SOURCE: Big Apple Worldwide, Inc.

October 01, 2007 08:30 ET

Big Apple Worldwide, Inc. Authorizes Stock Purchase of Up to 15 Million Shares

NEW YORK, NY--(Marketwire - October 1, 2007) - Big Apple Worldwide, Inc. (PINKSHEETS: BPWI) is pleased to announce that its Board of Directors has authorized a stock purchase of up to 15 million shares of common stock. The stock purchase would occur through both open market purchases from the board as well as through a private stock purchase from the Board's parent corporation, Big Apple Consulting USA, Inc., with a cutoff date of October 31, 2007.

The decision was based upon anticipated events in the short-term future as the Company works towards its goal of maximizing the return for shareholders and improving its price-earnings ratio. Management believes that the stock is undervalued and that the buy back program will be an effective means of increasing shareholder equity. The stock purchase will be available to Big Apple Worldwide, Inc. directors, officers and employees.

"Big Apple Worldwide has recently undergone several significant changes including the creation of various sales agreements, and we agreed that a stock purchase is the best way for our board to demonstrate its confidence in Big Apple Worldwide," stated Neal Jablon, CEO and President of Big Apple Worldwide, Inc.

Big Apple Worldwide, Inc. recently announced 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.

About Big Apple Worldwide, Inc.:

Big Apple Worldwide, Inc. (www.bigappleworldwide.com) is a holding company focused on serving the hospitality, leisure and retail 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 Wallcovering now enters retail industry, placing its "NoMoreBooks™" Kiosks into Major Retailers across the country. 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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