Message #20 From:
NewsBot Date: February 22, 2008 04:21:33 PM
BAB, Inc. Reports Profit for Year-Ended 11/30/07
BAB, Inc. (OTCBB: BABB) today announced the
financial results for its fiscal year-ended November 30, 2007, reporting
net income of $1,243,700, or $0.17 per share.
For the year-ended November 30, 2007, BAB had revenues of $3,994,900 and
net income of $1,243,700, or $0.17 per share, versus revenues of $3,917,400
and net income of $716,600, or $0.10 per share for fiscal year 2006.
Included in 2007 net income was a $500,000 deferred tax benefit recognized
for a reduction in the valuation reserve associated with the tax benefit of
net operating loss carryforwards for income tax purposes. There was no
such benefit recorded in 2006.
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
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.
