Pie Five Pizza Co. Awards First Two Franchise Development Agreements
Concept Announces Multi-Unit Deals for 18 Locations in Two States
THE COLONY, Texas, Nov. 12, 2012 (GLOBE NEWSWIRE) -- Pie Five Pizza Co. a subsidiary of Pizza Inn Holdings, Inc. (Nasdaq:PZZI), announced today that it has awarded its first two franchise development agreements and will introduce its fast-casual custom pizza concept in Utah and North Carolina.
Pie Five awarded two multi-unit franchise development agreements with rights to open and operate up to 18 locations across Utah and in Charlotte, N.C. Development will begin in 2013 as Pie Five continues to expand the award-winning chain through corporate-owned locations and franchise development in major markets.
"We're extremely excited to announce our first two franchise agreements with experienced multi-unit restaurant operators," said Madison Jobe, chief development officer. "We've built a strong network of eight company-owned stores to prove the business model works, and now we're ready to take fast-casual pizza to a whole new level. While we will continue to develop company-owned locations, we are ready to partner with franchisees to expand this incredible concept on a large scale and grow our fan base exponentially.
"Pie Five will also continue to build its infrastructure to support the increasing number of company-owned and franchised locations as we share this revolutionary concept with a growing audience of loyal customers," Jobe added.
Pie Five was recently named by Nation's Restaurant News as a 2012 Hot Concept award winner. Guests can choose from more than a million combinations of fresh made-to-order pizzas and a variety of specialty pie choices prepared in less than five minutes on a Crispy Thin, Classic Pan, Italian Herb Thin or Gluten Free Crust.
About Pie Five Pizza Co.:
Pie Five is a subsidiary of Pizza Inn Holdings, Inc. headquartered in the Dallas suburb of The Colony, Texas, Pizza Inn Holdings, Inc., is an owner, franchisor and supplier of a system of restaurants operating domestically and internationally under the trademarks "Pizza Inn" and "Pie Five Pizza Co." Pizza Inn is an international pizza chain featuring traditional and specialty pizzas, as well as freshly made pastas, sandwiches, and desserts. Pie Five Pizza Co. is a new fast-casual concept offering individual pizzas made to order and cooked in less than five minutes. Founded in 1958, publicly traded Pizza Inn Holdings, Inc. (Nasdaq:PZZI) franchises approximately 300 restaurants and directly owns and operates 12 restaurants. For more information, please visit www.pizzainn.com.
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