SOURCE: Big Apple Worldwide, Inc.

August 10, 2007 09:28 ET

Big Apple Worldwide, Inc. Receives New Ticker Symbol BPWI

NEW YORK, NY--(Marketwire - August 10, 2007) - Big Apple Worldwide, Inc. (PINKSHEETS: BPWI) announced today that the Company has completed the restructuring of its stock, effective August 10, 2007, and will be trading under the new ticker symbol BPWI. The former symbol was BPWW. The Company has implemented a 250 to 1 reverse stock split of its outstanding common stock for shareholders of record as of August 10.

The Big Apple Worldwide Board of Directors approved the capital restructuring to better position the Company for investment, reduce market volatility and position itself for profitability in the next 12 to 18 months. The Company will be placing its "No More Books™" kiosks in retail stores starting in New York City and Chicago in the coming months with the goal of revolutionizing the way consumers shop for wallcoverings. The kiosks will replace the heavy, space-consuming sample books with a Web-based system powered by a database of thousands of wallcovering choices from numerous manufacturers. This new system is estimated to reduce the time consumers spend selecting wallcovering by over 90 percent and reduces the retail floor space needed by over 95 percent.

"The financial restructuring has been completed and we look forward to the rollout of our kiosk program. We are in the midst of testing the kiosk's Web-based ordering system, and eagerly await the installation of the kiosks in retail locations throughout the United States," stated Neal Jablon, 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 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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