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Pastimes : DDRX--Diedrich Coffee, Inc.

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To: xclently who wrote ()2/10/1999 1:44:00 PM
From: xclently  Read Replies (1) of 4
 
DDRX and MOKA-- from the S-8 filed today...
>>>"Profitability, synergies, access to capital and infrastructure are the
four big gains from this transaction," said John E. Martin, Chairman of
Diedrich Coffee, Inc. "The transaction is immediately accretive to earnings
and provides the management, distribution and roasting infrastructures that
are necessary to drive future growth. Diedrich Coffee has always stood out
in terms of product quality and the unique neighborhood environment we offer
our customers. This transaction makes us stand out in terms of size as well."<<<

It should be noted that there are a number of contingencies including completion of a definitive agreement...>>>. The parties will use their best efforts to
prepare and execute as promptly as possible upon completion of their due
diligence, but in any event not later than March 5, 1999, a Definitive
Agreement embodying the terms of this letter and containing such other
provisions as they and their respective counsel may deem appropriate. <<<
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