SAN ANTONIO – Tootie Pie Company, Inc. (OTCBB:TOOT) will sell its
high-quality, handmade pies in the newest Tootie Pie Co. Gourmet Caf at The
Shops at Artisans Alley, a prestigious retail location with dozens of upscale
shops, located near several affluent neighborhoods in north central San Antonio.
Terms of the transaction were not disclosed.
Like its two other San Antonio cafs, The Shops at Artisans Alley location has
an established clientele and will sell Tootie Pie, coffee, bagels, gourmet
sandwiches, pastries and other comfort foods from 7 a.m. until 7 p.m. The newest
location will offer more of a tea house environment, complete with a High
Tea from 3-5 p.m. The Company is looking for two more existing locations in the
San Antonio area.
The Shops at Artisans Alley is a premier destination high end shopping center,
located right in the heart of our demographic, that has a proven ability to draw
a significant tourist clientele from all over the U.S., said Don Merrill,
Tootie Pie Companys President and CEO. We envision our customers enjoying
Tootie Pie in our Gourmet Cafs, and at home or the office by way of their local
grocery store or our website where ordering is easy.
Merrill says the Caf at Artisans Alley should fall right in line with the
companys 2010 revenue forecasts and long-term goals.
The previous tenant was generating strong sales in food and beverage and we
expect the same for our Gourmet Caf, Merrill said. Our third Cafs expected
revenue, combined with the other two existing Cafs, should enable us to achieve
our annual revenue goal of $3 million.
Merrill said 2009 proved to be a turning point year for Tootie Pie Company and
the Gourmet Cafs have helped increase higher margin retail sales and brand
awareness.
Our Tootie Pie Co. Gourmet Cafs serve as models of success for our continued
organic growth in foodservice and grocery sales, he 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 Companys 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.
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).
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