WINSTON-SALEM, N.C., Nov. 8, 2011 /PRNewswire/ -- Krispy Kreme Doughnut Corporation today announced that the Company has signed a new development agreement with its franchisee in the Philippines, The Real American Doughnut Company, Inc., under which the franchisee has agreed to open an additional 23 locations in the country over the next five years. The Real American Doughnut Company currently operates 26 doughnut shops across the country.