SOURCE: Big Apple Worldwide, Inc.

March 04, 2008 09:59 ET

Big Apple Worldwide, Inc. Announces Reduction of 19 Billion Authorized Shares

NEW YORK, NY--(Marketwire - March 4, 2008) - Big Apple Worldwide, Inc. (PINKSHEETS: BPWI) is pleased to announce that the Company's Board of Directors has approved a reduction in the number of authorized shares from 20 billion to 1 billion, effective February 22, 2008. It believes the current share price is not in line with the value of the Company and that the reduction of authorized shares will improve the share price and increase the overall value of the Company.

Big Apple Worldwide, Inc. management also wishes to inform shareholders that the Company has re-incorporated in the State of Nevada, having been previously incorporated in the State of Delaware. This change will not affect the day-to-day operations of the Company, but will allow it to work more efficiently and provide shareholders better access to Company information.

"The Board of Directors decided that a reduction in the number of authorized shares would have a positive effect on both our share price and shareholder confidence. We believe our shareholders should have easy access to Company information online and are very excited about the future of our Company and its subsidiaries in the coming months and years," stated Neal Jablon, CEO and President of Big Apple Worldwide, Inc.

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 the retail industry, placing its "No More Books™" 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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