THE COLONY, Texas--(PRIME NEWSWIRE)--April 16, 2008
20 Unit Development Plan Extends Chain's International Growth
Strategy
Pizza Inn, Inc.
(Nasdaq:PZZI) today announced the signing of a multi-unit development
agreement to open up to 20 new units in the country of Bahrain over the
next 10 years in a continuation of the brand's expansion throughout the
Middle East. Pizza Inn has awarded a territorial franchise agreement to
the Attyab Al Bahrain Catering Company and Eastern Retail Services
Company W.L.L., both owned by the Sheikh Terki Al Khalifa Group of
Companies. Initially, the group is converting its former Domino's
Pizza(R) locations to Pizza Inn restaurants in Bahrain.
The Sheikh Terki Al Khalifa Group of Companies is led by Sheikh Terki
Al Khalifa, owner of the Crepe Cafe franchise & partner in Cementatia
General Trading, UAE since 2006.
"We are proud to partner with the Al Attyab Al Bahrain Catering Company
in Bahrain," stated Ward Olgreen, Senior Vice-President of Worldwide
Franchising. "Their experience in the pizza category combined with our
commitment to quality and customer satisfaction makes this a very
formidable partnership."
"We are extremely excited about our future with Pizza Inn," stated
Sheikh Terki Al Khalifa. "We know that families in Bahrain will love
every aspect of Pizza Inn, whether they enjoy our made-from-scratch
pizzas at home or in our restaurants."
The new partnership with the Al Khalifa Group will also utilize the
support services of United Food Company, Pizza Inn's master licensee
for Saudi Arabia and Qatar and a part of the Abdulla Abunayyan Group of
Companies.
Pizza Inn is actively seeking new franchisees for both international
and domestic development. To learn more about these opportunities, go
to www.pizzainn.com for details and contact information.
Domino's Pizza(R) is a registered trademark of Domino's Pizza, Inc.
Certain statements in this press release, other than historical
information, may be considered forward-looking statements, within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995, and are subject to certain risks,
uncertainties and assumptions. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may differ materially from those anticipated,
estimated or expected. Among the key factors that may have a direct
bearing on Pizza Inn's operating results, performance or financial
condition are its ability to implement its growth strategies; success
of its franchise operations; national, regional and local economic
conditions affecting the restaurant industry; competition within the
restaurant industry; restaurant sales cannibalization; negative
publicity; fluctuations in quarterly results of operations, including
seasonality; government regulations; weather; and commodity, insurance
and labor costs.
Pizza Inn, Inc. (www.pizzainn.com) is headquartered in The Colony,
Texas, along with its restaurant services division, Norco Restaurant
Services Company. Pizza Inn franchises approximately 334 restaurants
and owns one restaurant with annual chain-wide sales of approximately
$145 million.
The Pizza Inn logo is available at
http://www.primenewswire.com/newsroom/prs/?pkgid=4933
CONTACT: Pizza Inn, Inc.
Ward Olgreen, Senior Vice President
469-384-5250
[email protected]
20 Unit Development Plan Extends Chain's International Growth
Strategy
Pizza Inn, Inc.
(Nasdaq:PZZI) today announced the signing of a multi-unit development
agreement to open up to 20 new units in the country of Bahrain over the
next 10 years in a continuation of the brand's expansion throughout the
Middle East. Pizza Inn has awarded a territorial franchise agreement to
the Attyab Al Bahrain Catering Company and Eastern Retail Services
Company W.L.L., both owned by the Sheikh Terki Al Khalifa Group of
Companies. Initially, the group is converting its former Domino's
Pizza(R) locations to Pizza Inn restaurants in Bahrain.
The Sheikh Terki Al Khalifa Group of Companies is led by Sheikh Terki
Al Khalifa, owner of the Crepe Cafe franchise & partner in Cementatia
General Trading, UAE since 2006.
"We are proud to partner with the Al Attyab Al Bahrain Catering Company
in Bahrain," stated Ward Olgreen, Senior Vice-President of Worldwide
Franchising. "Their experience in the pizza category combined with our
commitment to quality and customer satisfaction makes this a very
formidable partnership."
"We are extremely excited about our future with Pizza Inn," stated
Sheikh Terki Al Khalifa. "We know that families in Bahrain will love
every aspect of Pizza Inn, whether they enjoy our made-from-scratch
pizzas at home or in our restaurants."
The new partnership with the Al Khalifa Group will also utilize the
support services of United Food Company, Pizza Inn's master licensee
for Saudi Arabia and Qatar and a part of the Abdulla Abunayyan Group of
Companies.
Pizza Inn is actively seeking new franchisees for both international
and domestic development. To learn more about these opportunities, go
to www.pizzainn.com for details and contact information.
Domino's Pizza(R) is a registered trademark of Domino's Pizza, Inc.
Certain statements in this press release, other than historical
information, may be considered forward-looking statements, within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995, and are subject to certain risks,
uncertainties and assumptions. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may differ materially from those anticipated,
estimated or expected. Among the key factors that may have a direct
bearing on Pizza Inn's operating results, performance or financial
condition are its ability to implement its growth strategies; success
of its franchise operations; national, regional and local economic
conditions affecting the restaurant industry; competition within the
restaurant industry; restaurant sales cannibalization; negative
publicity; fluctuations in quarterly results of operations, including
seasonality; government regulations; weather; and commodity, insurance
and labor costs.
Pizza Inn, Inc. (www.pizzainn.com) is headquartered in The Colony,
Texas, along with its restaurant services division, Norco Restaurant
Services Company. Pizza Inn franchises approximately 334 restaurants
and owns one restaurant with annual chain-wide sales of approximately
$145 million.
The Pizza Inn logo is available at
http://www.primenewswire.com/newsroom/prs/?pkgid=4933
CONTACT: Pizza Inn, Inc.
Ward Olgreen, Senior Vice President
469-384-5250
[email protected]