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ニュースサイトなど宛てに広く配信された、ニュースリリース(プレスリリース)、 開示情報、IPO企業情報の備忘録。 大手サイトが順次削除するリリースバックナンバーも、蓄積・無料公開していきます。 ※リリース文中の固有名詞は、発表社等の商標、登録商標です。 ※リリース文はニュースサイト等マスコミ向けに広く公開されたものですが、著作権は発表社に帰属しています。

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2007'12.05.Wed
Pizza Inn Announces Multi-Unit Agreement in Kuwait
November 15, 2007


20 Unit Development Plan Further Expands Chain's
International Presence


    THE COLONY, Texas, Nov. 15 /Xinhua-PRNewswire/ -- Pizza
Inn, Inc. (Nasdaq: PZZI) today announced the signing of a
multi-unit development agreement to open 20 new Pizza Inn
restaurants in the country of Kuwait. Pizza Inn, famous for
its made from scratch crusts, has awarded a master license
agreement to the Raja Company W.I.I., based in Kuwait City,
Kuwait, in a continuation of the brand's expansion
throughout the Middle East and into Asia. 

    The Raja Group of Companies (formerly known as Raja
Trading Est.) is led by chairman Waleed Adulla Ayoub,
Managing Director Rohit Mirchandani and Director Mohit
Mirchandani. Established in 1962, the Raja Company
specializes in the region's petroleum, construction and
energy industries in addition to marketing, logistics and
food and beverage services. 

    "We are excited and proud to partner with the Raja
Company in Kuwait," stated Ward Olgreen, Sr.
Vice-President of Worldwide Franchising for Pizza Inn.
"The passion and business experience that Waleed and
Rohit bring to the partnership, combined with our brand
experience in the region, will make us a very formidable
team."
 
    "This is an exciting time for our company and for
Pizza Inn. Our goal is to take the brand to new heights
throughout Kuwait," stated Rohit Mirchandani.
"We're convinced customers will love Pizza Inn in
every city where we open." 

    The new partnership with the Raja Company will also
utilize the support services of United Food Company, Pizza
Inn's master licensee for Saudi Arabia and Qatar. United
Food Company will serve as the training hub for Pizza Inn
restaurants in the region. 

    "As a company that has been franchising
internationally for over 30 years, Pizza Inn has
significant experience in supporting new master licensees
with development and operational support in addition to
supply chain management. With our Norco Restaurant Services
Division at our side we have the flexibility to fully
support any new franchise, regardless of location,"
stated Olgreen. 

    The news follows the chain's recent announcements of
same store sales growth in its domestic buffet category and
positive earnings for fiscal year 2007 and first quarter for
fiscal year 2008. 

    Pizza Inn is actively seeking new franchisees for both
international and domestic development. To learn more about
these opportunities, go to http://www.pizzainn.com for
details and contact information. 
 
    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. ( http://www.pizzainn.com ) is
headquartered in The Colony, Texas, along with its
distribution division, Norco Restaurant Services Company.
Pizza Inn franchises approximately 346 restaurants and owns
one restaurant with annual domestic and international
chain-wide sales of approximately $145 million.






    For more information, please contact:

     Ward Olgreen
     Senior Vice President
     Pizza Inn, Inc.
     Tel:   +1-469-384-5250
     Email: wolgreen@pihq.com
PR
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