Tootie Pie Aims to Compete in $350 Million Pie Industry
The Tootie Pie Company, Inc. [[TOOT.OB]] could be one of the sweetest companies in the stock market. The premium baker and seller of high-quality, handmade pies announced their first order in the Jackson, Mississippi area by Sysco Corporation. The move furthers the company’s goal to cover the entire South Eastern United States, who “know the value of a good pie”.
To syndicate this article, or for more information, please contact us online or call (406) 862-5400.
The frozen pie industry is a multi-million dollar industry. The top 10 providers of frozen pies generated some $350 million in sales in 2007 with industry leader Schwan accounting for about $201 million of that figure. Tootie Pie Company is working to build a regional presence in the South Eastern United States in order to compete in the largest parts of the pie market.
Tootie Pie Company incorporated in the State of Nevada in 2005 and purchased the rights, recipes, customer lists, and equipment of a sole proprietor in Medina, Texas for $50,000 cash and issued 600,000 shares of common stock valued at $150,000. The company manufactures, markets, and sells “high-end” pies through retail, corporate and wholesale channels.
Tootie Pie Company is not yet profitable, but has seen increasing sales over the past two years of operation. Meanwhile, the company reported $354,493 in cash and cash equivalents on its balance sheet with over $1.28 million in total assets. This compares to just $194,967 in current liabilities during the latest quarter, which makes for a decent financial condition overall.
CONTACT: 888-288-5215 · Please read our Full Disclaimer pertaining to this article.