DALLAS - July 11, 2013 // GLOBE NEWSWIRE // - Flash Market Inc. has operated five Pizza Inn restaurants in Alabama, Arkansas and Tennessee since 2009. The experience has been so rewarding, they have decided to expand. Big time.
Pizza Inn Holdings, Inc. (Nasdaq:PZZI), the international chain renowned for its wide variety of delicious traditional and specialty pizzas at affordable prices, announced today that it has awarded 10 new franchise units to Flash Market, Inc. The new Pizza Inn Express restaurants will be located in Alabama, Arkansas, Mississippi and Tennessee.
"Our franchise partners have always been the lifeblood of our company, and Flash Market has been an outstanding partner with us for the past four years," said Madison Jobe, chief development officer for Pizza Inn. "Flash Market is committed to the continued growth of the Pizza Inn brand, and they share our organization-wide dedication to providing the best quality, service and value."
Flash Market owns and operates 80 convenience-store locations across the Southeast, with 35 different restaurant concepts represented. The company currently operates one Pizza Inn restaurant in Lebanon, TN, another in Cave City, AR, a location in Saraland, AL, and two units in Marion, AR. The 10 new Pizza Inn units will be integrated into the company's existing locations.
"I believe Pizza Inn's best days are still ahead which is why I am so excited about today's announcement," said Keith Brown, food service director for Flash Market. "The company's management team is top notch, the brand is well-known and its focus on serving-up quality food at an excellent value is exactly what today's customers are looking for. And let's not forget their fresh dough!"
Flash Market's first new Pizza Inn Express restaurant is projected to open in the fall of 2013.
"Pizza is a very competitive market and we have great confidence in the Pizza Inn brand," continued Brown. "We are excited about what we can do to expand the brand and are grateful for the great opportunity Pizza Inn has created for us."
Headquartered in the Dallas suburb of The Colony, TX, 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 the leading brand in the rapidly growing fast-casual pizza space, offering individual pizzas made to order and cooked in less than five minutes. Founded in 1958, Pizza Inn Holdings owns and franchises approximately 300 restaurants. The Company's common stock is listed on the Nasdaq Capital Market under the symbol "PZZI." For more information, please visit www.pizzainn.com.