Market Overview

BAB Systems, Inc. Restructures Relationship with UAE Developer

Share:





BAB Systems, Inc., the wholly owned subsidiary of BAB, Inc.
(OTCQB:BABB), and Mont Royal General Trading LLC, now known as Mont
Royal Restaurant and Café, LLC ("Mont Royal"), today announced that they
have terminated the 2014 Master Franchise Development Agreement for the
development of Big Apple Bagels stores throughout the Middle East, and
entered into a new exclusive licensing agreement for the development of
Big Apple Bagels Cafés within the United Arab Emirates ("UAE"), which,
in addition to bagels, muffins and coffees, will offer a full service
dining experience and a broader menu than the typical Big Apple Bagels
store.

As a result of the termination of the 2014 agreement which extended
exclusive development rights to nine Middle East countries in addition
to UAE, the new agreement will apply only to UAE thereby releasing the
rest of the Middle East for further development and the new licensing
agreement will provide BAB with a fixed annual licensing fee for the
existing store and each subsequent store developed.

BAB, Inc. franchises and licenses Big Apple Bagels®, My Favorite
Muffin®, SweetDuet Frozen Yogurt & Gourmet Muffins® and Brewster's®
Coffee. The Company's stock is traded on the OTCQB 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.

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com