Published on December 9, 2002
P R E S S R E L E A S E
FOR IMMEDIATE RELEASE
PIZZA INN, INC. COLLECTS NOTE RECEIVABLE PAYMENT
DALLAS, TEXAS-DECEMBER 9, 2002--PIZZA INN, INC. (NASDAQ:PZZI) today announced
that it has received payment in full for a note receivable owed to the Company
from the Company's former Chief Executive Officer. The Company had previously
recorded a pre-tax charge of approximately $1.9 million in the fourth quarter of
fiscal 2002 to fully reserve for the possible nonpayment by Mr. Rogers. This
reserve will be reversed for the quarter ending December 29, 2002.
P R E S S R E L E A S E
Pizza Inn, Inc. For more information contact:
3551 Plano Parkway Ronald W. Parker
The Colony, TX 75056 President & Chief Executive Officer
(469) 384-5000