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

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| Source: Pizza Inn, Inc.
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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., 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 53rd 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

Media Contact:
Monica Feid
BizCom Associates
972-490-8053