Tootie Pie Company, Inc. (OTCBB:TOOT)
If You Bake It They Will Come or What Works in Texas Works Nationwide
Tootie Pie’s business model works. Period. It’s been proven and in relatively short time. The business plan is uncomplicated, simple and straight forward and relies on incredibly sound business practices.
First: Tootie Pie is well capitalized. That’s a fact.
Tootie Pie Company was capitalized with approximately $1.3 million in private equity funding and then brought public. With a current float of approximately four million shares and utilizing a cash valuation calculation, TOOT could be very attractive, from an acquisition standpoint.
Second: Tootie Pie sells a product for which this is a proven need – premium high quality pies. That’s a fact.
Most recent example: Tootie Pie received its largest single order in history from one of its primary food distributors, Ben E Keith, whose Amarillo, Texas division ordered in excess of 1,800 pies. This sale contributed to a record total in excess of 9,000 pies sold for the three months ending in June, making this three month period the largest three month sales total since the holiday season, which runs October through December.
Third: Tootie Pie has aligned itself with the most successful wholesale food distributors in the country – bar none. That’s a fact.
Tootie Pies are now stocked by Ben E. Keith in their Dallas/Fort Worth, TX, Albuquerque, NM, and Oklahoma City, OK, and Amarillo, TX divisions; servicing additional markets in Louisiana, New Mexico, Kansas and Missouri. Current distributors are Ben E. Keith Foodservices, Sysco Foodservices and US Foods which is a nationwide wholesaler.
Fourth: Tootie Pie is acutely aware of cash flow and have exploited that to their advantage. That’s a fact.
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 provide 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. In most cases Tootie Pie can sell their pies before they are obligated to pay for their ingredients. That’s a cash flow dream.
Fifth: Tootie Pie can handle growth. That’s a fact.
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.
Growth is here – That’s a fact!
Source: 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.
