Pizza Inn, Inc. Reports Results for Fiscal Year 2009

THE COLONY, Texas, Sept. 23, 2009 (GLOBE NEWSWIRE) -- Pizza Inn, Inc. (Nasdaq:PZZI) today reported net income of $1.2 million, or $0.14 per share, for the fiscal year ended June 28, 2009, versus net income of $2.8 million, or $0.29 per share, for the prior fiscal year. The $0.15 difference in earnings per share is driven primarily by two factors. Due to a change in the availability and use of its net loss carryforwards, the Company reported tax expense of $0.5 million in fiscal year 2009 compared to a tax benefit of $0.1 million in fiscal year 2008, representing $0.07 of the earnings per share difference

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JKF Airport hotel to close in December

The Port Authority of New York and New Jersey, which owns the 478-room hotel, is closing it on Dec. 1. The agency will put out a request for proposal to redevelop the property, which was built decades ago and needs a big makeover.
The agency took over the hotel in November 2008. It brought in Highgate Holdings to operate it for one year. The Dallas-based hotel investor and operator, controls some 5,000 hotel rooms in the city, including the Park Central and Doubletree Metropolitan hotels.

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Hyatt Assures New Jobs for Displaced Boston Workers

BOSTON--(BUSINESS WIRE)--All housekeepers affected by August staff reductions at the three Hyatt hotels in Boston will be offered new full-time positions in the Boston market. The jobs, which will be provided by an affiliate of United Service Companies, will match the employees’ previous Hyatt rate of pay through the end of 2010. The Boston Hyatt hotels will extend healthcare coverage through March 31, 2010 for the employees who choose to accept positions with United Service Companies, after which they will have the option to obtain health care benefits through their new employer.

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