Pizza Inn, Inc. (PZZI) Announces New Development Agreement
Pizza Inn, Inc. recently announced a development agreement with one of its existing licensees to open an additional 44 Pizza Inn locations in Saudi Arabia over the next 5 years. The company said that this would bring its locations in the Middle East to over 100. Pizza Inn, Inc. signed the development agreement with United Food Company, a subsidiary of the Abdullah Abunayyan Group. United Food Company also controls the licensee rights to open Pizza Inn locations in Oman, Qatar, Bahrain, the United Arab Emirates, and other undisclosed countries throughput the Middle East and North Africa. Charlie Morrison, the CEO…