Crumbs Bake Shop, Inc. Announces Change to Board of Directors

PRESS RELEASE

NEW YORK, Feb. 5, 2014 /PRNewswire/ -- Edward M. Slezak, interim Chief Executive Officer and General Counsel of Crumbs Bake Shop, Inc. ("Crumbs") (NASDAQ: CRMB), has been elected to the Board of Directors following the January 30th resignation of Chairman of the Board, Edwin H. Lewis. In addition to his role as interim Crumbs Chief Executive Officer, Mr. Slezak also brings to the Board of Directors his many years of experience and expertise in the areas of legal, regulatory and compliance functions, including public company securities matters. Mr. Lewis had served as a director and as Chairman of the Board of Crumbs Bake Shop, Inc. since May 2011.

"I have enjoyed my tenure as a director and Chairman of the Board of Directors of Crumbs. I am confident that Ed will be an asset to the Board and will play a critical role in the long-term growth and success of Crumbs," said Mr. Lewis.

"The Board of Directors and management team at Crumbs are committed to implementing our new business plan, as we position the company for growth and the continued evolution of our brand," said Mr. Slezak.

As announced earlier this year, the company has developed a revised business plan for 2014 and beyond and remains in collaboration with Fischer Enterprises, owner of Dippin' Dots, Inc. (www.dippindots.com) to develop and execute a franchising model for its brick and mortar stores. To strengthen this collaboration, Fisher Enterprises will be nominating two members for the Crumbs' Board of Directors. Pending ratification by the Nominating and Governance Committee of the company's Board of Directors, the nominees will stand for election by the shareholders at the Crumbs Bake Shop, Inc. Annual Shareholders Meeting to be held in June 2014.

SOURCE Crumbs Bake Shop, