SOURCE: Big Apple Worldwide, Inc.

April 11, 2006 09:23 ET

Big Apple Worldwide Announces Letter of Intent to Acquire Big Apple Travel

NEW YORK, NY -- (MARKET WIRE) -- April 11, 2006 -- Big Apple Worldwide, Inc. (OTC: BPWW) and Big Apple Travel are pleased to announce that they have signed a mutual Letter of Intent for Big Apple Worldwide to acquire 100% of Big Apple Travel for restricted common shares of Big Apple Worldwide. The Company will disclose more information upon completion of the thirty-day due diligence period.

Big Apple Travel, Inc. is a full service travel company based in Longwood, Florida just outside of Orlando. The company has recently started expanding throughout the country by opening an office in Macomb, Michigan, as well as a retail location in Orlando, FL. Big Apple Travel is currently launching its first "BROCHURELESS TRAVEL AGENCY," which will eliminate the need for brochures by replacing them with virtual vacations viewed on plasma screens.

"We are very excited to sign a Letter of Intent with a growing company like Big Apple Travel. We believe that with their revolutionary travel agency, the company will establish themselves as a national leader in the travel industry," stated Neal Jablon, CEO and President of Big Apple Worldwide, Inc.

About Big Apple Worldwide, Inc.

Big Apple Worldwide currently owns Big Apple Wallcovering

Big Apple Wallcovering Inc., wholly owned subsidiary of Big Apple Worldwide, 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. The Company's reputation for design and craftsmanship continues to enhance interiors with an elegant and intelligent portfolio of products.

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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