Industry News | December 14, 2007

Pizza Inn Names New CEO

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Pizza Inn Inc. (Nasdaq: PZZI - News) announced the appointment of Charlie Morrison as its new President and CEO. Morrison has been serving as the company's Interim President and CEO and CFO since August 15, 2007.

Prior to joining Pizza Inn as its CFO in January 2007, Morrison served as President for Steak and Ale and The Tavern Restaurants. Prior to that, he served as Vice President of Finance for Kinko's, Inc.

Mark Schwarz, Chairman of the Board of Pizza Inn, states, "Over the last several months, Charlie has clearly demonstrated his ability to lead the Pizza Inn brand. By continuing to work closely with the board of directors, our franchise partners and the company's management team, I am confident that he will provide the organization with the strategic leadership needed to maximize Pizza Inn's long-term potential."

Morrison says, "I am extremely excited about the opportunities that exist at Pizza Inn. The company is in a strong and stable financial position and poised for growth. In recent quarters we have established a great deal of momentum, specifically in the areas of comparable store sales increases, earnings improvements, the openings of three new domestic buffets within the last two weeks, and the signing of a multiunit agreement in our international division last month."