Form: 8-K

Current report filing

April 5, 2005

Published on April 5, 2005





P R E S S R E L E A S E

FOR IMMEDIATE RELEASE

PIZZA INN, INC. APPOINTS INDUSTRY VETERAN AS NEW PRESIDENT AND CHIEF EXECUTIVE
OFFICER

THE COLONY, TEXAS - MARCH 31, 2005- PIZZA INN, INC. (NASDAQ:PZZI) announced
today the appointment of Tim Taft as its new President and Chief Executive
Officer. He will assume his duties immediately.
Taft most recently served as President and Chief Operating Officer for
Whataburger, Inc., a 645 unit quick serve chain based in Corpus Christi, Texas.
While at Whataburger, he was largely credited with leading the regional brand's
turnaround that is now in its 47th consecutive quarter of same store sales
increases.

On the appointment of Taft as the company's President and CEO, Mark Schwarz,
Chairman of the Board of Pizza Inn, Inc., commented, "Tim is exactly what Pizza
Inn needs right now. He has clearly demonstrated his expertise in building a
brand by overcoming the same set of challenges that Pizza Inn faces today. Our
franchise partners, support team members and shareholders will welcome his
operational experience and leadership qualities. He shares our vision of a
strong and vibrant future for Pizza Inn."

Tim Taft, President and CEO of Pizza Inn, Inc. commented, "Pizza-Inn has all the
critical components a brand needs to be successful - a great product, loyal
customers and a dedicated group of employees and franchisees that are all
committed to making this once proud brand great again. Although much work lies
ahead, we have an opportunity to do something special here. It's time to get
started."

Pizza Inn, Inc. is headquartered in The Colony, Texas, along with its
distribution division, Norco Restaurant Services Company. Pizza Inn franchises
over 400 restaurants with annual chainwide sales of approximately $170 million.