BAB receives a settlement for termination of an agreement
biz.yahoo.com
Monday December 1, 10:15 am ET
CHICAGO--(BUSINESS WIRE)--Dec. 1, 2003--BAB, Inc. (OTCBB:BABB - News). On November 26, 2003, BAB, INC., entered into a Settlement and Termination Agreement whereby all existing license agreements between BAB and HMS Host were terminated and BAB received a settlement payment of $525,000.00.
BAB, Inc. operates, franchises, and licenses Big Apple Bagels (R), My Favorite Muffin (R), Brewster's (R) Coffee and Jacob Bros. Bagels, a Chicago based bagel bakery chain. 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 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.
----------------------------------------------------------
Contact:
BAB, Inc.
Michael K. Murtaugh, 773-380-6100
Fax: 773-380-6183
www.babcorp.com |
