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THE COLONY, Texas, Jan. 5, 2011 (GLOBE NEWSWIRE) -- Pizza Inn, Inc. (Nasdaq:PZZI) has announced it will ring The NASDAQ Stock Market Closing Bell in New York at 4 p.m. Eastern Time tomorrow.
The occasion will commemorate the recent opening of the fifth corporate-owned Pizza Inn restaurant and an aggressive franchise development program including zero payment of royalties in the first year of business that is helping franchise owners introduce similar locations across the 310-unit chain.
"We're incredibly excited to start the New Year championing our grassroots network, supporting more small-business ownership, and thanking our loyal Pizza Inn customers on the largest financial stage in the world," said Charlie Morrison, president and CEO of Pizza Inn, who will ring the NASDAQ Closing Bell.
Morrison will be joined by JoJo, the company's brand ambassador, and Bob Singh, a successful multi-unit franchise owner and Pizza Inn area developer at the NASDAQ MarketSite in Times Square to do the honors.
The company capped a year of growth in 2010 that has set the foundation for further expansion in 2011. With a plan to add more corporate-owned locations, Pizza Inn is offering a franchise program with zero royalties the first year of business and only 2 percent the second year on all franchise agreements for new stores awarded by March 31, 2011.
Singh, a resident of Greenwood, Miss., is representative of the program's success. An award-winning member of the Pizza Inn network, he has been associated with Pizza Inn for more than 30 years and owns and sub-franchises 18 locations throughout Mississippi. His newest restaurant in Hattiesburg opened last spring and will pay no royalties to the franchisor until April of this year.
"Pizza Inn is leading by example, and we are proud to help our franchisees realize their dreams of business ownership as well," Morrison said. "Today's Pizza Inn restaurant has a fresh new look that pays tribute to our heritage and also offers our franchisees the opportunity to maximize a quicker return on their investment. Together we are shaping the future and also giving thanks to the customers that have supported us for 52 years."