Franchising

Pie Five opens 1st Oregon store

Logo: Provided

July 21, 2020

Pie Five Pizza has opened the doors of a location in Corvallis, Oregon, location, which is its first store in the state, according to a news release.

"We are thrilled and honored to bring Pie Five to Oregon and can't wait to start serving the Corvallis community," Franchisee Ravi Prasad said in the release. "The new restaurant is in a great location in the middle of the popular Timberhill Shopping Center next to WinCo Foods, and we have hired an exceptional team to help us serve Pie Five's unique, customizable pizzas to everyone in Corvallis."

The brand donated proceeds from a July 18 pre-opening event to the Boys & Girls Club of Corvallis.

Pie Five and its sister concept, Pizza Inn, are part of the Rave Restaurant Group, based in Dallas. The location is one of more than 200 stores in the two chains.

Nasdaq informed Rave on July 1 that it was in danger of being delisted from the market after its most recent quarterly report revealed that it wasn't complying with Nasdaq's continued listing standard for minimum stockholders' equity of at least $2.5 million. The company has until Aug. 14 to come up with a plan to get back into compliance.