Big City Bagels Completes IPO; Upscale Bagel Franchise plans Aggressive Expansion Campaign.HICKSVILLE, N.Y.--(BUSINESS WIRE)--June 19, 1996--Big City Bagels, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BIGC BIGC Beijing Institute of Graphic Communication (China) ), an operator and franchisor of upscale bagel bakery cafes, has successfully completed an initial public offering from which the company derived gross proceeds of $5.1 million. The company is listed on the NASDAQ SmallCap market under the symbols BIGC (common stock), BIGCW (warrant) and BIGCU (units). Proceeds from the IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. will be used primarily to expand franchise operations and increase the number of company-owned stores by both opening and acquiring existing bagel stores or chains. Big City Bagel's objective is to become a leading national chain of bagel bakery cafes. Incorporated in December, 1992, Big City Bagels currently has 11 stores in Arizona, California, Minnesota and Utah and has sold an additional 30 franchises, with 20 new locations slated to open in 1996. The company has also provided bagels to a major airline, numerous restaurants, prominent hotel chains and hospitals. Known for oversized o·ver·size n. 1. A size that is larger than usual. 2. An oversize article or object. adj. o·ver·size also o·ver·sized Larger in size than usual or necessary. bagels marketed under the slogan "A Bigger Bagel for Less Dough(R)", Big City Bagels are also distinguished by the fact that they are kettled (boiled) before baking and have toppings on both sides. The company offers traditionally flavored bagels as well as regional favorites such as jalapeno, sun dried tomato, pizza, chocolate chip Chocolate chips are small chunks of chocolate. They are often sold in a round, flat-bottomed teardrop shape (similar to a Hershey's Kiss). They are available in numerous sizes, from large to miniature, but are usually around 1 cm in diameter. and Hawaiian varieties. A specialty catering menu for small and large parties and a corporate office delivery program are also available. Each store's menu also includes homemade salads and sandwiches, gourmet coffees, lox and an assortment of deli meats, mini bagels, bialys and super-sized muffins. CONTACT: Big City Bagels, Hicksville Mark Weinreb, 516/932-5050 or S&S Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , Inc. Stacy Imyak, 847/291-8420 x 224 |
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