Blimpie International, Inc. (Amex: BLM)
announced today that it has filed preliminary proxy materials with the SEC in connection with a
special meeting of shareholders to be held to consider and vote upon its previously announced
proposed acquisition of the company by a private investor group.
Blimpie International, Inc. (Amex: BLM) and a private investor group have signed a
definitive agreement under which the investor group would purchase all outstanding shares of the company's common stock.