Press Releases

SEATTLE, Feb. 9, 2010 (GLOBE NEWSWIRE) -- Attorney Advertising. Keller Rohrback L.L.P. (www.krclassaction.com) announces that the Court has ruled that Plaintiffs in Vercellono v. Gerber Prods. Co., No. 09-02350 (D.N.J.) and Levinson v. Johnson and Johnson Consumer Cos., Inc., No. 09-03317 (D.N.J.), may proceed with their class action claims against Defendants Johnson & Johnson (NYSE: JNJ) and Wal-Mart Stores Inc. (NYSE: WMT) for selling children's shampoo and baby wash that contains methylene chloride, a banned ingredient in cosmetics that is linked to increased cancer risk.

The Court held that Plaintiffs in both putative class actions stated viable claims under Missouri and Nevada law against Defendants for violations of state consumer protection acts and breaches of implied warranties. In the complaints that are pending in the U.S. District Court, District of New Jersey, Plaintiffs allege that, despite Defendants' representations that Johnson's(R) Baby Shampoo and Wal-Mart's Equate Tearless Baby Wash are "as gentle to the eyes as pure water" and "extra mild" for babies, these products are actually contaminated with methylene chloride. Methylene chloride is one of only 11 chemicals that the Food and Drug Administration has banned as an ingredient in cosmetics, out of more than 12,500 ingredients currently used. See 21 C.F.R. Section 700.19 (1989). Plaintiffs further allege that methylene chloride can be removed through a simple and cost-effective process of vacuum-stripping.

Two additional cases regarding similar allegations are also are pending in U.S. District Court, District of New Jersey: Crouch v. Johnson & Johnson Consumer Cos., Inc., No. 09-02905 and Boyd v. Johnson & Johnson Consumer Cos., Inc., No. 09-03135.

Keller Rohrback is continuing its investigation regarding certain children's personal care products that may contain methylene chloride including:

  --  Johnson's(R) Baby Shampoo;
  --  Equate Tearless Baby Wash; and
  --  Target Night-time Bath and Body Wash.

Independent testing revealed that these products may be contaminated with methylene chloride. According to Keller Rohrback Attorney Lynn Sarko, "The last place this dangerous chemical should be is in products intended for babies."

If you purchased one of these products and you wish to learn more about our investigation or the pending litigations, please contact paralegal Natalie Stephenson or attorneys Gretchen Cappio, Laura Gerber, or Lynn Sarko at 800.776.6044 or 206.623.1900 or via email at consumer@kellerrohrback.com.

Keller Rohrback, with offices in Seattle, Phoenix, and New York, has successfully pursued claims against product manufacturers and distributors, pharmaceutical companies, and medical device makers on behalf of our injured clients. We have achieved multi-million dollar settlements on behalf of nationwide classes of consumers.

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.

CONTACT:  Keller Rohrback L.L.P.
          Natalie Stephenson, Paralegal
          (800) 776-6044
          consumer@kellerrohrback.com
          www.krclassaction.com

Greener Gadgets Design Competition Opens for Public Vote

ARLINGTON, Va.--(BUSINESS WIRE)-- The Consumer Electronics Association (CEA)(R) today announced new speakers and a panel session focused on sustainable design for the home at the upcoming Greener Gadgets conference. Tom Hadfield, chief operating officer, LaboGroup and Leonardo Bonanni, founder and director of SourcemapTM join the world's foremost green innovators, thought-leaders and environmental stewards for the event, which will take place on Thursday, February 25, 2010 at the McGraw-Hill Conference Center in New York City.

"This year's Greener Gadgets conference is a must-attend event for green technology and design professionals," said Karen Chupka, senior vice president of CEA, organizers of the Greener Gadgets conference. "Our speaker lineup and design competition entrants will showcase incredible innovation in sustainable design and demonstrate its impact on the consumer electronics industry."

As COO of LaboGroup, a French innovation company, Hadfield worked on the development of the Andrea, a plant-based air purifier. The company is a member of the ArtScience Labs network of art and design labs experimenting on the frontiers of science. Hadfield is also the founder of the first commercial soccer website, Soccernet.com, later sold to ESPN, as well as Schoolsnet.com, an online education company. In 2001, Hadfield was named one of the 100 Global Leaders of Tomorrow by the World Economic Forum.

