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Papa Murphy's Announces Expansion of Vancouver Headquarters

VANCOUVER, Wash., July 1, 2015 (GLOBE NEWSWIRE) -- Papa Murphy's Holdings, Inc. (Nasdaq:FRSH) the world's leading take 'n' bake pizza franchise, today announced it has signed a new 10-year lease agreement with Clark Center LLC to expand its existing corporate headquarters located at 8000 NE Parkway Drive in Vancouver, Washington. In addition to the lease renewal, Papa Murphy's will be increasing the company's headquarters size by approximately 10 percent.

"We have a strong and proud history here in Vancouver," said Papa Murphy's President and CEO, Ken Calwell. "This lease renewal and expansion of our footprint illustrates our long-term commitment to growing and strengthening our brand while also contributing to the economic growth of Vancouver and the State of Washington."

As part of the lease renewal, the company will have partial use of the building's first floor and full use of the second and third floors. Papa Murphy's currently occupies the entire third floor of the building and part of the first and second floors. The company expects to occupy the new space by January 2016.

About Papa Murphy's

Papa Murphy's Holdings, Inc. (Nasdaq:FRSH) is a franchisor and operator of the largest take and 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.

CONTACT: Papa Murphy's Media Contact: Jessica Liddell, ICR Jessica.Liddell@icrinc.com 203-682-8200

Source:Papa Murphy's Holdings, Inc.