Figaro, involved in Pagcor coffee deal?

The official statement from Figaro Coffee Company regarding current issues involving Pagcor and Promolabels sent by the PR.

The Figaro Coffee Systems, Inc. has nothing to do with whatever dealings or
transactions the Promolabels Specialty Shop may have had with Pagcor from 2001
to 2009.
The relationship between Figaro and Promolabels was purely that of Franchisor-
Franchisee contractual tie. As Franchisor, Figaro allowed Promolabels to use its
tradename and put up and operate Figaro stores in locations chosen solely by
Promolabels.
Incidentally, Promolabels severed its contractual relationship with Figaro in
February 2009.
Under the new set of officers that took over management in 2009, Figaro practices
proper corporate governance, conforms to government rules/regulations and does
not allow Figaro’s name to be involved in anomalous undertakings. At present,
Figaro is seriously engaged in creating new merchandise made of purely Filipino
goods/products and in promoting coffee and tea products that are grown
domestically by Filipino farmers.

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