Tootie Pie Hires Investment Banker
SAN ANTONIO, Feb. 14, 2013 /PRNewswire/ -- Tootie Pie Company, Inc. (OTC: TOOT) announced that it has retained the services of MidTown Partners & Co, LLC, a New York City based investment banking firm.
"We are seeing a relatively sudden amount of outside direct investment interest in our Company," said Don Merrill, President & CEO. "As a result, we decided to engage one of those parties, MidTown Partners, to help us determine the best course of action to take Tootie Pie Company to the next level."
"We think the Tootie Pie Company is uniquely positioned as a brand that has definite scalability," said John R. Clarke, Managing Director. "We have clients who recognize what management has accomplished with Tootie Pie and are prepared to help them take the Company to the next level."
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 OTC markets under the symbol "TOOT." For additional information or to receive correspondence from Tootie Pie Company, please visit www.tootiepieco.com.
About Midtown Partners & Co, LLC.
Founded in 2004, Midtown Partners, has become a leading independent investment bank, providing mergers and acquisitions advisory (M&A), business valuation, strategic consulting services, and capital raising capabilities to lower middle market businesses. A strong team with proven track records; 100+ years of combined experience, raising in excess of $1 billion; ranked among Top 5 Most Active Placement Agents from 2004 to 2009 and raised in excess of $400 million for public and private companies from 2005-2012.
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.