SOURCE: Big Apple Worldwide, Inc.
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September 28, 2007 08:30 ET
Big Apple Worldwide Announces Dividend to Shareholders
NEW YORK, NY--(Marketwire - September 28, 2007) - Big Apple Worldwide, Inc. (PINKSHEETS: BPWI)
is pleased to announce that its Board of Directors has approved a one for
one dividend of BPWI stock for shareholders of record as of Oct. 31, 2007.
Shareholders of record will receive one share of Big Apple Worldwide
restricted stock for every one share of stock held. The Board believes that
the dividend will continue to promote interest in the stock, as well as the
Company.
"With the recent agreements for our 'No More Books™' kiosks with major
retailers, Big Apple Wallcovering is positioned to be a major player in the
wallcovering and home decorating marketplace. We are pleased to have
developed this company to the point that we can reward our loyal
shareholders who have participated in our growth," stated Neal Jablon, CEO
and President of Big Apple Worldwide, Inc.
Big Apple Worldwide, Inc. recently announced that its wholly owned
subsidiary, Big Apple Wallcovering, Inc., has entered into an agreement
with multiple major retailers to place its "No More Books™" kiosks in
stores throughout the United States. The agreement will make Big Apple
Wallcovering the exclusive seller of wallcoverings for the retailers,
potentially leading to similar agreements at additional retail outlets
nationwide.
About Big Apple Worldwide, Inc.:
Big Apple Worldwide, Inc. (www.bigappleworldwide.com) is a holding company
focused on serving the hospitality and leisure market. Big Apple
Wallcovering, Inc. (www.bigapplewallcovering.com) is a wholly owned
subsidiary of Big Apple Worldwide and has inspired the Architecture and
Design community with cutting-edge design and the manufacturing of
architectural wallcovering and fabrics for hospitality, private offices and
commercial interiors. Big Apple Worldwide, Inc. also recently purchased
Elabrient Surfaces (www.elabrient.com), which is a commercial interior
design development and manufacturing company specializing in commercial
wallcovering. Big Apple Travel, Inc. (www.bigappletravel.com), a wholly
owned subsidiary of Big Apple Worldwide, Inc., is a full-service travel
agency and features a next generation travel salon in Orlando, Florida.
Safe Harbor Act: This release includes forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995 that involves risks and uncertainties including, but not
limited to, the impact of competitive products, the ability to meet
customer demand, the ability to manage growth, acquisitions of technology,
equipment, or human resources, the effect of economic business conditions,
and the ability to attract and retain skilled personnel. The Company is not
obligated to revise or update any forward-looking statements in order to
reflect events or circumstances that may arise after the date of this
release.
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