Jeremy’s MicroBatch® Ice Creams (NASDAQ: JMIC; BSE: JMI) announced today that Joseph Phillips has submitted his resignation as the President and Chief Executive Officer of the Company, and as a member of the Board of Directors, in order to pursue other interests.

Phillips has agreed to remain with the Company through October 27, 2000, to assist the Board with an orderly transition of management.

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More about Jeremy’s MicroBatch®

Inspired by the microbrew beer concept of using only the highest quality ingredients made in a limited number of barrels, Jeremy Kraus founded Jeremy’s MicroBatch® Ice Creams, Inc. in 1997, during his junior year at the University of Pennsylvania.

Currently available in more than 2,000 outlets throughout the United States and through MicroBatch® Direct at microbatch.com, Jeremy’s MicroBatch® Ice Creams mixes superpremium ice cream with high-quality ingredients in small batches to create the ultimate indulgence. The current flavor roster includes Vanilla Cream Stout, Purple Passion Pills, Eve’s Sinful Cider, Wired, Welcome to Tiramisu, Triple Espresso, Revenge of Chocolate Overload and Cinnamon Bun.

The statements in this news release contain forward-looking information within the meaning of the Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks, assumptions and uncertainties, including the ability to secure distribution.

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In each case, actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or modified) will not be realized.

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