SAN ANTONIO — Tootie Pie Company, Inc. (OTCQB: TOOT) announced that sales for February 2011 were up 19% versus February 2010. The Company also reported sales increases for sixteen months in a row.
“Our Tootie Pie Gourmet Cafés are the centerpiece of our accelerated growth plans, helping us off to a great start for the year,” said Don Merrill, President & CEO. “Whenever possible, we are acquiring existing, operating locations that will add significant revenue, as well as a solid customer base, from day one.”
“Our plan is to shift more sales into higher margin, retail sales and our Cafes play a huge role in that sales shift,” Merrill added. “For the first time in our Company’s history, retail sales, which include online and corporate, accounted for over 70% of our sales in a given month.”
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 customers through sales in its Tootie Pie Gourmet Cafés, 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 trading on the OTCQB market under the symbol “TOOT.” For additional information or to receive correspondence from Tootie Pie Company, please visit www.tootiepieco.com.
Forward-Looking Statements
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: Tootie Pie Company
