Pizza Pizza Royalty Income Fund to Release Q2 Results Early August

    TORONTO, July 14 /CNW/ - Pizza Pizza Royalty Income Fund (the "Fund")
(TSX: PZA.UN) today announced that it will release its quarter ended June 30,
2008 financial results at the close of market on July 31, 2008.
    The Fund invites analysts and portfolio managers to participate in a
conference call with Curt Feltner, Chief Financial Officer and Pat Finelli,
Chief Marketing Officer to discuss the results. The call will take place on
Friday, August 1, 2008 at 9:00 a.m. Unitholders and media are also invited to
listen to the call.

    Details of the Conference Call:

    Date:                     Friday, August 1, 2008
    Time:                     9:00 a.m. EST
    Call in number:           416-642-5212 or 1-866-321-6651
    Recording call in number: 647-436-0148 or 1-888-203-1112 available until
                              midnight, Thursday, August 14, 2008
    Reservation number:       8482654

    About the Fund

    The Fund is a limited purpose, open-ended trust established under the
laws of Ontario to indirectly acquire the trademarks and trade names used by
Pizza Pizza Limited ("Pizza Pizza") in its Pizza Pizza and Pizza 73 branded
    A key attribute of the Fund is that royalty revenues are based on 
top-line, system sales of the Royalty Pool restaurants and not on the
profitability of either Pizza Pizza or the restaurants in the Royalty Pool.
The success of the Fund depends primarily on the ability of Pizza Pizza to
maintain and increase system sales of the Royalty Pool and to meet its royalty
    The Fund's trust units are listed on the Toronto Stock Exchange under the
symbol PZA.UN.

    %SEDAR: 00022262EF

For further information:

For further information: Curtis Feltner, Chief Financial Officer, Pizza
Pizza Limited, Telephone: (416) 967-1010,; Christine
D'Sylva, Investor Relations, Pizza Pizza Limited, Telephone: (416) 967-1010,; Web:, and or

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