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Papa Murphy's Strengthens Southeast Presence

VANCOUVER, Wash., March 30, 2015 (GLOBE NEWSWIRE) -- Papa Murphy's Holdings, Inc. (Nasdaq:FRSH), the world's leading take 'n' bake pizza franchise, today announced plans to strengthen and grow its presence in the Southeast. The Company, which currently has over 1,400 locations in 38 states, recently completed acquisitions of existing Papa Murphy's franchise stores in Knoxville, TN as a springboard for further expansion throughout the Southeast.

Papa Murphy's is a franchisor and operator of the largest take 'n' bake pizza chain in the United States, selling scratch-made pizzas that customers take home and bake in their own oven for a convenient home-baked meal. The Company makes fresh dough in-store daily and tops its pizzas with fresh, never frozen ingredients including vegetables chopped daily, 100 percent whole-milk mozzarella – grated in-store each day, high quality meat with no added fillers and specialty, premium ingredients like spicy fennel sausage, Angus steak, roasted garlic and artichoke hearts. Papa Murphy's core purpose is to bring families together through food people love with a goal of creating fun, convenient and fulfilling family dinners.

Ken Calwell, President and Chief Executive Officer of Papa Murphy's stated, "There is clear and growing demand for the Papa Murphy's brand in the Southeast and we see tremendous opportunity to build upon our success and growing awareness in this key underpenetrated region. We look forward to opening more franchised and company-owned stores in Knoxville and continuing to deliver on our mission of helping busy families everywhere solve the dinnertime dilemma."

To celebrate the brand's expansion, Papa Murphy's will host promotions for all stores in the Knoxville market during the week of Sunday, March 29 through Saturday, April 4. To kick off the deal week, on Sunday, the stores will offer two Large pizzas for $10 each. On Tuesday, customers can purchase any Large pizza for $10 and on the remaining days of the week, customers will receive a free Large Pepperoni Pizza with the purchase of any pizza at regular price.

To find Papa Murphy's pizza near you, please visit www.papamurphys.com.

About Papa Murphy's

Papa Murphy's Holdings, Inc. (Nasdaq:FRSH) is a franchisor and operator of the largest Take 'N' Bake pizza chain in the United States, selling fresh, hand-crafted pizzas ready for customers to bake at home. The company was founded in 1981 and currently operates over 1,400 franchised and corporate-owned fresh pizza stores in 38 States, Canada and United Arab Emirates. Papa Murphy's core purpose is to bring all families together through food people love with a goal to create fun, convenient and fulfilling family dinners. In addition to scratch-made pizzas, the company offers a growing menu of grab 'n' go items, including salads, sides and desserts. For more information, visit www.papamurphys.com. Find Papa Murphy's on Facebook at www.facebook.com/papamurphyspizza.

Forward-looking Statements

This press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Forward-looking statements give the Company's current expectations and projections relating to the Company's future earnings and growth potential, including potential new store openings. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "guidance," "anticipate," "estimate," "expect," "forecast," "project," "plan," "intend," "believe," "confident," "may," "should," "can have," "likely," "future" and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events.

Any such forward looking statements are not guarantees of performance or results, and involve risks, uncertainties (some of which are beyond the Company's control) and assumptions. Although the Company believes any forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results and cause them to differ materially from those anticipated in any forward-looking statements. Please refer to the risk factors discussed in the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2014 (which can be found at the SEC's website www.sec.gov) and each such risk factor is specifically incorporated into this press release. Should one or more of these risks or uncertainties materialize, the Company's actual results may vary in material respects from those projected in any forward-looking statements.

Any forward-looking statement made by the Company in this press release speaks only as of the date on which it is made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

CONTACT: Media Contact: Jessica Liddell, ICR Jessica.Liddell@icrinc.com 203-682-8200 Investor Relations Contact: Fitzhugh Taylor, ICR Fitzhugh.Taylor@icrinc.com 877-747-7272

Source:Papa Murphy's Holdings, Inc.