BAB, Inc. Reports Profit for 1st Quarter FY 2008

DEERFIELD, IL--(Marketwire - April 1, 2008) - BAB, Inc. (OTCBB: BABB) announced its financial results for the first quarter ended February 29, 2008, reporting net income of $143,000, or $0.02 per share, versus $121,000, $0.02 per share, for the same quarter last year.

For the quarter ended February 29, 2008, BAB had revenues of $971,000 and net income of $143,000, or $0.02 per share, versus revenues of $951,000 and net income of $121,000, or $0.02 per share for the quarter ended February 28, 2007.

Total operating expenses of $838,000 were down 1% from $843,000 for the same period in 2007. Total operating expenses as a percent of revenues were 86.2% for the 2008 quarter versus 88.7% in 2007.

BAB, Inc. operates, franchises, and licenses Big Apple Bagels ®, My Favorite Muffin ®, Jacobs Bros. Bagels ® and Brewster's ® Coffee. The Company's stock is traded on the OTCBB under the symbol BABB and its web site can be visited at www.babcorp.com.

Certain statements in this press release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "estimate," "project," "intend," "expect," "should," "would," "believe" and similar expressions and all statements which are not historical facts are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the company's actual results, performance (financial or operating), or achievements to differ from the future results, performance (financial or operating), or achievements expressed or implied by such forward-looking statements. The above factors are more fully discussed in the company's SEC filings.


(TABLE FOLLOWS)

BAB, INC.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS



QUARTER ENDED

02/29/08 02/28/07 % Change

REVENUES

Royalty fees from franchised stores 514,216 527,477 -2.5%
Net sales by company-owned stores 116,186 115,273 0.8%
Franchise and area development fee revenue 105,000 77,500 35.5%
Licensing fees and other income 236,045 230,928 2.2%
--------- --------- ---------
971,447 951,178 2.1%

OPERATING COSTS AND EXPENSES

Food, beverage and paper costs 39,681 33,807 17.4%
Store payroll and other operating expenses 118,623 115,340 2.8%
Selling, general and administrative 670,819 679,050 -1.2%
Depreciation and amortization 8,647 15,155 -42.9%
--------- --------- ---------
837,770 843,352 -0.7%

Income before interest, other and taxes 133,677 107,826 24.0%

Interest expense (2,987) (5,024) -40.5%
Interest income 12,490 17,778 -29.7%

--------- --------- ---------
Net Income 143,180 120,580 18.7%
========= ========= =========

Earnings per share - basic 0.02 0.02 N/M
Average number of shares outstanding 7,263,508 7,256,855 N/M

Earnings per share - diluted 0.02 0.02 N/M
Average number of shares outstanding 7,271,335 7,273,812 N/M

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