1972
joined Dunkin’ Donuts and spent 12 of his 19 years as Chief Marketing Officer.
In 1992 he became Executive Vice President of Worldwide Marketing for the Burger
King Corporation and is widely credited for reversing an eight year decline
customer traffic. He left Burger King in 1994 to form Yorkshire Global
Restaurants. In 2000 Mr. Feltenstein was the recipient of the prestige’s
International Franchise Associations Entrepreneur of the Year Award.
currently serving as Manager for three private equity funds and has assisted
the start-up of many new businesses including one major retail coffee
chain. Mr. Klapper was responsible for the start-up funding and initial
expansion capital of Pasqua Coffees of San Francisco. After receiving Mr.
Klapper’s expansion funding, Pasqua later became and acquisition candidate and
was eventually bought by Starbucks Coffee. Mr. Klapper served as a Director
shareholder of Yorkshire Global Restaurants, which owned the brand names of
A&W Restaurants, Inc. and Long John Silver's Restaurants, Inc. Mr. Klapper
has been involved with a significant number of properties in San Francisco,
Boston, Houston and other cities. The most recent development was a Class
A high rise office building (approximately 500,000 square feet) in downtown
Honolulu. Most recently, Mr. Klapper and his affiliated companies, PFK
Acquisition Company I, LLC and PFK Acquisition Group II, LLC have been involved
as principals and advisors for the purchase of approximately $500 million in
institutionally owned properties and companies.
founder and director of Panda Express, continues to head the privately held
company, Panda Restaurant Group. The Panda Restaurant Group operates a
successful portfolio of restaurants including Panda Express, Panda Inn, and
Hibachi-San. The Panda Restaurant Group is one of the largest family-owned
restaurant chains in the world and has over 800 restaurants covering 34 states,
Puerto Rico and Japan.
Binninger and Steven Binninger are brothers. Other than the foregoing, there
no family relationships among the individuals comprising our Board of Directors,
management or other key personnel.
of the Board of Directors
of Directors does not maintain a separate audit, nominating or compensation
committee. Functions customarily performed by such committees are performed
its Board of Directors as a whole. We are not required to maintain such
committees under the rules applicable to companies that do not have securities
listed or quoted on a national securities exchange or national quotation system.
We intend to create board committees in the near future.