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Article: Pizza Inn Announces Headquarters Construction Financing and New Operating Initiatives.
- Article from:
- PR Newswire
- Article date:
- December 30, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DALLAS, Dec. 29 /PRNewswire/ --
Pizza Inn, Inc. (Nasdaq: PZZI) announced that it has signed an agreement with its existing lender, Wells Fargo, providing $8.125 million of financing for the construction of the Company's new headquarters, training center and distribution facility in The Colony, just north of its existing corporate headquarters in Dallas. The Company expects to begin construction in early January 2001 and anticipates completion of the project in August.
Ronnie Parker, President of Pizza Inn, stated, "This centralization of our three corporate locations into one new facility should allow us to become more efficient, more effective, and ...