Bonanni is a PhD candidate at the MIT Media lab where he researches and teaches sustainable design. He is the founder and director of the open source project Sourcemap.org, a social network and tool for Life Cycle Assessment and Supply Chain Transparency. Sourcemap(TM) emerged from a curriculum he developed and currently teaches at MIT on radical sustainability in product design. He also independently practices architecture, industrial and interaction design.

Greener Gadgets also will feature a panel session titled, "Green Living Begins at Home," with a focus on sustainable design strategies in urban and rural locations. Moderated by Sarah Rich, senior editor, Dwell, the panel will feature sustainable design innovators and technology leaders including, Ellen Honigstock, Architect P.C., residential green building advocate, Urban Green Council, NY Chapter of the U.S. Green Building Council; Sarah Krasley, industry manager of sustainability, Autodesk; Kimberly Lancaster, founder, Green Life Smart Life Project and Jay McLellan, president and CEO, Home Automation Inc. (HAI).

The Greener Gadgets Design Competition, an attendee favorite, is officially open for public vote. This year's competition highlights a new class of standout sustainable products, including those that reduce carbon footprint, support sustainable lifestyles or aid in energy conservation. Finalists will be judged in front of a live audience at the Greener Gadgets Conference in New York City on February 25, 2010, for a chance at $5,000 in prizes. Voting is live at on the Greener Gadgets website: http://www.greenergadgets.com/index.php/design-competition/

For more information about Greener Gadgets 2010, or to register, please visit www.GreenerGadgets.com.

About CEA:

The Consumer Electronics Association (CEA) is the preeminent trade association promoting growth in the $165 billion U.S. consumer electronics industry. More than 2,000 companies enjoy the benefits of CEA membership, including legislative advocacy, market research, technical training and education, industry promotion, standards development and the fostering of business and strategic relationships. CEA also sponsors and manages the International CES - Where Entertainment, Technology and Business Converge. All profits from CES are reinvested into CEA's industry services. Find CEA online at www.CE.org.

UPCOMING EVENTS

    --  Digital Music Forum East
        February 24-25, 2010, New York, NY
    --  Greener Gadgets
        February 25, 2010, New York, NY

    --  EHX Spring 2010
        March 24-27, 2010, Orlando, FL
    --  CES on the Hill
        April 20-21, 2010, Washington, DC
    --  Digital Patriots Dinner
        April 21, 2010, Washington, DC
    --  LA Games Conference
        April 29, 2010, Los Angeles, CA
    --  CEA Line Shows
        June 22-23, 2010, New York, NY
    --  2010 SINOCES
        July 8-11, 2010, Qingdao, China
    --  2010 CEA Industry Forum
        October 17-20, 2010, San Francisco, CA
    --  i-stage
        October 18, 2010, San Francisco, CA

    --  Digital Hollywood Fall
        October 18-21, 2010, Santa Monica, CA

    --  Future of Television East
        November 19, 2010, New York, NY

    Source: Consumer Electronics Association (CEA)

THE COLONY, Texas, Feb. 9, 2010 (GLOBE NEWSWIRE) -- Pizza Inn, Inc. (Nasdaq: PZZI) today reported net income of $0.4 million, or $0.05 per share, for the fiscal quarter ended December 27, 2009, versus net income of $0.1 million, or $0.02 per share, for the same quarter of the prior fiscal year. Total revenue for the second fiscal quarter of 2010 declined to $10.4 million from $11.3 million in the same period of fiscal 2009.

Highlights for the second quarter of fiscal year 2010 included:

  --  Sales from Company-owned restaurants increased 34%, or $0.2 million, in
      the second quarter of fiscal 2010 compared to the same quarter of the
      prior fiscal year, primarily due to the opening of a new buffet location
      in Ft. Worth, Texas in September, 2009.
  --  Comparable domestic buffet restaurant sales decreased 6.3% for the
      second quarter of fiscal 2010 compared to the same quarter of the prior
      fiscal year.
  --  Chain-wide comparable domestic restaurant sales decreased 7.0% for the
      second quarter of fiscal 2010 compared to the same quarter of the prior
      fiscal year.
  --  Franchise revenue for the second quarter of fiscal 2010 was relatively
      flat to the same quarter of the prior fiscal year at $1.0 million
      despite the decline in same store sales due to the recognition of
      franchise fees from six new international openings during the current
      fiscal quarter compared to one new opening in the same quarter of the
      prior fiscal year.
  --  For the second consecutive fiscal quarter, there was positive net
      restaurant growth.
  --  Subsequent to quarter end, the Company entered into a Loan Agreement
      with Amegy National Bank that provides for a $2.0 million revolving
      facility and a $1.0 million term loan facility that provides growth
      capital for new company-owned restaurant expansion. The Company
      terminated the previous credit facility with CIT.

Charlie Morrison, President and CEO, commented, "Very few companies are exempt from pressures felt in the current economic environment. However, we remain encouraged by the positive net growth in the number of restaurants in the chain year-to-date and expect more openings in the coming months that will continue that trend. At the end of the second quarter, we have a pipeline of over 100 signed development agreements for new restaurants to be opened in both domestic and international markets over the coming years which we believe will further this developing trend of positive unit count growth."

Certain statements in this press release, other than historical information, may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created thereby. These forward-looking statements are based on current expectations that involve numerous risks, uncertainties and assumptions. Assumptions relating to these forward-looking statements involve judgments with respect to, among other things, future economic, competitive and market conditions, regulatory framework and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond Pizza Inn's control. Although the assumptions underlying these forward-looking statements are believed to be reasonable, any of the assumptions could be inaccurate and, therefore, there can be no assurance that any forward-looking statements will prove to be accurate. In light of the significant uncertainties inherent in these forward-looking statements, the inclusion of such information should not be regarded as a representation that Pizza Inn's objectives and plans will be achieved.

Pizza Inn, Inc. (www.pizzainn.com) is an owner, franchisor and supplier of a system of restaurants operating domestically and internationally under the trademark "Pizza Inn." The Company and its distribution division, Norco Restaurant Services Company, are headquartered in The Colony, Texas. The Company's common stock is listed on the Nasdaq Capital Market under the symbol "PZZI."

The Pizza Inn logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4933

                         PIZZA INN, INC.
         CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
            (In thousands, except per share amounts)
                           (Unaudited)


                               Three Months
                                   Ended      Six Months Ended
                              --------------  ----------------
                               Dec.    Dec.    Dec.     Dec.
                               27,     28,      27,      28,

  REVENUES:                    2009    2008    2009     2008
                              ------  ------  -------  -------

  Food and supply sales       $8,616  $9,645  $17,011  $19,779
  Franchise revenue            1,004   1,044    2,066    2,108
  Restaurant sales               791     589    1,334      779

                              10,411  11,278   20,411   22,666
                              ------  ------  -------  -------

  COSTS AND EXPENSES:
  Cost of sales                8,461   9,376   16,577   19,031
  Franchise expenses             430     470      897      949
  General and administrative
   expenses                      838     856    1,615    1,543
  Severance                       --      --       --       37
  Bad debt                        25      30       40       45
  Provision for litigation
   costs                          --     263       --      263

  Interest expense                12      16       26       28
                              ------  ------  -------  -------

                               9,766  11,011   19,155   21,896
                              ------  ------  -------  -------

  INCOME FROM CONTINUING
   OPERATIONS BEFORE TAXES       645     267    1,256      770

  Income taxes                   217      74      423      235
                              ------  ------  -------  -------
  INCOME FROM CONTINUING
   OPERATIONS                    428     193      833      535

  Loss from discontinued
   operations, net of taxes     (41)    (57)     (80)    (106)
                              ------  ------  -------  -------

  NET INCOME                    $387    $136     $753     $429
                              ======  ======  =======  =======

  EARNINGS PER SHARE OF
   COMMON STOCK - BASIC:
  Income from continuing
   operations                  $0.05   $0.02    $0.10    $0.06
  Loss from discontinued
   operations                     --      --   (0.01)   (0.01)
                              ------  ------  -------  -------

  Net income                   $0.05   $0.02    $0.09    $0.05
                              ======  ======  =======  =======

  EARNINGS PER SHARE OF
   COMMON STOCK - DILUTED:
  Income from continuing
   operations                  $0.05   $0.02    $0.10    $0.06
  Loss from discontinued
   operations                     --      --   (0.01)   (0.01)
                              ------  ------  -------  -------

  Net income                   $0.05   $0.02    $0.09    $0.05
                              ======  ======  =======  =======

  Weighted average common
   shares outstanding -
   basic                       8,011   8,713    8,011    8,827
                              ======  ======  =======  =======

  Weighted average common
   and potential dilutive
   common
  shares outstanding           8,011   8,713    8,011    8,832
                              ======  ======  =======  =======

                     PIZZA INN, INC.
          CONDENSED CONSOLIDATED BALANCE SHEETS
           (In thousands, except share amounts)


                                   December
                                      27,
                                     2009      June 28,
                                  (unaudited)    2009
                                  -----------  --------
  ASSETS

  CURRENT ASSETS
   Cash and cash equivalents              $77      $274
   Accounts receivable, less
    allowance for bad debts
   of $117 and $203,
    respectively                        3,170     2,559
   Income tax receivable                   --        80
   Inventories                          1,686     1,371
   Property held for sale                  17        17
   Deferred income tax assets             618       618

   Prepaid expenses and other             411       233
                                  -----------  --------
    Total current assets                5,979     5,152

  LONG-TERM ASSETS
   Property, plant and
    equipment, net                      2,214     1,743
   Deferred income tax assets              86        86

   Deposits and other                     131        81
                                  -----------  --------

                                       $8,410    $7,062
                                  ===========  ========
  LIABILITIES AND SHAREHOLDERS'
   EQUITY
  CURRENT LIABILITIES
   Accounts payable - trade            $1,980    $1,806
   Deferred revenues                      283       132

   Accrued expenses                     1,205     1,009
                                  -----------  --------
    Total current liabilities           3,468     2,947

  LONG-TERM LIABILITIES
   Deferred gain on sale of
    property                              146       159
   Deferred revenues                      227       246
   Bank debt                              659       621

   Other long-term liabilities             27        37
                                  -----------  --------

    Total liabilities                   4,527     4,010
                                  -----------  --------

  COMMITMENTS AND CONTINGENCIES

  SHAREHOLDERS' EQUITY
   Common stock, $.01 par value;
    authorized 26,000,000
   shares; issued 15,130,319 and
    15,130,319 shares,
    respectively;
   outstanding 8,010,919 and
    8,010,919 shares,
    respectively                          151       151
   Additional paid-in capital           8,819     8,741
   Retained earnings                   19,549    18,796
   Treasury stock at cost
    Shares in treasury:
     7,119,400 and 7,119,400,
     respectively                    (24,636)  (24,636)
                                  -----------  --------

     Total shareholders' equity         3,883     3,052
                                  -----------  --------

                                       $8,410    $7,062
                                  ===========  ========

                     PIZZA INN, INC.
     CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                      (In thousands)
                       (Unaudited)


                                       Six Months Ended
                                      ------------------
                                      December  December
                                         27,       28,

                                        2009      2008
                                      --------  --------

  CASH FLOWS FROM OPERATING
   ACTIVITIES:

   Net income                             $753      $429
   Adjustments to reconcile net
    income to
   cash used for operating
    activities:
    Depreciation and amortization          164       143
    Stock compensation expense              79       102
    Provision for litigation costs          --       263
    Provision for bad debts                 40        45
   Changes in operating assets and
    liabilities:
    Notes and accounts receivable        (571)     (111)
    Inventories                          (315)        81
    Accounts payable - trade               172     (790)
    Accrued expenses                       196     (486)
    Deferred revenue                       119        28

    Prepaid expenses and other           (238)        --
                                      --------  --------
    Cash provided (used) by
     operating activities                  399     (296)
                                      --------  --------

  CASH FLOWS FROM INVESTING
   ACTIVITIES:


   Capital expenditures                  (634)     (832)
                                      --------  --------
    Cash used by investing
     activities                          (634)     (832)
                                      --------  --------

  CASH FLOWS FROM FINANCING
   ACTIVITIES:
   Change in line of credit, net            38       992
   Cash overdraft                           --       302

