Pie Five Pizza Co. Awards First Two Franchise Development Agreements

Pie Five Pizza Co. Awards First Two Franchise Development Agreements

Concept Announces Multi-Unit Deals for 18 Locations in Two States

THE COLONY, Texas, Nov. 12, 2012 (GLOBE NEWSWIRE) -- Pie Five Pizza Co. a
subsidiary of Pizza Inn Holdings, Inc. (Nasdaq:PZZI), announced today that it
has awarded its first two franchise development agreements and will introduce
its fast-casual custom pizza concept in Utah and North Carolina.

Pie Five awarded two multi-unit franchise development agreements with rights
to open and operate up to 18 locations across Utah and in Charlotte, N.C.
Development will begin in 2013 as Pie Five continues to expand the
award-winning chain through corporate-owned locations and franchise
development in major markets.

"We're extremely excited to announce our first two franchise agreements with
experienced multi-unit restaurant operators," said Madison Jobe, chief
development officer. "We've built a strong network of eight company-owned
stores to prove the business model works, and now we're ready to take
fast-casual pizza to a whole new level. While we will continue to develop
company-owned locations, we are ready to partner with franchisees to expand
this incredible concept on a large scale and grow our fan base exponentially.

"Pie Five will also continue to build its infrastructure to support the
increasing number of company-owned and franchised locations as we share this
revolutionary concept with a growing audience of loyal customers," Jobe added.

Pie Five was recently named by Nation's Restaurant News as a 2012 Hot Concept
award winner. Guests can choose from more than a million combinations of fresh
made-to-order pizzas and a variety of specialty pie choices prepared in less
than five minutes on a Crispy Thin, Classic Pan, Italian Herb Thin or Gluten
Free Crust.

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 under the trademarks "Pizza Inn" and "Pie Five Pizza Co."
Pizza Inn is an international pizza chain featuring traditional and specialty
pizzas, as well as freshly made pastas, sandwiches, and desserts. Pie Five
Pizza Co. is a new 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 12 restaurants. For more
information, please visit www.pizzainn.com.

The Pie Five Pizza Co. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=14362

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

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