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Photo Release -- Pie Five Pizza Co. Expands To Florida

Stocks in this article: PZZI

THE COLONY, Texas, March 25, 2013 (GLOBE NEWSWIRE) -- Pie Five Pizza Co., a subsidiary of Pizza Inn Holdings, Inc. (Nasdaq:PZZI), has awarded the first multi-unit franchise agreement in the state of Florida. The deal with one of Florida's most successful entrepreneurs, L. Gale Lemerand, will introduce the fast-casual brand that was named a 2012 Hot Concept of the Year winner by Nation's Restaurant News to the state with aggressive growth plans to develop 10 units across the Orlando, Gainesville, Melbourne and Daytona markets.

L. Gale Lemerand signs franchise agreement with Randy Gier,
Left to Right: Randy Gier, CEO, L. Gale Lemerand, Madison Jobe, Chief Development Officer

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=17785

"One of the hottest concepts in America is coming to Florida," said Randy Gier, CEO of Pie Five. "Pie Five is making a bold entry into the state with a great business leader, and soon local residents will get a taste of our award-winning pizza dining experience."

Lemerand is a sole owner or partner in 29 restaurants in Florida. They include 17 Stonewood Grill & Tavern restaurants, five Peach Valley Café locations, four Houligan's sports bars, as well as Perkins Family Restaurant and Bakery, a tapas restaurant called The Dish and Ormond Wine Company. He previously owned one of the country's largest insulation companies that he sold to a Fortune 200 company.

Also known as a prominent philanthropist, Lemerand is one of the biggest donors to the University of Florida where a scholarship fund, the street to Gator stadium, the athletic center, the football practice field and a number of other gifts bear his name.

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