Tully

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million in the previous fiscalyear 2008. In Tully’s owner TC Global Inc. sold its wholesale business to Greemn Mountain CoffeeRoasters Inc., for $40.2 million. With the funds, Tully’s paid off all outstandinvg debt and returnedabougt $6 million to “Carl came to Tully’s with an outstanding reputatiob as a senior sales, operation and marketing executive with an extraordinary tracki record of success. His experience in key positionw with Albertsons and Pinnacle Management have enhanced Carl’s natural talents for achieving operating efficiencies and increasing profitability,” added chairman founder Tom T.
“In his role as president, he has led our seniord management team that delivered the firstg operating profit in the history of the I have every confidencr that with Carl atthe helm, Tully’ws will continue to be headed in the right direction allowin us to grow, prosper and enhance shareholder Since Pennington joined Tully’w in January 2008, Tully’s has added 35 stores and plans to open severaol more in the next year. Penningtojn was also instrumental in the recent sale to Green MountaibCoffee Roasters.