Tootie Pie Company, Inc. (OTCBB: TOOT)
Solid Capitalization and Room for Growth!
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 growths 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.
Tootie Pie Company management has demonstrated a solid commitment to their business plan; which focuses on providing a superior product through three basic sales channels: retail, corporate and wholesale. The Company has been successful at generating impressive sales through successful wholesale foodservice companies in a high growth region of the United States by offering superior products, backed by an equally impressive marketing strategy. This strategy helps the end user recognize the “value added” benefit of providing their customers with a superior desert, coupled with a solid brand and marketing materials.
They have a solid financial foundation and facilities that can accommodate growth. Tootie has strong relationships with the three dominant food wholesalers and an quality product.
They are ready to face growth.
View the StockGuru Profile for Tootie Pie
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.