Industry News | March 20, 2001

Blimpie Declares Semi-Annual Dividend

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Blimpie International, Inc. (Amex: BLM)announced today the second payment of a semi-annual dividend for the company's fiscal year ending June 30, 2001. The company will pay $.035 per share on April 16, 2001 to shareholders of record at the close of business on April 2, 2001.

Headquartered in New York, Blimpie International, Inc. franchises Blimpie® Subs & Salads and Pasta Central(TM) and is the majority owner of Maui Tacos International, Inc., the franchisor of Maui Tacos (TM) and Smoothie Island(TM). Blimpie Subs & Salads, a quick-service sandwich chain, has approximately 2,000 units operating in locations throughout the United States and in 13 other countries. The Company also owns a subsidiary, B I Concept Systems, Inc., a professional design and equipment service company.