BAB, Inc. Reports Profit for Year-ended 11/30/06.DEERFIELD, Ill. BAB, Inc. -- BAB, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BABB BABB Back-Arc Basin Basalt (volcanic rock) BABB Bad Astronomy Bulletin Board ), the Deerfield based 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 units announced today the financial results for its fiscal year-ended Fiscal Year-End The completion of a one-year, or 12-month, accounting period. Notes: The reason that a company's fiscal year often differs from the calendar year and does not close on Dec 31, is due to the nature of company's needs. November 30, 2006, reporting net income of $716,600, or $0.10 per share. For the year-ended November 30, 2006, BAB had revenues of $3,917,400 and net income of $716,600, or $0.10 per share, versus revenues of $5,125,100 and net income of $692,900, or $0.10 per share for fiscal year 2005. The company also reduced debt by $266,800, or 38%, since fiscal year-end 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 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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