Pizza Inn Holdings, Inc. Files Form S-3
THE COLONY, Texas, May 3, 2013 (GLOBE NEWSWIRE) -- Pizza Inn Holdings, Inc.
(Nasdaq:PZZI) (the "Company") today announced that it has filed a shelf
registration statement on Form S-3 with the Securities and Exchange
Commission. The shelf registration statement, if and when declared effective,
will permit the Company, from time to time, to offer and sell up to $3.0
million of its common stock in one or more public offerings, subject to market
conditions and the capital requirements of the Company.All of the common
stock subject to the registration statement is solely for offer and sale by
the Company.There are no selling stockholders.
The Company currently anticipates that the net proceeds from any sale of its
common stock under the shelf registration will be used primarily to continue
developing new Company-owned Pie Five restaurants in the Dallas - Fort Worth
metropolitan area and to initiate the development of new Company-owned Pie
Five restaurants in other metropolitan markets.The Company also may use net
proceeds from any sale of its common stock under the shelf registration for
other working capital and general corporate purposes.
A registration statement relating to these securities has been filed with the
Securities and Exchange Commission but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state in which such offer,
solicitation, or sale would be unlawful prior to registration or qualification
under the securities laws of any such state.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release, other than historical information,
may be considered forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, and are intended to be covered by
the safe harbors created thereby. These forward-looking statements are based
on current expectations that involve numerous risks, uncertainties and
assumptions. Assumptions relating to these forward-looking statements involve
judgments with respect to, among other things, future economic, competitive
and market conditions, regulatory framework and future business decisions, all
of which are difficult or impossible to predict accurately and many of which
are beyond the control of the Company. Although the assumptions underlying
these forward-looking statements are believed to be reasonable, any of the
assumptions could be inaccurate and, therefore, there can be no assurance that
any forward-looking statements will prove to be accurate. In light of the
significant uncertainties inherent in these forward-looking statements, the
inclusion of such information should not be regarded as a representation that
the objectives and plans of the Company will be achieved.
About Pizza Inn Holdings, Inc.
Headquartered in the Dallas suburb of The Colony, TX, 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 fast-casual concept offering individual
pizzas made to order and cooked in less than five minutes. Founded in 1958,
the Company owns and franchises approximately 300 restaurants. The Company's
common stock is listed on the Nasdaq Capital Market under the symbol "PZZI".
For more information, please visit www.pizzainn.com .
CONTACT: Jerome L. Trojan III,
Chief Financial Officer
Pizza Inn Holdings, Inc.
3551 Plano Parkway
The Colony, Texas 75056
Telephone: (469) 384-5000
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