This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Pizza Inn Increases Credit Facility In Effort To Expand Company Store Growth

THE COLONY, Texas, Jan. 13, 2011 (GLOBE NEWSWIRE) -- Pizza Inn, Inc. (Nasdaq:PZZI) today announced an agreement to expand its term loan credit facility with Amegy Bank to $2.56 million, providing additional capacity for continued growth of company-owned stores. The additional available credit will enable the company to add up to six new company restaurants in the next year. Pizza Inn has opened five new company-operated restaurants in the last two years.

"Amegy Bank has been a valuable partner in executing our growth strategy," said Charlie Morrison, President and CEO of Pizza Inn. "The expansion in the facility demonstrates both Pizza Inn's and Amegy's confidence in our new buffet-style restaurant concept." 

"Amegy Bank is excited to build upon our existing relationship with Pizza Inn as they continue to grow their business," said Amegy Bank Dallas CEO and President Matt Hildreth. "Supporting growing businesses as they work to strengthen our economy is a big priority for us at Amegy and our partnership with Pizza Inn demonstrates that." 

Amegy Bank of Texas, is one of the fastest growing banks in Texas. With assets of more than $11 billion, local decision making and a history of relationship banking, Amegy has the resources to serve leading Texas companies as a source of capital as well as provide efficient and effective treasury management, international and investment services. The Bank, with more than 80 locations in the state, specializes in small business banking as well as private financial management and trust services for families and individuals, and retail and mortgage banking services.

Pizza Inn is actively seeking new franchisees with a program designed to encourage new and existing franchise owners to invest in new Pizza Inn Buffet franchise locations. The program includes 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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs