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Monday, July 09, 2007

Things Heat Up At Tootie Pie Co. In Year 1

Tootie Pie Company Inc.'s fiscal 2007 results are in - the net-net here is that the company grew leaps and bounds during its first year of operations as a public entity.

Revenues came in at $611,495 while profit margin tallied $289,444.

As with any recently reporting company, particularly one such as Tootie Pie Co., which has only recently opened its doors - progress made securing future revenue streams is more important in many cases than actual revenues derived in year-one of operations (pending the company can operate within its current financial parameters - which TOOT can w/out financing). TOOT has done both to near perfection (sure $10M in revs would have been great but c'mon)

This is a win-win for Tootie Pie Co. since they logged relatively significant revenues in Y1 while building a brand in about a year that many in the pie industry have failed to do in the past, even after years and years of trial and ultimately error.

Under a mil in sales may not seem like much, but revenues logged by TOOT in year one make it a notable, maybe even a top-10 competitor in the frozen pie market, not bad for a company in its infancy with no debt and distributors like Sysco, Ben E. Keith, and US Food service too trumpet your story, push your product, and even get some investor eyes on the company.

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