RISE - Menu Monitor

Expansion Plans |
Pizza Inn Inc. has agreed to sell its real estate, distribution facility and corporate office building to Intage Interests L.P. for
$11.5 million. The transaction is due to close on December 19. (Company Release 10/20/06)
Pizza Inn is selling its distribution facility and corporate office to Vintage Interests LP for $11.5 million. The deal is expected to
close on December 19. (Company Release 11/29/06)
Pizza Inn has completed the sale of its headquarters and distribution facility to Vintage Interests, LP, for $11.5 million.
(Company Release 12/20/06)
Pizza Inn Inc. signed development agreements with Greenville/Spartanburg, SC, and Dallas-Fort Worth franchisees. Viren and
Mina Patel, will open a new Pizza Inn buffet location in Spartanburg, SC, by the fall of 2007. Aaron and Deena Tran, will open
a buffet restaurant in Plano, TX, in the summer of 2007. This location will mark the second Pizza Inn operated by the Tran
family. In addition to these plans, Pizza Inn will transfer its Lindale, TX, franchised unit to a new licensee. (Company Release
5/18/07)
Franchise Activity |
Pizza Inn franchisees, Bridgett Waters, Billy Hale, Kevin and Joyce Whitlock of WMC, Inc., opened a new Pizza Inn buffet in
St. Augustine, FL. The restaurant is located in the Lewis Point Plaza. (Company Release 1/18/07)
A Pizza Inn franchisee opened a new pizza buffet in Boiling Springs, SC, on March 20. In addition to the pizza buffet, the new
restaurant features party facilities, a game room and family-style dining. The restaurant is designed to provide guests with a
wide variety of fresh-made pastas, salads, pizzas and desserts served in a fun and friendly environment. (Company Release
3/20/07)
International Activities |
Pizza Inn Inc. has announced plans to open 20 new units in Kuwait with franchisee Raja Company W.I.I. The multi-unit
development agreement with Kuwait City-based Raja is a continuation of Pizza Inn’s expansion throughout the Middle East
and Asia. (Yahoo! Finance 11/14/07)
Personnel |
Charles Morrison, Interim CEO/President
Charles Morrison, CFO
Joe Brink, V.P. of Purchasing
Ward Olgreen, V.P. of Operations
Danny Meisenheimer, V.P. of Marketing
Ward Olgreen, V.P. Research & Development
Pizza Inn hired Charles R. Morrison as chief financial officer. Previously, Morrison served as president of The Tavern and
Steak and Ale. (Company Release 1/31/07)
Pizza Inn Inc. Chief Executive Officer Tim Taft has resigned, effective immediately. Charlie Morrison has been appointed
Interim Chief Executive Officer. Morrison currently serves as Chief Financial Officer for the company. (Company Release
8/15/07)
News & Other |
Pizza Inn Inc. reported for the first quarter ended September 24 a net loss of $106.1 million from a loss of $49.0 million for the
same period last year. Revenues decreased 7% to $12 million from $12.9 million. Same-store sales fell 1.8%. (Company
Release 11/8/06)
Pizza Inn Inc. reported for the second quarter ended December 24 net earnings rose to $1.5 million from a loss of $6.0 million
for the same period last year. Revenues decreased 3.1% to $12.4 million from $12.8 million. Same-store sales increased
0.6%. (Company Release 2/7/07)
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