Pizza Inn announces stock repurchase plan
May 23, 2007
THE COLONY, Texas — The board of directors of Pizza Inn Inc. has authorized a stock repurchase plan whereby the company may repurchase up to 10 percent of its currently outstanding common stock, equivalent to 1,016,000 shares.
The shares may be repurchased from time-to-time in the open market or through privately negotiated transactions at such prices deemed appropriate by the board. The stock repurchase plan will be funded primarily through the company's available working capital.