Pizza Pizza Limited consolidates C.O.O. duties with C.E.O.



    TORONTO, Oct. 29 /CNW/ - Pizza Pizza Limited has announced that Daniel
Vukovich, Chief Operating Officer, will be leaving the company on October 30,
2007 to pursue other interests. Mr. Vukovich will be remaining as a Director
of Pizza Pizza GP Inc.
    Michael Overs, Chief Executive Officer of Pizza Pizza Limited, has
assumed the responsibility for the company's daily operational activities.

    About Pizza Pizza Limited

    Pizza Pizza Limited, a privately-held Canadian corporation, is one of
Canada's most successful operators in the QSR industry. It operates franchised
and corporate restaurants under the brand names Pizza Pizza and Pizza 73. The
Pizza Pizza brand is celebrating its 40th anniversary this year and dominates
the Ontario pizza QSR. The Pizza 73 brand is celebrating its 22nd anniversary
and was recently awarded the distinction of being named one of Canada's
"50 Best Managed" companies for 2006. Pizza Pizza Limited is guided by a
mission to provide the "best food, made especially for you" and a focus on
quality ingredients, customer service, community contribution and continual
innovation, especially in offering health-conscious menu choices.

    %SEDAR: 00022262EF




For further information:

For further information: Curtis Feltner, Chief Financial Officer, Pizza
Pizza Limited, Telephone: (416) 967-1010, cfeltner@pizzapizza.ca; Christine
D'Sylva, Investor Relations, Pizza Pizza Limited, Telephone: (416) 967-1010,
cdsylva@pizzapizza.ca; Web: www.pizzapizzaroyaltyincomefund.com,
www.pizzapizza.ca and www.pizza73.com or www.sedar.com.

Organization Profile

PIZZA PIZZA ROYALTY INCOME FUND

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