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BIG ENTERTAINMENT COMPLETES INITIAL PUBLIC OFFERING

 BOCA RATON, Fla., Nov. 15 /PRNewswire/ -- Big Entertainment, Inc. (NASDAQ: BIGE) announced the successful completion of its initial public offering of 1,500,000 shares of common stock at $8 per share on Friday, Nov. 12., 1993. The Company will receive approximately $10.5 million from the proceeds of the offering, excluding the exercise of the underwriters' over-allotment option. Funds will be used for general corporate purposes. The managing underwriter of the offering was RAS Securities Corp., New York.
 Big Entertainment, a development stage company, plans to publish comic books under the imprint Tekno-Comix, based upon a futuristic, "techno thriller" universe of characters being created for the Company primarily by best-selling authors, to market its universe and characters in various other media, such as multimedia CD-ROMs (which IBM has a license to produce), comic videos (to be produced by Disney-MGM Studios and Disney Animation Florida), and paperback books, and to further exploit its universe and original characters through licensing them for films, television series, toys and a wide array of other merchandise. Big Entertainment also intends to establish a chain of comic book kiosks (stores that are free standing within a mall or other facility) to sell both its own comic books and merchandise as well as comic books and related merchandise produced by others.
 -0- 11/15/93
 /CONTACT: Mitchell Rubenstein, chairman of Big Entertainment, 407-998-8000 or Diane Perry (general information) or (analyst information) Gretchen Chambers, both of Financial Relations Board, Inc., 212-661-8030/
 (BIGE)


CO: Big Entertainment, Inc. ST: Florida IN: ENT SU: OFR

LG -- NY014 -- 4176 11/15/93 08:12 EST
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Publication:PR Newswire
Date:Nov 15, 1993
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