BOERNE, Texas–(BUSINESS WIRE)–The Tootie Pie Company, Inc. (OTCBB:TOOT – News), a premium baker and seller of high-quality, handmade pies, announced today that it sold in excess of 4,700 pies for the month of October, 2007. This is approximately a 180% increase over the 1,700 plus pies sold in October of 2006.
These improved results were driven by a high number of repeat sales to existing customers, as well as continued growth of new customers in our current wholesale market area of ten states and 12 distribution centers (versus 4 this time last year). We are also beginning to see impressive results stemming from our recent emphasis on sales to multi-unit chains (10-20 locations).
Don Merrill, Tootie Pie Company’s President & CEO commented, “October marks the beginning of our big holiday season. We continue to experience dramatic growth across all sales channels; with our efforts to reach multi-unit chains beginning to bear fruit on the wholesale front. We are seeing impressive growth in our corporate and retail sales channels as well; as we continue to maximize existing corporate customer relationships and add new retailers like Neiman Marcus and Rice Epicurean for whole pie sales.”
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 regional and national broad-line foodservice distributors who purchase pies and then resell them to their customers. For additional information, or to receive emails from us, please visit www.tootiepieco.com.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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).
Contact:
Tootie Pie Company, Boerne
Jeff Bailey, 210-237-4751
VP of Corporate Development
Jeff.Bailey@tootiepieco.com
Source: Tootie Pie Company
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