Papa Murphy's Named to Inc. Magazine Top 100

Take 'n' bake pizza pioneer among the fastest-growing private
companies in the country
VANCOUVER, Wash.--(Business Wire)--
Inc. magazine has placed Papa Murphy's International on its 2008
list of Top 100 Food & Beverage Companies in the country. This is the
second consecutive year that the take 'n' bake pizza pioneer has made
the national list, demonstrating its sizeable customer-following and
craveable product. Papa Murphy's is widely acknowledged for excellence
in value, quality, variety, service and convenience. As such,
consumers just voted the company Best Pizza Chain in America(1) for
the sixth year in a row.

"Our second annual Inc. 5000 continues the most ambitious project
in business journalism," said Inc. 5000 Project Manager Jim Melloan.
"The Inc. 5000 gives an unrivalled portrait of young, underreported
companies across all industries doing fascinating things with
cutting-edge business models, as well as older companies that are
still showing impressive growth."

Papa Murphy's currently operates over 1,000 franchised and
corporate-owned stores in the U.S. and Canada, and with more than 100
stores opening each year, the company is growing both in geography and
in sales, according to Kevin King, vice president of development at
Papa Murphy's.

"We've had five consecutive years of positive same-store sales
growth," says King. "We're a terrific vehicle for qualified people to
get into their own business with very attractive returns. We have the
lowest build-out cost of any of the national pizza chains and many
other national brands(2). Additionally, the fact that our stores
operate at a very specific segment of the day, or day part, is an
attractive business model for many entrepreneurs to build their own
dreams."

About Papa Murphy's

Papa Murphy's is the fifth-largest pizza chain in the country and
the pioneer and leader of the take 'n' bake pizza segment. Papa
Murphy's operates over 1,000 franchised and corporate-owned locations
in 30 states and Canada. The Vancouver, Wash.-based company offers
custom-made pizzas featuring high-quality fresh toppings generously
layered on pizza dough that is made fresh each morning in each store.
By baking Papa Murphy's pizzas at home, customers get to experience
the home-baked aroma of a convenient, delicious meal that the brand is
known for. In addition to handmade pizzas, the company offers a
growing menu of take 'n' bake items, including Cheesy Bread, Cinnamon
Wheels, and chocolate chip cookie dough. Papa Murphy's has been voted
"Best Pizza Chain in America" for six consecutive years by consumers
nationwide in the Restaurants and Institutions "Consumers' Choice in
Chains" survey and was recently named Pizza Today's "2008 Chain of the
Year" for the third time. For more information, visit
www.papamurphys.com.

About Inc.com

Inc.com, the daily resource for entrepreneurs, delivers how-to
guides, advice, tools, breaking news, and rich multi-media to help
business owners and CEOs start, run, and grow their businesses.
Inc.com offers dynamic marketing solutions to help advertisers
effectively reach Inc.com's audience of business leaders. Visit
http://www.inc.com.

About Inc. 500/Inc. 5000 Conference

Each year, Inc. magazine and Inc.com celebrate the remarkable
achievements of today's entrepreneurial superstars -- the privately
held small businesses that drive our economy. The Inc. 500/Inc. 5000
Conference brings together members of the Inc. 5000 community--both a
new class of Inc. 5000 honorees and the list's alumni--for three days
of powerful networking, inspired learning, and momentous celebration.
For the first time ever, this powerful networking event is open to
all. Please join us September 18-20, 2008 at the Gaylord National
Resort and Convention Center in Washington, D.C. For more information
or to register, visit www.Inc500Conference.com or call us at
877-211-0489.

(1) Restaurants and Institutions "Consumers' Choice in Chains"
survey (2008)

(2) RBC Capital Markets review (December, 2007)

Papa Murphy's International
Lindsi Miller, 360-449-4017
lindsim@papamurphys.com

Copyright Business Wire 2008