Babb

Edusity & the Babb Group Announce Strategic Merger

Retrieved on: 
Tuesday, February 1, 2022
B2B, CEO, Learning, Curriculum, Technology, Educational technology, Education, COO, Babb, B2C, Tutoring

EdTech Platform and Academic Consultancy Join Forces to Provide Full Complement of Online Curriculum and Online Education Delivery Services

Key Points: 
  • Mississauga, Ontario and Newport Beach, California--(Newsfile Corp. - February 1, 2022) - Edusity, an EdTech company best known for its online course delivery platform, and the Babb Group, a leading academic consultancy focused on online curriculum development and professor recruitment, have formed a strategic merger.
  • "It's clear we won't be going back to our pre-pandemic 'normal' in education," said Sheila Fry, COO of the Babb Group.
  • "Both Edusity and the Babb Group are committed to removing barriers to education," said Arvind Betala, Co-Founder of Edusity.
  • The Babb Group offers academic services in online curriculum development, instructional design, subject matter expertise and professorial recruitment.

BAB, Inc. Reports Results for 2nd Quarter FY 2021

Retrieved on: 
Thursday, July 8, 2021
CARES Act, Presidency of Donald Trump, Babb

DEERFIELD, Ill., July 08, 2021 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB), announced its financial results for the second quarter ended May 31, 2021.

Key Points: 
  • DEERFIELD, Ill., July 08, 2021 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB), announced its financial results for the second quarter ended May 31, 2021.
  • Net income in 2021 includes $228,155 of non-taxable loan forgiveness from the Payroll Protection Program loan enacted under the CARES Act in 2020.
  • The loan was forgiven in the first quarter of 2021.
  • Total operating expenses for the quarter ended May 31, 2021, were $627,000, versus $423,000, in 2020.

BAB, Inc. Reports Year-ended 11/30/20 Results

Retrieved on: 
Friday, February 12, 2021
Internal Revenue Code, Net operating loss, Taxation in the United States, OTC Markets Group, Fiscal year, Babb, Deerfield, Illinois, Net income, Finance, Economy, Business

DEERFIELD, Ill., Feb. 12, 2021 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB) announced its financial results for its fiscal year-ended November 30, 2020, reporting a loss of $66,000, or $0.01 per share.

Key Points: 
  • DEERFIELD, Ill., Feb. 12, 2021 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB) announced its financial results for its fiscal year-ended November 30, 2020, reporting a loss of $66,000, or $0.01 per share.
  • Income from operations for fiscal 2020 is $233,000 compared to $473,000 in 2019.
  • The tax adjustments that affected net income were due to Federal net operating losses (NOLs) that were unused and expired in 2020.
  • Total operating expenses for the year ended November 30, 2019, were $2,138,000 versus $2,596,000 for the year ended November 30, 2019.

BAB, Inc. Reports Results for 3rd Quarter FY 2020

Retrieved on: 
Tuesday, October 6, 2020
Expense, Intellectual property law, Patent law, Royalty payment, Franchising, Babb

DEERFIELD, Ill., Oct. 06, 2020 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB), announced its financial results for the third quarter ended August 31, 2020.

Key Points: 
  • DEERFIELD, Ill., Oct. 06, 2020 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB), announced its financial results for the third quarter ended August 31, 2020.
  • Royalty revenue, license fees and other income and marketing fund revenue all decreased for the third quarter 2020 because of the effect of the Coronavirus pandemic on franchisee sales.
  • Franchise fees increased $2,000 for the third quarter 2020 versus the same period 2019.
  • The Coronavirus pandemic which occurred in the second quarter 2020 has affected the revenues and net income, creating lower revenues and reduced net income in 2020 compared to 2019.

BAB, Inc. Reports Results for 2nd Quarter FY 2020

Retrieved on: 
Friday, July 10, 2020
Articles, Global health, Economy, Expense, Intellectual property law, Patent law, Royalty payment, Babb, Revenue, Pandemic, Net income, Franchising

DEERFIELD, Ill., July 10, 2020 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB)announced its financial results for the second quarter ended May 31, 2020.

Key Points: 
  • DEERFIELD, Ill., July 10, 2020 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB)announced its financial results for the second quarter ended May 31, 2020.
  • Royalty revenue, license fees and other income and marketing fund revenue all decreased for the second quarter 2020 because of the effect of the Coronavirus pandemic on franchisee sales.
  • The Coronavirus pandemic which occurred in the second quarter 2020 has affected the revenues and net income, creating lower revenues and a year to date loss.
  • Total operating expenses for the quarter ended May 31, 2020, were $423,000, versus $641,000 in 2019.

