SOURCE: Big Apple Worldwide, Inc.

June 13, 2006 10:28 ET

Big Apple Worldwide Completes the Acquisition of Elabrient Surfaces, LLC

NEW YORK, NY -- (MARKET WIRE) -- June 13, 2006 -- Big Apple Worldwide, Inc. (PINKSHEETS: BPWW) announced today that they have completed the acquisition of Elabrient Surfaces, LLC. The acquisition enables Big Apple Worldwide to strengthen their position in the industry by adding a company that offers their customers a "one-stop shop" for custom surface, design, development, and manufacturing of commercial wallcovering.

Elabrient Surfaces is focused on serving all segments of the contract market including hospitality, healthcare, corporate, retail stores and restaurants. In addition, Elabrient creates design concepts for a wide array of commercial surfaces such as laminates, upholstery, panels, partitions, and murals. Elabrient Surfaces is a vertically integrated company, where the client's wallcovering is designed, developed, and manufactured all through one source so the customer does not have to work through an extensive complex chain of various companies in order to design and produce their final product. Elabrient's team has over 50 years experience in the designing, marketing, and manufacturing of commercial wallcovering and has completed projects for such well-known locations as the Radio City Music Hall, Mandalay Bay Resort, Hilton Hotels and Hyatt Hotels.

"We are excited to complete the acquisition of Elabrient Surfaces where their unique business model will put us one step ahead of the competition. Having Gary T. Rizzo as President of Elabrient Surfaces and Joe Kildone as Artistic Director as members of the team will further enhance the strategic position of Big Apple Worldwide in the marketplace. Through Big Apple Worldwide's merger and acquisition strategy, we will continue to strengthen our position in our key markets while increasing revenues and profitability," stated Bill Byron, Vice President of Big Apple Worldwide, Inc.

About Big Apple Worldwide, Inc.

Big Apple Worldwide, Inc. is a holding company focused on serving the hospitality and leisure market. Big Apple Wallcovering Inc. 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. 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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