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To: Gerald Merna who wrote (90)	7/8/1998 11:53:00 AM
From: Wesley Davis	Respond to of 582

For any day traders out there, check out crdm today. Stock was about a double to 5.50 on an announcement earlier today. Joe Kernen came on cnbc and mentioned it. Stock flew to almost 11. Has backed off to low 7's. If Kernen mentions again, could head back up. Play at your own risk! The ison announcement seems to have been a non event. Any comments from anyone? Wesley

To: Gerald Merna who wrote (90)	7/8/1998 12:06:00 PM
From: Madeleine Harrison	Read Replies (1) \| Respond to of 582

Hi Jerry! ~~~~~~~~~~~~~~~ Anyone still following NWCI? (PR NEWSWIRE) DJ: New World Reports Insider Purchases DJ: New World Reports Insider Purchases NEW YORK, July 8 /PRNewswire/ -- New World Coffee & Bagels, Inc. (Nasdaq: NWCI) reported today that CEO and President Ramin Kamfar and CFO Jerry Novack have acquired 27,500 and 38,333 additional shares of common stock from the Company, respectively. "The acquisition of these shares is a sign of our confidence in the Company's short- and long-term prospects," Mr. Kamfar said. "With the continued progress of our franchise program and the ongoing conversion of our stores to the combined coffee and bagel format, we believe the Company will continue on a growth path that will increase revenues and profitability." Founded in 1993, New World Coffee & Bagels currently owns, operates and franchises stores in New York, New Jersey, Pennsylvania, Connecticut, Maryland, Florida and Germany. The Company's stores are the first in the industry to combine fresh-brewed coffee and fresh-baked bagels under one roof. This two-in-one concept allows New World Coffee & Bagel stores to generate continuous traffic for breakfast, lunch and between meals, maximizing store sales.