THE COLONY, Texas, July 30, 2012 (GLOBE NEWSWIRE) -- No matter how you
slice it, the biggest national honor for a new restaurant now belongs
to Pie Five Pizza Co.

Pie Five Pizza Co., a division of Pizza Inn Holdings, Inc.
(Nasdaq:PZZI), has been named a 2012 Hot Concepts! Award winner by
Nation's Restaurant News. The prestigious title that champions the best
in innovation, rapid emergence and consumer appeal today includes the
overwhelming success that Pie Five has accomplished in record time.

"This is an incredible honor, and it supports everything that we
envisioned when we launched Pie Five last summer," said Clinton J.
Coleman, interim CEO of Pizza Inn Holdings. "Pie Five was created to
shake up the fast-casual dining landscape by introducing a new
experience in custom-made, hand-crafted pizza. The reaction from
consumers and industry leaders has been tremendous, and this national
recognition from NRN validates a lot of hard work from a tremendous
team that has turned a great idea into a sensational reality."

Pie Five has grown to six corporate-owned locations in its first year,
with a seventh restaurant under construction and more under
development. As expansion continues Pie Five has announced plans to
franchise and is targeting the top 75 MSAs for development through
multi-unit franchise agreements.

The fast-casual concept features an industrial chic design aimed at
upscale neighborhoods and offers more than five million combinations of
fresh, made-to--order, customized individual pizzas. The Pie Five menu
gives customers the option of choosing any sauce and topping
combination or selecting from a variety of specialty pies on the menu,
all assembled before them on a 9-inch Crispy Thin or Classic Pan crust
made fresh from scratch daily, baked and ready to eat in less than five
minutes.

Pie Five will be honored at the Hot Concepts! Award Presentation and
Panel Discussion during the 53rd Annual MUFSO conference on Sunday,
Sept. 30, from 4:30 -- 5:30 p.m. at the Hilton Anatole Hotel in Dallas.
That will be followed by "A Taste of What's Hot: Hot Concepts!
Celebration Reception" where all Hot Concepts! winners will serve a
signature dish to attendees.

A complete menu and more information on Pie Five(TM) restaurants is
available at www.piefivepizza.com. The company is also on Facebook
(http://www.facebook.com/PieFivePizza) and Twitter
(http://twitter.com/PieFivePizza).

About Pie Five Pizza Co.:

Pie Five Pizza Co. is a subsidiary of Pizza Inn Holdings, Inc.
Headquartered in the Dallas suburb of The Colony, Texas, Pizza Inn
Holdings also oversees Pizza Inn, Inc., an international pizza chain
with restaurants featuring traditional and specialty pizzas, as well as
freshly made pastas, sandwiches, and desserts. Founded in 1958,
publicly-traded Pizza Inn Holdings, Inc. (Nasdaq:PZZI) franchises
approximately 300 restaurants and directly owns and operates 10
restaurants. More information is available at www.pizzainn.com.

The Pie Five Pizza Co. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10593

The Hot Concepts! logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=13841


CONTACT: Media Contact:
         Monica Feid
         BizCom Associates
         972-490-8053
         monicafeid@bizcompr.com