Mar. 30, 2010 (Business Wire) — Tootie Pie Company, Inc. (OTCBB:TOOT) announced today that is has cancelled plans to open a Tootie Pie Gourmet Café at Artisans Alley, due to difficulties coming to suitable final terms.
“Both sides worked very hard on this project and we are disappointed that there will be no Tootie Pie Gourmet Café at Artisans Alley,” said Don Merrill, Tootie Pie Company’s President and CEO.
“We will continue our search for more locations in the San Antonio area. Of course, customers will go on enjoying Tootie Pie at our two Gourmet Cafés; located at the corner of Huebner and Bitters, as well as 2339 Evans Road off of 281 North,” Merrill added.
About Tootie Pie Co.
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. Tootie Pie Company is a public company traded on the NASDAQ OTC market under the symbol “TOOT.” For additional information or to receive correspondence from Tootie Pie Company, please visit www.tootiepieco.com.
This press release may contain forward-looking statements. The words “believe,” “expect,” “should,” “intend,” “estimate,” and “projects,” variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company’s current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company’s filings, which are on file with the U.S. Securities and Exchange Commission (SEC).
Source: Business Wire (March 30, 2010 – 2:41 PM EDT)