Domino's Pizza started with just one store called "DomiNick's" bought by brothers Tom and James Monaghan for $500 in 1960. James traded his half of the business to Tom in 1965, and as sole owner Tom renamed the business Domino's Pizza Inc. In 1978 the 200th Domino's store opened, and things really began to cook. By 1983 there were 1,000 Domino's stores, and in the same year Domino's opened its first international store in Winnipeg, Canada, followed by its first store on the Australasian continent in Queensland, Australia in the same year. By 1989 Domino's had 5,000 stores in operation, making it the fastest-growing pizza company in the world, with stores in the UK, Japan, and South America. Today, Domino's Pizza operates a network of more than 9,000 owned and franchised stores throughout the U.S. and more than 65 international markets. Domino's is the world's leading pizza delivery company committed to leading the industry in product quality and operational excellence. In Singapore, the first Domino's Pizza store was officially re-launched in 2009 by Mr. Steven Pizziol, Regional Vice President, Asia Pacific, Domino’s Pizza International and Mr. Ba-U Shan-Ting, Group Chief Executive Officer, Domino’s Pizza Singapore and Malaysia. There are currently 36 outlets operating in Singapore and growing.