   Repurchase of common stock               --   (1,173)
                                      --------  --------
    Cash provided by financing
     activities                             38       121
                                      --------  --------

  Net decrease in cash and cash
   equivalents                           (197)   (1,007)
  Cash and cash equivalents,
   beginning of period                     274     1,157
                                      --------  --------
  Cash and cash equivalents, end of
   period                                  $77      $150
                                      ========  ========

CONTACT: Pizza Inn, Inc.
         Nancy Ellefson, VP of Finance
         469-384-5000

LONDON--(BUSINESS WIRE)-- Intertek, a leading provider of quality and safety solutions serving a wide range of industries around the world, announced today that it has been accredited by the Government of The Philippines as a Bulk and Break Bulk Cargo Surveyor.

The accreditation confirms Intertek as a surveyor for all non-containerised cargo destined for the Philippines which must, under new government legislation, be inspected at the port of origin. All bulk cargo shipments are now required to undergo an inspection for Quality, Quantity and Dutiable Value.

David Gregory, Vice President of Intertek's Government Services, said: "Intertek has a proven track record in working with Governments to help them streamline their import processes. We are delighted to have been awarded this accreditation and look forward to working with the Government of the Philippines."

Jay Gutierrez, Chief Executive for the Government Services and Oil, Chemical and Agri Divisions, said: "Intertek's global services network, located in over 100 nations, supports this program, helping the Philippine government to ensure products imported from around the world are delivered in good order to the people of the Philippines."

Intertek provides inspection programmes for Governments worldwide, and has issued over 1.5 million test reports and certificates to global exporters to ensure that their goods clear customs smoothly.

About Intertek's Government Services

Intertek offers a range of services to governments, national standards organisations and customs departments. We help ensure that goods imported into these countries comply with safety, quality and other standards, preventing the dumping of unsafe goods and improving quality. Foreign finance ministries use Intertek's services to increase import duty collection and efficiency.

About Intertek

Intertek is a leading provider of quality and safety solutions serving a wide range of industries around the world.

From auditing and inspection, to testing, quality assurance and certification, Intertek people are dedicated to adding value to customers' products and processes, supporting their success in the global marketplace.

Intertek has the expertise, resources and global reach to support its customers through its network of more than 1,000 laboratories and offices and over 24,000 people in more than 100 countries around the world.

For more information, visit www.intertek.com/government

    Source: Intertek

NEW YORK--(BUSINESS WIRE)-- Volt Information Sciences, Inc. (NYSE: VOL) today announced that it has entered into agreements with its lenders that extends the time for delivery by the Company of its audited financial statements for fiscal year 2009 to May 10, 2010.

The Company also reported that it had received a routine letter that the New York Stock Exchange sends to listed companies when late in filing their annual reports with the Securities and Exchange Commission. The letter affords the Company an additional six months to file its annual report.

Jack Egan, the Company's Chief Financial Officer, stated "We are pleased with the continued support from our participating financial institutions as we work through the complicated restatement process related to our Computer Systems segment. We currently expect to complete the process within the time frame agreed upon with our lenders and as required by the New York Stock Exchange."

About Volt Information Sciences, Inc. Volt Information Sciences, Inc. is a leading provider of global infrastructure solutions in technology, information services and staffing acquisition for its FORTUNE 100 customer base. Operating through an international network of servicing locations, the staffing segment fulfills IT, engineering, administrative, and industrial workforce requirements of its customers, for both professional search and temporary/contingent personnel as well as managed services programs and Recruitment Process Outsourcing (RPO) services. Technology infrastructure services include telecommunications engineering, construction, and installation; central office services; and IT managed services and maintenance. Information-based services are primarily directory assistance, operator services, database management, and directory printing. Visit www.volt.com.

This press release contains forward-looking statements which are subject to a number of known and unknown risks, including general economic, competitive and other business conditions, the degree and timing of customer utilization and rate of renewals of contracts with the Company, that could cause actual results, performance and achievements to differ materially from those described or implied in the forward-looking statements. Information concerning these and other factors that could cause actual results to differ materially from those in the forward- looking statements is contained in Company reports filed with the Securities and Exchange Commission.

    Source: Volt Information Sciences, Inc.