Tootie Pie Company, Inc.
You are known by the company you keep and Tootie Pie is keeping very good company!!!
View the StockGuru Profile for Tootie Pie
You are known by the company you keep and Tootie Pie is keeping very good company!!!
The Ben E. Keith Marketing Agreement moves Tootie Pie into the world of high pie visibility.
South Texas is pie country! This area is home to down home cooking, barbecue and Mexican food!
It’s also the home of Tootie Pie and Ben E. Keith of San Antonio, which covers the South Texas, Austin and Houston areas.
If Tootie Pie can be judged by the company it keeps, then it is in the very best of company – and this bodes very well for its future.
Ben E. Keith is an established food wholesaler, and premiere Texas restaurants not only look to Ben E. Keith for their restaurant needs, they honor them for their quality! Ben E. Keith has been a Brinker vendor for 16 years. Brinker restaurants recently honored Ben E. Keith as supplier of the year! Ben E. Keith was selected from a pool of more than 700 vendors that provide thousands of products to Brinker and its four restaurant brands: Chili’s Grill & Bar, Romano’s Macaroni Grill, Maggiano’s Little Italy, and On The Border Mexican Grill & Cantina.
Ben E. Keith distributes frozen, refrigerated and dry foods to restaurants in Texas, Oklahoma, New Mexico, Arkansas, Louisiana, Missouri and Kansas. Ben E. Keith is in a growth mode as well! Their new West Texas Division with a new $40 million warehouse east of Amarillo will bolster the company’s ability to ship its products throughout the state and region.
This new warehouse will allow Ben E. Keith to expand their product line and service larger customers — with Tootie Pies! Ben E. Keith uses state-of-the-art computer technology to track products throughout the facility.
But, best of all, Ben E. Keith’s new facility even incorporates a fully equipped kitchen where vendors can give the company’s new products a taste test and Tootie Pies are delicious and sure to please. The kitchen helps the company keep its vendors aware of new product lines and try them out.
Tootie Pie Company was capitalized with approximately $1.3 million in private equity and brought public via the filing of an SB-2 registration with the US Securities Exchange Commission, without relying on reverse mergers – the Company has only one class of common stock held by all shareholders (including management). With a current float of approximately four million shares and utilizing a cash valuation calculation, TOOT could be very attractive, from an acquisition standpoint.
Tootie Pie Company leased a 5,000 square foot facility in an industrial park in Boerne, Texas, and commenced operations in that location in November 2005. This facility consists of a retail store, administrative offices, their manufacturing facility and a loading dock with room for expansion.
Their current location provides commercial trucking access and has available land to expand, as well as a willing and agreeable landlord. The site also has the required large truck loading docks and provides easy access to IH 10, one of the largest commercial trucking highways in the US.
Expansion plans are enhanced by existing leased facilities which can accommodate expansion or provide for other nearby growth alternatives. The Company’s business model embraces a stair step growth strategy, which targets growth opportunities and avoids “growth for growth’s sake”.
Cash Flow Maximization Built Into Business Model
In terms of cash flow, the Tootie Pie Company is able to make and sell their pies before obligations are due for ingredients, which maximizes cash flow. Sales to their wholesale distributors provides a positive cash flow cycle for payment, and Tootie Pie invoices their wholesale distributors when they pick up the pies at Tootie Pie’s docks; with typical terms being net amount due in fourteen days.
They have a solid financial foundation and facilities that can accommodate growth. Tootie has strong relationships with the three dominant food wholesalers and a quality product.
Tootie Pie Company, Inc.
129 Industrial Drive
Boerne, TX 78006
Phone: (210) 737-6600
Fax: (210) 237-4750
Website: www.tootiepieco.com
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Forward Looking Statement: This release contains “forward-looking statements” based on current expectations but involving known and unknown risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. The Company’s plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions, its ability to consummate, and the timing of, acquisitions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company’s control. Therefore, there can be no assurance that any forward-looking statement will prove to be accurate. The Company makes no undertaking to update such forward-looking statements. Except for the historical information contained herein, the matters discussed in this release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See filings with the Securities and Exchange Commission, including, without limitation, recently filed Form 10-KSB and 10-QSB.