Green Mountain Coffee to join new global development alliance

WATERBURY, Vt.--(BUSINESS WIRE)--Dec. 9, 2002-- Robert Stiller, CEO and President of Green Mountain Coffee, Inc. (NASDAQ:GMCR - News) and Andrew S. Natsios, the Administrator of the U.S. Agency for International Development (USAID) today signed a Memo of Understanding (MOU) that creates an alliance to assist coffee producers around the world in addressing the economic, social and environmental impacts of the global coffee crisis. The Coffee Alliance will focus on developing sustainable solutions that will improve the quality of coffee and the quality of life in coffee growing communities. The MOU is a mechanism by which Green Mountain Coffee Roasters may work with USAID in Washington and in missions around the world. The Company's relationship with USAID has developed within the context of the Global Development Alliance, an innovative new business model that includes private companies, foundations and others.

More...