Pie Five Pizza Co. Named 2012 Hot Concepts! Award Winner by Nation's Restaurant News

Pie Five Pizza Co. Named 2012 Hot Concepts! Award Winner by Nation's
Restaurant News

THE COLONY, Texas, July 30, 2012 (GLOBE NEWSWIRE) -- No matter how you slice
it, the biggest national honor for a new restaurant now belongs to Pie Five
Pizza Co.

Pie Five Pizza Co. Logo

Hot Concepts! Logo

Pie Five Pizza Co., a division of Pizza Inn Holdings, Inc. (Nasdaq:PZZI), has
been named a 2012 Hot Concepts! Award winner by Nation's Restaurant News. The
prestigious title that champions the best in innovation, rapid emergence and
consumer appeal today includes the overwhelming success that Pie Five has
accomplished in record time.

"This is an incredible honor, and it supports everything that we envisioned
when we launched Pie Five last summer," said Clinton J. Coleman, interim CEO
of Pizza Inn Holdings. "Pie Five was created to shake up the fast-casual
dining landscape by introducing a new experience in custom-made, hand-crafted
pizza. The reaction from consumers and industry leaders has been tremendous,
and this national recognition from NRN validates a lot of hard work from a
tremendous team that has turned a great idea into a sensational reality."

Pie Five has grown to six corporate-owned locations in its first year, with a
seventh restaurant under construction and more under development. As expansion
continues Pie Five has announced plans to franchise and is targeting the top
75 MSAs for development through multi-unit franchise agreements.

The fast-casual concept features an industrial chic design aimed at upscale
neighborhoods and offers more than five million combinations of fresh,
made-to–order, customized individual pizzas. The Pie Five menu gives customers
the option of choosing any sauce and topping combination or selecting from a
variety of specialty pies on the menu, all assembled before them on a 9-inch
Crispy Thin or Classic Pan crust made fresh from scratch daily, baked and
ready to eat in less than five minutes.

Pie Five will be honored at the Hot Concepts! Award Presentation and Panel
Discussion during the 53^rd Annual MUFSO conference on Sunday, Sept. 30, from
4:30 – 5:30 p.m. at the Hilton Anatole Hotel in Dallas. That will be followed
by "A Taste of What's Hot: Hot Concepts! Celebration Reception" where all Hot
Concepts! winners will serve a signature dish to attendees.

A complete menu and more information on Pie Five™ restaurants is available at
www.piefivepizza.com. The company is also on Facebook
(http://www.facebook.com/PieFivePizza) and Twitter
(http://twitter.com/PieFivePizza).

About Pie Five Pizza Co.:

Pie Five Pizza Co. is a subsidiary of Pizza Inn Holdings, Inc. Headquartered
in the Dallas suburb of The Colony, Texas, Pizza Inn Holdings also oversees
Pizza Inn, Inc., an international pizza chain with restaurants featuring
traditional and specialty pizzas, as well as freshly made pastas, sandwiches,
and desserts. Founded in 1958, publicly-traded Pizza Inn Holdings, Inc.
(Nasdaq:PZZI) franchises approximately 300 restaurants and directly owns and
operates 10 restaurants. More information is available at www.pizzainn.com.

The Pie Five Pizza Co. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10593

The Hot Concepts! logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=13841

CONTACT: Media Contact:
         Monica Feid
         BizCom Associates
         972-490-8053
         monicafeid@bizcompr.com

Pizza Inn, Inc. Logo