BS Acquisition Group Fully Committed to its All-Cash Offer to Acquire All of the Outstanding Shares of BigStar Entertainment, Inc.

Business Editors

NEW YORK--(BUSINESS WIRE)--Oct. 11, 2001

BS Acquisition Group ("BS Acquisition"), a privately held company, which owns approximately 12.13% of the outstanding common stock of BigStar Entertainment, Inc., (OTCBB:BGST.OB) and which previously made an all-cash offer on August 21, 2001 to acquire all of the outstanding shares of Common Stock of BigStar for $0.12 per share, announced that it remains fully committed to its proposal and would like to complete the transaction as soon as possible.

In a letter to the Board of Directors of BigStar, which was submitted in response to the Company's requests, BS Acquisition has conclusively demonstrated the financial ability to complete the transaction as proposed.

Ruby Azrak, managing member of BS Acquisition, reiterated that: "We believe that our all-cash offer, which represented a 41% premium to the Company's closing market price on August 21, 2001--the date that the offer was made, and currently represents a 20% premium to the Company's closing market price of $0.10 on October 10, 2001, provides the shareholders the greatest opportunity to immediately maximize their current investment in the Company."

Ruby continued: "The proposed reverse merger with Athlete.com is clearly not in the best interests of the shareholders. The proposed reverse merger is an all-stock transaction with a dot-com company that has no web site and whose listed telephone number has been disconnected. Given the negative conditions in the marketplace as it relates to Internet companies, it is extremely difficult to see how this reverse merger transaction allows shareholders to maximize their current investment in the Company."

Ruby concluded, "We are anxious to obtain access to the books and records of the Company to commence work immediately in order to satisfy the due diligence contingencies."

This press release contains information that may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although BS Acquisition believes that the expectations reflected in the forward-looking statements and assumptions upon which forward-looking statements are based are reasonable, it can give no assurance that such expectations and assumptions will prove to be correct.