Pizza Inn Announces Multi-Unit Franchise Agreement in Palestine

Rhea-AI Summary

Pizza Inn has signed an international development agreement with Z.I.S. General Trading Company to open three new franchise locations in Palestine, starting with a store in Ramallah/Nablus projected to launch in March 2022. This three-year agreement includes options for additional stores. RAVE Restaurant Group's President expressed enthusiasm for this expansion, highlighting the importance of local operational expertise. Pizza Inn is recognized for its house-made dough and commitment to quality ingredients.

Positive

• International development agreement to open three new Pizza Inn locations in Palestine.
• First store expected to open in Ramallah/Nablus by March 2022.
• Agreement includes options for additional locations, indicating potential growth.

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• None.

DALLAS, Aug. 25, 2021 /PRNewswire/ -- Pizza Inn announced today it has executed an international development agreement with Principal Partners Mr. Ziad Suwan and Mr. Ibrahim Sawan of Z.I.S. General Trading Company, who will open three new locations in Palestine. The first store is projected to open in the city of Ramallah / Nablus in March of 2022. The three-year development agreement includes an option to open additional stores in new locations.

"We truly believe in the strength of Pizza Inn's brand and are committed to making Pizza Inn the 'Pizza Brand of Choice' in Palestine," said. Mr Ziad. "Guests will love Pizza Inn's house-made dough and fresh ingredients. We look forward to seeing these three locations open and become an important part of the communities they serve."

"RAVE is excited for Mr. Ziad and Mr. Ibrahim to help expand Pizza Inn's presence in Palestine. These new store openings will help Pizza Inn continue to expand its global footprint," says RAVE Restaurant Group's (NASDAQ: RAVE) President and CEO, Brandon Solano.

"Mr. Ziad and Mr. Ibrahim's industry experience and level of operational excellence will set up these three stores for great success," says Raja Joshi, RAVE Restaurant Group International Franchise Business Consultant. "These individuals are dedicated to the Pizza Inn brand and our team can't wait to see what their entire team achieves with the opening of these new locations."

Pizza Inn is known for its fresh, house-made pizza dough, high-quality ingredients, and exceptional service. The brand's original pizzas blend everyone's favorite ingredients to create craveable flavor combinations. Unlike its competitors, Pizza Inn's house-made pizza dough is made from scratch every morning in every store and is never frozen or made in a factory. 

For the restaurant nearest you, and more information on the entire menu, visit pizzainn.com. Franchising information can be found at pizzainn.com/franchise.

About Pizza Inn
Founded in 1958, Pizza Inn is an international pizza chain featuring traditional and specialty pizzas, as well as freshly made pastas, sandwiches, and desserts. Pizza Inn is a subsidiary of RAVE Restaurant Group, Inc. (NASDAQ: RAVE) based in Dallas. For more information, please visit pizzainn.com.

About RAVE Restaurant Group, Inc.
Dallas-based RAVE Restaurant Group [NASDAQ: RAVE] owns, operates, franchises and/or licenses Pie Five Pizza Co. and Pizza Inn restaurants and Pizza Inn Express kiosks domestically and internationally. Pizza Inn is an international chain featuring freshly made pizzas, along with salads, pastas, and desserts. Pie Five Pizza Co. is a leader in the rapidly growing fast-casual pizza space. Pizza Inn Express, or PIE, is developing unique opportunities to provide freshly made pizza from non-traditional outlets. The Company's common stock is listed on the Nasdaq Capital Market under the symbol "RAVE". For more information, please visit www.raverg.com.

Media Contact
Kelly Hoskinson
kelly@thepowergroup.com 
469.620.1055 ext. 1003

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SOURCE Pizza Inn

FAQ

What is the new development agreement for RAVE?

RAVE Restaurant Group has signed a franchise agreement to open three new Pizza Inn locations in Palestine.

When will the first Pizza Inn location open in Palestine?

The first Pizza Inn location is projected to open in Ramallah/Nablus in March 2022.

Who is involved in the new Pizza Inn locations in Palestine?

The agreement involves Mr. Ziad Suwan and Mr. Ibrahim Sawan from Z.I.S. General Trading Company.

How will the new Pizza Inn locations impact RAVE's business?

The new locations are expected to enhance Pizza Inn's global footprint and brand presence.