Benzinga | Jul 20, 2021 01:47PM EDT

Pizza Inn Signs Multi-Unit Franchise Agreement To Expand In North Texas

* Rave Restaurant Group Inc's (NASDAQ:RAVE) subsidiary Pizza Inn has signed a multi-unit development agreement with Franchisees Charlie and Jeannie Clark.

* Under the agreement, four new Pizza Inn stores are planned in North Texas, with the first expected to open its doors in Sherman, Texas, in the fall of 2021.

* "RAVE is proud to partner with Franchisees like Charlie and Jeannie who have strong operations and are committed to excellence," said RAVE Restaurant's Chief Operations Officer Mike Burns.

* Price action: RAVE shares are trading higher by 3.17% at $1.30 on the last check Tuesday.