Tootie Pie Company Directors Up Stake in Company
SAN ANTONIO, March 27, 2012 /PRNewswire/ -- Tootie Pie Company, Inc. (OTCQB: TOOT) is pleased to announce that all five members of its Board of Directors increased their individual investment in Tootie Pie Company, the Company reported in a filing with the US Securities and Exchange Commission on Form 8K dated March 26, 2012.
"We are all pleased with the direction the Company is going, especially with our Tootie Pie Gourmet Cafes," said David Strolle, Board Member/Secretary. "We are expressing our support by increasing our individual investments in the Company."
The Company recently announced the opening of its sixth Tootie Pie Gourmet Cafe, located at the Village at Westlake Shopping Center: 701 Capitol of Texas Highway and Bee Caves Road in Austin, TX.
About Tootie Pie Co.
Tootie Pie Company bakes and sells high-quality, handmade pies through three basic sales channels: retail, corporate and wholesale. The retail segment serves individual customers through sales in its Tootie Pie Gourmet Cafes, 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 national and regional broad line grocery and foodservice distributors who purchase pies and then resell them through their respective sales distribution channels. Tootie Pie Company is a public company traded on the OTCQB market under the symbol "TOOT." For additional information or to receive correspondence from Tootie Pie Company, please visit www.tootiepieco.com.
This press release may contain forward-looking statements. 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).
SOURCE Tootie Pie Company, Inc.