Colbourne named President and Chief Operating Officer for Tully's Coffee.

Business Editors

SEATTLE--(BUSINESS WIRE)--Feb. 22, 2001

Tully's Coffee Corporation has appointed Jamie Colbourne as president and chief operating officer.

Colbourne has 17 years of experience in management level positions and has been directly involved with major acquisitions and growth opportunities with significant corporations in the food and beverage industry. Prior to joining Tully's, Colbourne served as president and chief executive officer for Specialty Frozen Products from 1993 to 2000 where he increased the company's profits 400%. He also served as director of finance for The Haagen-Dazs Company where he was responsible for all finance and planning functions for the $100 million business. Prior to his position with The Haagen-Dazs Company, Jamie was recruited to chief financial officer for Pepsi Cola of Ontario, Canada after serving for three years as director of finance for The Coca-Cola Company, Inc.

Colbourne said, "Joining Tully's as president and chief operating officer is an unbelievable opportunity. Similar to the competition between Coke and Pepsi, there is room in the market for a second player in the coffee industry. Tully's has experienced exceptional growth of late. Recent expansions into Portland and Los Angeles are only the beginning."

Tom O'Keefe, Tully's Coffee founder, chairman and CEO, said, "The addition of Jamie brings our two year search for a president and COO to a conclusion. His knowledge and expertise of the consumer marketplace will allow us to focus our attention on the continued growth of the company."

Colbourne, a native of Canada, attended St. Mary's University in Nova Scotia, Canada and obtained a Chartered Accounting Designation at the Canadian Institute of Chartered Accountants.

Founded in 1992, Tully's Coffee Corporation is the third largest company-owned specialty coffee retailer in the nation. Tully's Coffee currently has 150 locations in Washington, Oregon, California, Idaho, Sweden and the Pacific Rim and has either signed or is negotiating leases for more than 100 other future stores. Tully's corporate headquarters and roasting plant are located in the former Rainier Brewery facility and Seattle landmark at 3100 Airport Way South, in Seattle, Wash., USA. For more information, call (800) 96-TULLY or visit Tully's Web site at www.tullys.com.