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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Mr Metals who wrote (11974)	2/16/1999 9:28:00 PM
From: Mr_Merck	Respond to of 25711

BAGL news..................... CHICAGO--(BUSINESS WIRE)--Feb. 16, 1999--BAB Holdings, Inc. (Nasdaq: BAGL), the Chicago-based operator of Big Apple Bagels, My Favorite Muffin, and Brewster's Coffee concept stores, reported earnings of $.06 per share for the year ending November 30, 1998, compared to a loss of $.55 per share for the year ended November 30, 1997, as strategic initiatives implemented last year produced the planned results. "The integration of the My Favorite Muffin brand has benefits that reach beyond the traditional store environment. We anticipate revenues from the sales of gift baskets through BAB's new web-site will be a major element of future growth," said Evans. "We are currently preparing our new commissary to accommodate the opportunities available to develop this new mode of our gift business." Evans continued, "In addition, we are looking forward to further development within our international franchise system, which was launched in 1998 with the opening of three stores in Lima, Peru. We expect to see increased benefits from global development in 1999."