IRVINE, Calif., Feb. 22, 2010 (GLOBE NEWSWIRE) — SectorWatch.biz announces the availability of a commentary of interest to investors in Tootie Pie Company, Inc. (OTCBB:TOOT) and other foodservice-related equities making news and driving markets today. Investors can view our free commentaries at: www.SectorWatch.biz – in association with FiSpace.net, a dynamic social networking site for investors.
It takes an unwavering focus on the bottom line to successfully navigate the troubled waters of the current economy. But the potential rewards are within reach for companies that are willing to make the tough decisions.
Such is the case for Tootie Pie Company, Inc., a premium baker and seller of high-quality, handmade pies, which recently reported a net profit of $29,771 on revenues of $910,837 for the period ending December 31, 2009, versus a net loss of $30,618 on revenues of $909,741 for the same period in 2008; a $60,389 or 6.6% improvement to the bottom line.
Cost-cutting measures instituted early last year helped produce the positive results. In the news release, Tootie Pie president Don Merrill said, “We improved our bottom line results, swinging from a loss to a profit; which coupled with an increase in unit sales, produced the best overall quarter in the Company’s history.”
A fact sheet on Tootie Pie Company, Inc. is available here: http://www.smallcapvoice.com/toot/index.php
Tootie Pie Company bakes and sells high-quality, handmade pies through three basic sales channels: retail, corporate and wholesale. The retail segment serves individual consumers through in-store sales, orders via telephone and internet on the Company’s website. The corporate segment serves businesses that purchase pies as a way to promote their company through client and employee appreciation programs. The wholesale segment is made up of national and regional broad line grocery and foodservice distributors who purchase pies and then resell them through their respective sales distribution channels. Visit Tootie Pie on the web: www.tootiepieco.com
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Source: GlobeNewswire (February 22, 2010 – 9:04 AM EST)