Spectrio Welcomes Daniel Babb as Senior Vice President of Technology

Retrieved on: 
Thursday, June 11, 2020
VoIP, Software, Other Retail, Hardware, Technology, Other Communications, Retail, Engineering, Marketing, Advertising, Audio, Video, Communications, Manufacturing, Babb

Spectrio , one of the nations leading providers of customer engagement solutions, announced the appointment of Daniel Babb as Senior Vice President of Technology of the Tampa-based company that serves more than 100,000 customer locations nationwide.

Key Points: 
  • Spectrio , one of the nations leading providers of customer engagement solutions, announced the appointment of Daniel Babb as Senior Vice President of Technology of the Tampa-based company that serves more than 100,000 customer locations nationwide.
  • View the full release here: https://www.businesswire.com/news/home/20200611005567/en/
    Daniel Babb, Spectrio SVP of Technology (Photo: Business Wire)
    Before joining Spectrio, Babb was Chief Operating Officer at Advice Local, an award-winning local presence management company located in Dallas-Fort Worth.
  • Prior to his tenure at Advice Local, Babb was Vice President of Technology at TEGNA.
  • I am excited to be joining a company that is committed to improving the customer experience using unique technology and content, said Daniel Babb, Spectrio SVP of Technology.

BAB, Inc. Reports Annual Meeting Date Change

Retrieved on: 
Friday, May 8, 2020
OTC Markets Group, Deerfield, Illinois, Babb, Big Apple Bagels, Illinois

DEERFIELD, Ill., May 08, 2020 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB) (the Company)announces today that its annual meeting of shareholders (the Meeting), originally scheduled to be held on May 22, 2020, is being cancelled and will be rescheduled to July 2, 2020, at 11:00 a.m. at 540 Lake Cook Road (within Corporate 500 Centre complex), Deerfield, IL 60015.

Key Points: 
  • DEERFIELD, Ill., May 08, 2020 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB) (the Company)announces today that its annual meeting of shareholders (the Meeting), originally scheduled to be held on May 22, 2020, is being cancelled and will be rescheduled to July 2, 2020, at 11:00 a.m. at 540 Lake Cook Road (within Corporate 500 Centre complex), Deerfield, IL 60015.
  • The Company is following the recent directives and advice issued by the Governor of the State of Illinois, who recently extended existing stay-at-home measures through May 30, 2020.

BAB, Inc. Reports Results for 1st Quarter FY 2020

Retrieved on: 
Thursday, April 9, 2020
Net income, Profit, Babb, Income

DEERFIELD, Ill., April 09, 2020 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB), announced its financial results for the first quarter ended February 29, 2020.

Key Points: 
  • DEERFIELD, Ill., April 09, 2020 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB), announced its financial results for the first quarter ended February 29, 2020.
  • For the quarter ended February 29, 2020, BAB had revenues of $696,000 and net income of $43,000, or earnings of $0.01 per share, versus revenues of $712,000 and net income of $97,000, or earnings of $0.01 per share for the quarter ended February 28, 2019.
  • Total operating expenses were $638,000 for the quarter ended February 29, 2020 versus $611,000 for February 28, 2019.
  • For February 29, 2020 there was a $15,000 income tax expense recorded compared to $5,000 for February 28, 2019.

BAB, Inc. Announces Cash Distribution

Retrieved on: 
Thursday, December 5, 2019
Food and drink, Breads, Foods, Big Apple Bagels, OTC Markets Group, Babb, Bab, English muffin, Muffin, Forward-looking statement, Forecast, Coffee

The final determination will be reported to recipients of the Distributions on a tax information return in early 2021.

Key Points: 
  • The final determination will be reported to recipients of the Distributions on a tax information return in early 2021.
  • BAB, Inc. franchises and licenses Big Apple Bagels, My Favorite Muffin, SweetDuet and Brewsters coffee.
  • The Companys stock is traded on the OTCQB under the symbol BABB and its web site can be visited at www.babcorp.com.
  • 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.

XenTegra Coming to Canada Through Acquisition

Retrieved on: 
Thursday, August 1, 2019
Babb, If, Whiteside, Enablement

XenTegra has acquired the Canadian entity from Babb Technology Services Incorporated and has officially formed XenTegra Canada Incorporated.

Key Points: 
  • XenTegra has acquired the Canadian entity from Babb Technology Services Incorporated and has officially formed XenTegra Canada Incorporated.
  • "I am pleased and excited to be a part of what is happening with Xentegra Canada," said Broderick Batts, CEO of Babb Technology Services.
  • As part of the transition, Tabassum Anwar will assume the role of Managing Director of Canada for XenTegra, reporting to XenTegra CEO, Andy Whiteside.
  • "We know the XenTegra model will be very successful in Canada and will differentiate ourselves by leading with our enablement methodology," said Pete Downing, CMTO at XenTegra.