(RAVE) Saddles up in San Antonio with Development Deal

Nation’s Leading Fast Casual Pizza Chain Signs Multi-Unit Agreement

DALLAS, Oct. 13, 2015  — Dallas-based Pie Five Pizza will be adding more locations to its roster with its latest multi-unit development agreement. Franchise partner, Umar Ibrahim, has signed on to build 8 to 10 Pie Five locations in the San Antonio area. The first location will open mid-2016.

“Pie Five is on fire in Dallas-Fort Worth and with similar demographics, I know it will do very well in the San Antonio market too,” said Umar Ibrahim, Pie Five’s San Antonio franchise partner. “I really did my homework on the fast casual pizza segment and found that Pie Five offered a value and service proposition that was hard to beat.”

At Pie Five, guests can choose from more than a million combinations of farm fresh ingredients, artisan sauces and handcrafted crust variety. Pies bake in just 140 seconds in a custom-designed, state-of-the-art oven. By the time the guest arrives at the register, their hot, bubbly, pizza perfection is ready. Additionally, they can add one of Pie Five’s freshly-tossed hand-made salads served in a baked pizza dough bowl or a decadent home-baked brownie or cookie pie to their meal. The rapidly expanding chain is capitalizing on growing consumer demand for personalized, fresh dining options.

“Umar is a great addition to our franchise team bringing extensive restaurant operations experience to our brand – we’re thrilled to have him on board to develop the South Central Texas area,” said Randy Gier, Chief Eating Officer of Rave Restaurant Group, Inc. “We know Texans love Pie Five and the communities in and around San Antonio will appreciate having a fast, fresh, customized pizza option to enjoy with friends and family.”

Pie Five has grown from one location to 69 nationally in less than four years. In the last month, Pie Five has announced multi-unit development deals for new locations in North Carolina and South Florida. Pie Five opened its first location in Fort Worth in 2011 and has since expanded around the state in Dallas-Fort Worth and Houston. Locations in Austin and Lubbock will open in the coming months.

ABOUT PIE FIVE PIZZA CO.

Dallas-based Pie Five Pizza Co. is a subsidiary of RAVE Restaurant Group, Inc. (NASDAQ: RAVE). RAVE owns, franchises and supplies more than 300 Pie Five and Pizza Inn restaurants operating domestically and internationally. Pie Five Pizza Co. 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. Named among Fast Casual’s Top “Movers & Shakers” for three consecutive years, 2015 “Best Franchise Deal” by QSR Magazine, 2012 Hot Concepts winner by Nation’s Restaurant News and one of “10 Hot New Restaurant Chains from Established Brands” by Forbes.com, the company currently has 70 locations in 18 states and the District of Columbia. For more information, please visit PieFivePizza.com.

Contact: Shannon Raymond, MWW
214-537-4335; sraymond@mww.com