CoolBrands International Inc. announced today that revenues for the quarter ended November 30, 2000 increased by 30% to $26,878,000 as compared with $20,743,000 for the quarter ended November 30, 1999. Net earnings for the first quarter of fiscal 2001 were $274,000 ($0.01 net earnings per share) as compared with a net loss of ($670,000) ($0.01 net loss per share) for the same period last year. Earnings before taxes were $494,000, as compared with a loss before taxes of ($1,070,000) for the first quarter of 2000, an increase of $1,564,000. EBITDA increased by $2,721,000, or 573%, to $3,196,000, from $475,000 for the same period last year.