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Non-Tech : Krispy Kreme Doughnuts, Inc. (KKD) -- Ignore unavailable to you. Want to Upgrade?

To: gladman who wrote (681)	3/19/2001 11:03:17 AM
From: Jon Koplik	Read Replies (1) \| Respond to of 1001

Krispy Kreme Plans to Build New Manufacturing And Distribution Facility in the Midwest WINSTON-SALEM, N.C., March 19 /PRNewswire/ -- Krispy Kreme Doughnuts, Inc. (Nasdaq: KREM) announced today that it has submitted an option to purchase approximately 34 acres in Effingham, Illinois with plans to build a state-of-the-art 187,000 square foot manufacturing and distribution facility. Approximately 47,000 square feet of the facility will be dedicated to the blending and packaging of prepared doughnut mixes. The facility will additionally provide 116,000 square feet for a new distribution center. Effingham was selected due to its proximity to major highway and rail intersections. The midwestern markets, as well as the western half of North America, is expected to be served from this facility. "Our continued sales momentum, penetration of new markets and accelerated pace of new store openings will outstrip our capacity to provide mix to our system by next year. This new plant, to be completed in the first half of next year, will triple our capacity. The combination of this new mix plant and new equipment manufacturing facility in Winston-Salem will provide the infrastructure to support our growth for the next several years," said Scott Livengood, Chairman, President and Chief Executive Officer. Effingham Mayor Robert F. Utz stated, "The City of Effingham has been working with Krispy Kreme for several months on the location of a mix and distribution plant for their products. We are extremely proud to have been selected as the site and welcome Krispy Kreme to Effingham. We know by our association through this process that this will be a great addition to our economic base." John Tate, Chief Financial Officer and President of Krispy Kreme Manufacturing and Distribution, added, "We are very excited about this new plant. Not only will we be positioned closer to most of our franchise customers, but this new facility will allow us to maintain or improve our unit cost as soon as we begin operations." Presentation at Deutsche Banc Alex. Brown's 2001 Consumer Growth Stock Conference Additionally, the Company announced that Scott Livengood and John Tate will speak today to the investment community at Deutsche Banc Alex. Brown's 2001 Consumer Growth Stock Conference in Naples, Florida at 10:30 a.m. Interested investors can access a live audio webcast of the presentation at db.com . A replay of the presentation will be available by the end of the day and will be archived for 90 days. The 63-year-old North Carolina-based company is a leading branded specialty retailer of premium quality doughnuts, including the company's signature Hot Original Glazed. Krispy Kreme currently operates 177 stores in 28 states. Krispy Kreme can be found on the World Wide Web at krispykreme.com .