BAB, Inc. Reports Profit for 3rd Quarter 2006.DEERFIELD Deerfield, towns, United States Deerfield. 1 Village (1990 pop. 17,327), Cook and Lake counties, NE Ill., a residential suburb of Chicago; inc. 1903. The huge Sara Lee Bakery is its major industry, and there is other light manufacturing. , Ill. -- BAB, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BABB BABB Back-Arc Basin Basalt (volcanic rock) BABB Bad Astronomy Bulletin Board ), operator and franchisor of Big Apple Bagels Big Apple Bagels is a US franchised chain of bakery-cafes. Coffee, along with a variety of other related products are sold. The products are sold as three different brands; Big Apple Bagels, Brewster's Coffee, and My Favorite Muffin.[1] BAB, Inc. , My Favorite My Favorite is an independent synthpop band from Long Island, New York. They released two CDs: Love at Absolute Zero and Happiest Days of Our Lives. My Favorite broke up on September 14, 2005, when singer Andrea Vaughn left the band. Muffin and Brewster's Coffee, today announced the financial results for its third quarter ended August 31, 2006, reporting net income of $236,500. For the quarter ended August 31, 2006, BAB had revenues of $945,000 and net income of $236,500, or $0.03 per share, versus revenues of $1,265,600 and net income of $147,600, or $0.02 per share, for the same quarter last year. For the nine months ended August 31, 2006, BAB had revenues of $2,969,700 and net income of $635,400, or $0.09 per share, versus revenues of $3,913,900 and net income of $530,300, or $0.07 per share for the same period in 2005. For the nine months ended August 31, 2006, total expenses, excluding interest, were $2,345,300, or 79.0% of revenues, versus $3,355,800, or 85.7% in 2005. Interest expense was $23,700 for this nine month period in 2006 versus $34,400 in 2005. BAB, Inc. operates, franchises, and licenses Big Apple Bagels [R], My Favorite Muffin [R] and Brewster's [R] Coffee. The Company's stock is traded on the OTCBB under the symbol BABB and its web site can be visited at www.babcorp.com. Certain statements in this press release constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The words "forecast," "estimate," "project," "intend," "expect," "should," "would," "believe" and similar expressions and all statements which are not historical facts are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the company's actual results, performance (financial or operating), or achievements to differ from the future results, performance (financial or operating), or achievements expressed or implied by such forward-looking statements. The above factors are more fully discussed in the company's SEC filings. (TABLE FOLLOWS) [TABLE OMITTED] |
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