News Release
FOR IMMEDIATE RELEASE:
DATE:
 October 7, 2008
CONTACT: Katie McKenna
kmckenna@topsmarkets.com

   
TOPS FRIENDLY MARKETS AND TIM HORTONS SIGN AN AGREEMENT TO BRING TIM HORTONS TO TOPS STORES
October 7 – Oakville, ON – Tops Friendly Markets and Tim Hortons announced today an agreement that will see that customers who shop at Tops stores in Western New York, Rochester, Central New York and Northwestern Pennsylvania, can add a hot cup of fresh Tim Hortons coffee and other Tim Hortons products to their shopping trip by the end of this year. The agreement will include 82 Tops full-service supermarkets and Tops Express locations paired with either a Tim Hortons full-service restaurant or a self-serve kiosk.

The Tim Hortons restaurants in Tops locations will feature the area’s favorite premium coffee and other beverages, fresh baked goods and the popular Breakfast sandwich, adding to consumers’ one-stop shopping experience. Tim Hortons self serve locations will have freshly ground, one cup at a time coffee, cappuccino and espresso based drinks and a variety of Tim Hortons baked goods.

Plans include up to 20 full-service restaurants as part of the 82 locations, and 62 self-serve locations, and when opened the new locations will bring the Tim Hortons total restaurant count in the US to 488, excluding other locations planned for the remainder of 2008. It is expected that several of the self-serve kiosks will be converted over time to full-service locations.

"We are excited about the mutually exclusive partnership between Tops and Tim Hortons," said Frank Curci, Tops' president and CEO. "We're two strong and growing brands in the markets we serve and we share a common goal of meeting the needs of our time-sensitive customers while providing them with quality products. Having Tim Hortons products in our stores will undoubtedly enhance our customers' total shopping experience."

“What a tremendous milestone for Tim Hortons and Tops,” said David Clanachan, Chief Operations Officer, US and International, Tim Hortons. “Tops is an ideal fit for our continued strategy to build our brand and convenience for customers through both standalone stores and non-standard full-serve and self-serve formats.”

About Tops Tops Markets, LLC, is headquartered in Williamsville, NY and operates 71 full-service supermarkets and five franchise supermarkets. With over 10,000 associates, Tops is the leading full-service grocery retailer in Western New York, Central New York, including Rochester, and Northwestern Pennsylvania. For more information about Tops Markets, visit the company's Web site at www.topsmarkets.com .

About Tim Hortons Tim Hortons is the fourth largest publicly-traded quick service restaurant chain in North America and the largest in Canada. Tim Hortons appeals to a broad range of consumer tastes, with a menu that includes coffee and donuts, premium coffees, flavored cappuccinos, specialty teas, home-style soups, fresh sandwiches and fresh baked goods. As of June 29, 2008, Tim Hortons system-wide restaurants numbered 2,851 in Canada and 406 in the United States. More information about the Company is available at www.timhortons.com.

Safe Harbor Statement Certain information in this news release, particularly information regarding future economic performance and finances, and plans, expectations and objectives of management, is forward-looking. Factors set forth in the Company's Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995, including by reference the "risk factors" outlined in the Company's most recent Form 10-K filed February 26, 2008 in addition to other possible factors not listed or described in the Safe Harbor Statement, could affect the Company's actual results and cause such results to differ materially from those expressed in forward-looking statements. As such, readers are cautioned not to place undue reliance on forward-looking statements contained in this news release, which speak only as of the date hereof. Except as required by federal or provincial securities laws, the Company undertakes no obligation to publicly release any revisions to the forward looking statements contained in this release, or to update them to reflect events or circumstances occurring after the date of this release, or to reflect the occurrence of unanticipated events, even if new information, future events or other circumstances have made the forward-looking statements incorrect or misleading. Please review the Company's Safe Harbor Statement at http://www.timhortons.com/safeharbor.html.

 

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