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Pie Five Pizza Makes Bold Move Into Midwest

Stocks in this article: PZZI

In just over three decades, Mike Simmonds built Simmonds Restaurant Management from a single Burger King franchise in Fremont, NE, to more than 90 restaurants in three brands that produced annual revenue of $125 million. He sold his Burger King and Taco Johns restaurants in 2008, and finally his 12 Jimmy Johns restaurants were sold earlier this year.

"I love, and already miss, the restaurant business. So after embarking on much research, I have landed on the Pie Five concept. Their products and service concept are terrific and, very importantly, their leadership team is outstanding," said Simmonds. "Pie Five is one of the hottest brands in the fast-casual category because they've developed a brilliant formula grounded in high-quality ingredients, made-to-order service, exceptional value and absolute consistency that is extremely rare in today's marketplace. I'm thrilled to bring Pie Five to Omaha and Lincoln, where I believe it will become an overnight sensation."

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.

At Pie Five, guests can choose from more than a million combinations of handcrafted pizzas and a variety of specialty pie choices prepared in less than five minutes on one of four crusts.  The rapidly growing chain is capitalizing on growing consumer demand for fresh dining options and artisan pizzas in stylish environments without the wait.

Pie Five currently has 10 locations in Texas and one location in Utah. The addition of the Omaha, Tulsa and Wichita markets brings the total announced franchise restaurants under contract to 85 in Florida, Kansas, Missouri, Nebraska, Oklahoma, North Carolina, Florida, Texas, Utah and Virginia.

Both Stevens and Simmonds project their first units to open in the next six months.

ABOUT PIE FIVE PIZZA CO.

Pie Five is a subsidiary of Pizza Inn Holdings, Inc., headquartered in the Dallas suburb of The Colony, Texas. Pizza Inn Holdings, Inc. is an owner, franchisor and supplier of a system of restaurants operating domestically and internationally. Pie Five Pizza Co. is a fast-casual concept offering individual pizzas made to order and cooked in less than five minutes. Founded in 1958, publicly traded Pizza Inn Holdings, Inc. (Nasdaq:PZZI) franchises approximately 300 restaurants and directly owns and operates 14 restaurants. For more information, please visit www.piefivepizza.com .

CONTACT: Ladd Biro, Champion Management
         972.930.9933; lbiro@championmgt.com

Pie Five

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