Organic To Go's loss widens in 2006

by Staff
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SEATTLE — SP Holding Corp., doing business as Organic To Go, sustained a loss of $7.97 million for the year ended Dec. 31, 2006, which compared with a loss of $5.66 million during the previous year.

Organic To Go is a causal cafe organic retailer. Revenue for the year was $9.66 million — up 58% from the previous year at $6.12 million.

"The year 2006 was an important one in the growth and maturation of our company," said Jason Brown, chairman and chief executive officer. "At the end of the year, Organic To Go’s three business segments (retail, delivery and wholesale) had grown to include more than 40 retail locations, including 10 retail cafes (many of them in the belly of office buildings), corporate campuses (including Microsoft and Starbucks) eight college campuses and four locations at Los Angeles International Airport."

Mr. Brown also said the company will continue growth through the three business segments in Seattle and Los Angeles, at other existing locations and new locations through future acquisitions.

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