(COMTEX) B: BIG ENTERTAINMENT (BIGE) SHARES MOVE TO NASDAQ NATIONAL M
B: BIG ENTERTAINMENT (BIGE) SHARES MOVE TO NASDAQ NATIONAL MARKET TRADING TO
BEGIN ON AUGUST 26TH UNDER SYMBOL BIGE
BOCA RATON, Fla., Aug 25, 1999 /PRNewswire via COMTEX/ -- Big
Entertainment, Inc. (Nasdaq: BIGE), which owns Hollywood.com and other
movie-related Internet businesses, today announced that the Company has
been approved for listing on the Nasdaq National Market. Big
Entertainment, Inc. has been listed on Nasdaq's SmallCap Market.
The shares will retain the "BIGE" symbol and will commence trading
onthe Nasdaq National Market effective August 26, 1999.
"Moving to the Nasdaq National Market marks an important step for our
Company and is a direct reflection of the shareholder value we continue
to achieve as we expand our Internet business," said Mitchell
Rubenstein, Chairman and Chief Executive Officer of Big Entertainment,
Inc. "Since the beginning of 1999, as part of our growth plan, Big has
entered into strategic relationships with over a dozen companies, all
designed to build upon our Hollywood.com movie entertainment
information and e-commerce business. The National Market will enable
our shares to be more accessible to a larger universe of the
institutional investor community and will increase our Company's
visibility in the financial community."
About the Nasdaq National Market The Nasdaq Stock Market is the largest
electronic, screen-based market in the world with the capacity to
handle share volume in excess of onebillion shares a day. Known for its
innovative, leading-edge growth companies, Nasdaq has two tiers: the
Nasdaq National Market, with Nasdaq's larger companies whose securities
are the most actively traded, and the Nasdaq SmallCap Market.
About Big Entertainment Big Entertainment, Inc. was founded by Mitchell
Rubenstein and Laurie S. Silvers, who earlier founded the Sci-Fi
Channel(TM). Big Entertainment owns Hollywood.com, bigE.com, and
CinemaSource, a combination of movie-related Internet businesses that
are being combined under the "Hollywood.com" brand. Hollywood.com
(www.hollywood.com) is a premier movie website; bigE.com (www.bige.com)
is a leading online movie studio store; and CinemaSource is the
nation's largest provider of movie showtimes tothe Internet. Big
Entertainment also owns entertainment properties created for it by
best-selling authors and media celebrities, including Leonard Nimoy and
Mickey Spillane. BigE recently announced that it has signed an
agreement in principle with CBS for CBS to receive an ownership
interest in Hollywood.com, bigE.com and CinemaSource in exchange for
$100 million of promotion and content support. Completion of the CBS
transaction is subject tofinalizing transaction documents and customary
closing conditions. As also previously announced, BigE has entered into
an agreement in principle to acquire the motion picture Internet and
data properties of media industry analyst Paul Kagan. Assets to be
purchased include pkbaseline.com, one of the largest and most
authoritative databases of movie and TV information.
(The matters discussed herein that are forward-looking statements are
based on current management expectations that involve risks and
uncertainties that may result in such expectations not being realized.
Potential risksand uncertainties include, but are not limited to, the
risks described in Big Entertainment's filings with the Securities and
Exchange Commission.)
SOURCE Big Entertainment, Inc.
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com -0-
CONTACT: Mitchell Rubenstein of Big Entertainment, 561-998-8000, or
mitch@bige.com; or Investor Relations: Mark Cohen of The
Pinnacle Group,
516-773-2477, for Big Entertainment
/Company News On-Call:
prnewswire.com or fax,
800-758-5804, ext. 094769
WEB PAGE: bige.com
GEOGRAPHY: Florida
INDUSTRY CODE: ENT
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