Pizza Inn Holdings Names Timothy Mullany as CFO

Former Smashburger executive brings wide-ranging expertise to international chain and rapidly growing fast-casual concept, Pie Five Pizza

DALLAS, April 30, 2014 /PRNewswire/ — Pizza Inn Holdings, Inc. (NASDAQ:
PZZI) announced today that it has hired Timothy Mullany to become the
company’s Chief Financial Officer, effective Monday, May 5.

Mullany comes to Pizza Inn Holdings after serving as the CFO of
Restaurants Unlimited, Inc., a Seattle-based company with approximately
$200 million in sales that owns and operates more than 20 full service
and fast casual brands, including Kincaid’s, Palomino and Henry’s Tavern,
across 11 states. During his tenure, Mullany was credited with improving
the company’s profitability, establishing new sales vehicles, instituting
performance-based management practices and guiding the growth of the
business.

“We searched long and hard to find a world-class CFO with expertise in
our hyper-competitive industry, and Tim absolutely fit the bill,” said
Randy Gier, Chief Executive Officer for Pizza Inn. “He will be an
integral member of our senior management team, with responsibilities
extending beyond those of a traditional CFO.  Tim’s experience in a
multi-branded company, where he balanced the needs of a strong legacy
brand and an emerging high-growth brand, is directly relevant to the
opportunities here. I couldn’t be more excited that Tim has joined our
team.”

Prior to joining Restaurants Unlimited, Mullany served as the Chief
Financial Officer for Smashburger and its parent company, Consumer
Capital Partners, during Smashburger’s explosive growth years.

“With the talented team that Randy has formed and the successful track
record of the entire company, I have no doubt that Pie Five will be the
next great success story in the fast-casual space and that Pizza Inn will
remain a popular destination for pizza lovers,” Mullany said.

Mullany obtained his MBA degree from Columbia Business School in New York
and graduated from Villanova University with a Bachelor of Science degree
in 1997.

At Pie Five, guests can choose from more than a million combinations of
handcrafted pizzas and a variety of specialty pie choices prepared in
less than five minutes on one of four crusts all for one low price. The
rapidly expanding chain is capitalizing on growing consumer demand for
fresh dining options and artisan pizzas in stylish environments without
the wait.

Pizza Inn is an international pizza chain featuring traditional and
specialty pizzas, as well as freshly made pastas, sandwiches and
desserts.

About Pizza Inn

Founded in 1958 and based in the Dallas suburb of The Colony, TX, Pizza
Inn Holdings, Inc. (NASDAQ: PZZI), is an owner, franchisor and supplier
of more than 275 restaurants operating domestically and internationally
under the brands “Pizza Inn” and “Pie Five Pizza Co.” Pizza Inn is an
international chain featuring traditional and specialty pizzas, freshly
made pastas, sandwiches and desserts. Pie Five Pizza is the leading brand
in the rapidly growing fast-casual pizza space, offering individual
handcrafted pizzas with fresh ingredients made to order in less than five
minutes. For more information, please visit www.pizzainn.com and
www.piefivepizza.com.