SAN ANTONIO, April 17, 2012 /PRNewswire/ -- Tootie Pie
Company, Inc. (OTCQB: TOOT) announced that it secured a
$1 million credit line with TCA
Global Credit Master Fund. The proceeds will be used as "working
capital" to fund expansion of the Company's Tootie Pie Gourmet Cafe
locations.
"Part of our aggressive growth strategy calls for us to acquire
existing Cafe locations that may become available, sometimes on
short notice," said Don Merrill,
President & CEO. "Being able to tap into this credit line will
allow us to take advantage of these opportunities as they
arise."
The Company currently owns and operates six Tootie Pie Gourmet
Cafes in San Antonio, Austin, Fredericksburg and Dallas (Frisco), TX.
About Tootie Pie Co.
Tootie Pie Company bakes and sells high-quality, handmade pies
through three basic sales channels: retail, corporate and
wholesale. The retail segment serves individual customers
through sales in its Tootie Pie Gourmet Cafes, in-store sales,
orders via telephone and internet on the Company's website.
The corporate segment serves businesses that purchase pies as a way
to promote their company through client and employee appreciation
programs. The wholesale segment is made up of national and
regional broad line grocery and foodservice distributors who
purchase pies and then resell them through their respective sales
distribution channels. Tootie Pie Company is a public company
traded on the OTCQB market under the symbol "TOOT." For additional
information or to receive correspondence from Tootie Pie Company,
please visit www.tootiepieco.com.
About TCA
TCA Global Master Credit Fund, LP continues as one of the first
alternative funds solely focused on short term senior secured debt
transactions and associated advisory services primarily for listed
SME's. The Fund's management is enjoying its second decade in
providing custom debt funding and specialist corporate advice,
which is a level of expertise usually only afforded to much larger
companies. The Fund's strategy combines debt funding, advisory
services and associated fee income with small secured exposures to
achieve the goal of uncorrelated, low variance returns. TCA employs
AIMA best practices, transparency and governance as well as using
top flight service providers. TCA's reference list includes
investors, service providers and a list of the portfolio companies
it has financed. The Fund has a great working relationship with its
portfolio companies as evidences by a repeat business rate in
excess of 50 percent despite its high yield return goals. TCA is
registered with the Cayman Islands Monetary Authority (CIMA) as a
master feeder structure and is currently registering a share class
on the Cayman Stock Exchange. The Fund is also making applicable
registration with the Securities and Exchange Commission (SEC) in
the United States. It has offices
in London, Australia and the
United States.
Forward-Looking Statements
This press release may contain forward-looking statements. The
words "believe," "expect," "should," "intend," "estimate," and
"projects," variations of such words and similar expressions
identify forward-looking statements, but their absence does not
mean that a statement is not a forward-looking statement. These
forward-looking statements are based upon the Company's current
expectations and are subject to a number of risks, uncertainties
and assumptions. The Company undertakes no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise. Among the important factors that could
cause actual results to differ significantly from those expressed
or implied by such forward-looking statements are risks that are
detailed in the Company's filings, which are on file with the U.S.
Securities and Exchange Commission (SEC).
Contact:
Carla Carter
Investor Relations
210.737.6600
Carla.Carter@tootiepieco.com
Contact: info@trafcap.com
1404 Rodman Street
Hollywood, FL 33020 USA
Phone: +1-954-920-1205 Fax: +1-786-323-1651
SOURCE Tootie Pie Company, Inc.