Corporate Profile for Pizza Inn Inc., dated April 4, 1997.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: April 4, 1997
Company Name: Pizza Inn Inc.
Address: 5050 Quorum Drive
Suite 500
Dallas, TX 75240
Main Telephone
Number: 972/701-9955
Internet Home
Page Address
(URL) http://www.pizzainn.com
Chief Executive
Officer: C. Jeffrey Rogers
Chief Operating
Officer: Ronald W. Parker
Investor Relations
Contact: Ronald W. Parker
Business number: 972/701-9955
Public Relations
Contact: C. Jeffrey Rogers
Business number: 972/701-9955
Trading Symbol/
Exchange: NASDAQ:PZZI
Industry: Restaurant franchisor
Market Makers: 13
-0- Company description: Pizza Inn Pizza Inn (NASDAQ: PZZI) is a restaurant chain and international food franchise, specializing in American-style pizza. The company is based in the Dallas suburb of The Colony, Texas. Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :PZZI) founded in 1961, is the Dallas-based franchisor and food and supply distributor to a system of over 460 Pizza Inn locations in the southeastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and 18 foreign countries. The company operates five restaurants for training purposes but derives the majority of its revenues from food and equipment sales, franchise fees and royalties Not to be confused with Royal family. Royalties (sometimes, running royalties) are usage-based payments made by one party (the "licensee") to another (the "licensor") for ongoing use of an asset, most typically an intellectual property (IP) right. . The company's distribution division contributes $60 million in annual revenues from the sale of food products, equipment and other supplies to Pizza Inns in the United States and overseas. In 1990, the company reorganized re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. under new management and with a new business strategy of achieving aggressive growth through franchising rather than company restaurant operations. With franchises providing the capital for store growth, the company uses its cash from operations primarily for debt reduction and stock repurchases Stock repurchase A firm's repurchase of outstanding shares of its common stock. . Annual earnings growth has averaged over 20 percent in the last four years, and the company is on track to be debt-free within the next two years and producing significant free cash flow. Analysts consider Pizza Inn an attractive investment opportunity because anticipated growth does not yet appear to be reflected in the company's stock price. CONTACT: Pizza Inn Inc., Dallas Dallas, city (1990 pop. 1,006,877), seat of Dallas co., N Tex., on the Trinity River near the junction of its three forks; inc. 1871. The second largest Texas city, after Houston, and the eighth largest U.S. |
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