DEERFIELD, Ill. - November 05, 2015 - (BUSINESS WIRE) - BAB Systems, Inc., the franchising subsidiary of BAB, Inc. (OTCQB: BABB) today announced the opening of a new Big Apple Bagels in Dubai, UAE. The new Dubai store is the first to open under BAB’s Master Franchise Agreement with Mont Royal General Trading LLC for the development of Big Apple Bagels stores throughout the Middle East. The store is located in Wafi Mall, Wafi City, Dubai and is adjacent to Cherry Berry® frozen yogurt. Wafi is considered one of Dubai’s foremost luxury malls, including over 350 shops and over 30 restaurant concepts from around the world.
BAB’s Master Franchisee, Mont Royal General Trading LLC, focuses on acquiring master franchising agreements with successful international food and beverage brands. Mont Royal intends to expand throughout the Middle East via direct investments and partnerships as well as through sub-franchising. Pursuant to its Agreement with BAB, at least thirty Big Apple Bagels stores are scheduled to open over a ten-year period. The Agreement calls for BAB to receive royalties of at least three-percent of sales in all stores opened under the Agreement.
The menu at the Dubai Big Apple Bagels stays true to BAB’s core menu concept of bagels, breakfast and lunch sandwiches, My Favorite Muffin® muffins and Brewster’s® specialty coffee drinks, while incorporating many locally popular ingredients to accommodate customer flavor preferences.
BAB, Inc. franchises and licenses Big Apple Bagels®, My Favorite Muffin®, SweetDuet® frozen yogurt and Brewster’s® coffee. The Company’s stock is traded on the OTCQB 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.
SOURCE BAB, Inc.
Michael K. Murtaugh