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Agency / Source: BAB Systems, Inc.

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BAB, Inc. Reports Profit for 1st Quarter FY 2011 - BAB, Inc. (OTC BB: BABB), announced its financial results for the first quarter ended February 28
BAB, Inc. Reports Profit for 1st Quarter FY 2011

 

PRZOOM - /newswire/ - Deerfield, IL, United States, 2011/04/05 - BAB, Inc. (OTC BB: BABB), announced its financial results for the first quarter ended February 28. OTCBB: BABB

   
 
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For the quarter ended February 28, 2011, BAB had revenues of $720,000 and net income of $35,000, or $0.005 per share, versus revenues of $648,000 and net income of $21,000, or $0.003 per share, for the quarter ended February 28, 2010. Total operating expenses were $684,000 for the quarter ended February 28, 2011, versus $626,000 for the same period in 2010.

BAB, Inc. operates, franchises, and licenses Big Apple Bagels ®, My Favorite Muffin ® Jacobs Bros. Bagels ® and Brewster’s ® Coffee. The Company’s stock is traded on the OTCBB under the symbol BABB and its website.

BAB, INC. CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS QUARTER ENDED 02/28/11 02/28/10 % Change

REVENUES
Royalty fees from franchised stores 399,220 407,615 -2.1 %
Net sales by company-owned stores 93,733 104,730 -10.5 %
Franchise and area development fee revenue 84,300 25,000 237.2 %
Licensing fees and other income 142,359 110,236 29.1 % 719,612 647,581 11.1 %

OPERATING COSTS AND EXPENSES

Food, beverage and paper costs 32,862 29,742 10.5 %
Store payroll and other operating expenses 67,246 83,812 -19.8 %
Selling, general and administrative 576,189 506,324 13.8 %
Depreciation and amortization 7,423 6,101 21.7 % 683,720 625,979 9.2 %
Income / (loss) before interest, other and taxes 35,892 21,602 66.2 %
Interest expense (2,127 ) (2,427 ) -12.4 %
Interest income 1,090 1,579 -31.0 %
Net Income / (Loss) 34,855 20,754 67.9 %
Earnings per share - basic 0.005 0.003 N/M
Average number of shares outstanding 7,263, 508 7,263, 508 N/M
Earnings per share - diluted 0.005 0.003 N/M
Average number of shares outstanding 7,264, 561 7,263, 508 N/M.

 
 
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Agency / Source: BAB Systems, Inc.

 
 

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BAB, Inc. Reports Profit for 1st Quarter FY 2011

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Contact: Michael K. Murtaugh - BABcorp.com 
847-948-7520
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any BAB Systems, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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