How's this for a funny name ...
Tootie Pie Company, Inc. Begins Trading on the OTC Bulletin Board
4/9/2007
BOERNE, Texas, Apr 09, 2007 (BUSINESS WIRE) --
Tootie Pie Company, Inc., a Texas-based baker and seller of high-quality handmade pies, has initiated trading of its common stock on the NASD Over the Counter Bulletin Board (OTCBB:TOOT) under the symbol "TOOT." The stock traded 74,265 shares in its first day of trading and closed at $0.99 per share.
"As customer demand for our pies continues to grow, being a public company will allow us access to the capital markets where we can expect to attract the capital we need to continue our dramatic sales growth, expand our baking facilities and enhance shareholder value," said Don Merrill, President & CEO of Tootie Pie Company, Inc.
About Tootie Pie Company
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 orders on our website. Our corporate segment serves businesses that purchase our pies as a way to promote their company through customer and employee appreciation programs. Our pies are shipped to our retail and corporate customers via third party carriers (Fed Ex, UPS) all over the United States. The wholesale segment is made up of regional and national broad-line foodservice distributors who purchase our pies and then resell them to their customers. As of December 31, 2006, our primary distributors are Ben E. Keith Foodservices and Sysco Foodservices. These distributors have primarily sold to the central and south Texas markets, although sales are beginning to occur in other markets in Texas and the surrounding states. For additional information please visit our website at 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 Form SB-2, which is on file with, and was declared effective by, the U.S. Securities and Exchange Commission (SEC) on January 8, 2007.
SOURCE: Tootie Pie Company, Inc.
Tootie Pie Company, Inc. Jeff Bailey, VP of Corporate Development, 210-237-4751 investorinfo@tootiepieco.com
Copyright Business Wire 2007
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