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Say Cheese, Richmond: Pie Five Pizza Is Coming!

Stocks in this article: PZZI

DALLAS, July 9, 2013 (GLOBE NEWSWIRE) -- Jeff and Deborah Percey know how to pick a winner. They were among the first franchisees of Five Guys Burgers and Fries, and over the past decade they have earned several awards and accolades for their contributions to the growth of that fast-growing chain.

Now they've identified Pie Five Pizza as "the next big thing."

Pie Five Pizza Co., a subsidiary of Pizza Inn Holdings, Inc. (Nasdaq:PZZI), announced today that it has awarded up to eight franchise units to the Perceys, who will introduce the leading brand in the rapidly growing fast-casual pizza space to the Richmond, VA, market.

"We searched extensively for another exciting concept where we could replicate the success we have had with Five Guys, and we are extremely impressed with Pie Five's business model," said Percey. "The simplicity of their operations, the consistency of their product and their seasoned management team all add up to a winning formula. We've become big fans of Pie Five, and we know our friends in Richmond will soon be fans as well."

Pie Five has been named a 2013 Top 50 Restaurant Brand of the Year, a 2012 Hot Concepts winner by Nation's Restaurant News and one of "10 Hot New Restaurant Chains from Established Brands" by Forbes.com.

"When a successful franchise team like the Perceys say they want in on your concept, you know you're onto something special," said Madison Jobe, chief development officer for Pie Five. "We couldn't ask for better partners to lead Pie Five into the Richmond market, and we look forward to the ideas they will surely bring back to us that will contribute even further to our growth across the country."

Prior to becoming a Five Guys franchisee, Jeff Percey was Director of Franchise Development at Fransmart, Inc., where he represented young restaurant brands seeking to expand nationally and learned the inner workings of several successful franchise concepts.  His immersion in real estate analysis, contract negotiations, infrastructure development, training and vendor relationships, to name a few, positioned him well for his move into the franchising arena.

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