Industry News | March 28, 2000

Blimpie Declares Dividend

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Blimpie International, Inc. (Amex: BLM - news) announced March 27 the second payment of a semi-annual dividend for the Company's fiscal year ending June 30, 2000. The Company will pay $.035 per share on April 21, 2000 to shareholders of record at the close of business on April 7, 2000.

Headquartered in New York, Blimpie International, Inc. franchises Blimpie Subs & Salads and Pasta Central and is the majority owner of Maui Tacos International, Inc., the franchisor of Maui Tacos and Smoothie Island. Blimpie Subs & Salads, a quick-service sandwich chain, has more than 2,100 units operating in locations throughout the United States and in 14 other countries. The Company also owns a subsidiary, B I Concept Systems, Inc., a professional design and equipment service company.