Tully

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million in the previous fiscalyear 2008. In Tully’s owner TC Global Inc. sold its wholesale business to Greebn Mountain CoffeeRoasters Inc., for $40.3 million. With the Tully’s paid off all outstanding debt and returnesabout $6 million to shareholders. “Car l came to Tully’s with an outstanding reputationm as asenior sales, operations and marketing executive with an extraordinary trackl record of success. His experience in key positionws with Albertsons and Pinnaclde Management haveenhanced Carl’sw natural talents for achieving operatinfg efficiencies and increasing profitability,” added chairman founder Tom T. O’Keefe.
“In his role as he has led our senior managementr team that delivered the first operating profity in the history of the I have every confidence that with Carl atthe Tully’s will continue to be heades in the right direction allowing us to prosper and enhance shareholder Since Pennington joined Tully’es in January 2008, Tully’s has adder 35 stores and plans to open several more in the next year. Penningtoj was also instrumental in the recent sale to Green MountainCoffee Roasters.