Big City Bagels Reports Third Quarter and Nine Months Results.

HICKSVILLE, N.Y.--(BUSINESS WIRE)--Nov. 14, 1997--Big City Bagels, Inc., (NASDAQ:BIGC) announced today results for its third quarter and nine months ended Sept. 30, 1997.

Revenues for the quarter ended Sept. 30, 1997 totaled $705,893 a 15% increase over revenues of $611,690 reported for the third quarter of 1996. The company reported a net loss of ($519,848), or ($0.10) per share, for the quarter ended Sept. 30, 1997, compared with a net loss of ($495,551), or ($0.10) per share, for the third quarter of 1996. There were 5,331,848 and 4,808,750 weighted average common shares outstanding for the 1997 and 1996 quarters, respectively.

Revenues for the nine months ended Sept. 30, 1997 were $2,100,066, a 20% increase over revenues of $1,747,635 reported for the nine months ended Sept, 30, 1996. Net loss for the nine months ended Sept. 30, 1997 was ($1,999,486), or ($0.39) per share, compared to ($1,812,255) or ($0.46) per share, reported for the nine months ended Sept. 30, 1996. There were 5,065,823 and 3,933,079 weighted average common shares outstanding for the nine month periods ended Sept. 30, 1997 and 1996 respectively.

Mark A. Weinreb, Chairman and Chief Executive Officer of Big City Bagels, commenting on the financial results said, "This quarter represents our third consecutive quarter of declining losses. We continued to expand our business into new states with the signing of a multi-unit location development franchise agreement in North Carolina as well as a licensing agreement with Total Petroleum, Inc. (AMEX:TPN), marking our introduction into Colorado." Weinreb added, "Through the special reduction in the exercise price of our warrants and other financing efforts, to date we have raised approximately $3 million. This funding has strengthened our cash position affording us the opportunity to proceed with our strategic growth plan."

Big City Bagels, operates and franchisees upscale New York bagel bakery cafes specializing in oversized, fresh-baked bagels and other breakfast and lunch products. Currently, the company has 15 stores in operation and has sold more than 33 franchises. The company also provides bagels to numerous restaurants, airlines, hotel chains and hospitals. -0-

This press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. Such risks and uncertainties are described in the company's filings with the SEC.

This release is available on the KCSA Worldwide website at www.kcsa.com.

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                      Big City Bagels Inc.
                      Financial Highlights

                                     Three Months Ended
                                           Sept 30
                                         (Unaudited)

                                     1997          1996

Revenues                           $705,893      $611,690

Net Loss                           (519,848)     (495,551)

Net loss per common share             (0.10)        (0.10)

Weighted average number of common
 shares outstanding               5,331,848     4,808,750
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                                     Nine Months Ended
                                          Sept.30
                                        (Unaudited)

                                     1997          1996

Revenues                         $2,100,066    $1,747,635

Net Loss                         (1,999,486)   (1,812,255)

Net loss per common share             (0.39)        (0.46)

Weighted average number of common
 shares outstanding               5,065,823     3,933,079

CONTACT: Big City Bagels Inc., Hicksville

Mark Weinreb, 516/932-5050

or

KCSA, New York

Adam I. Friedman/Jeff Corbin

212/682-6300, ext 215/214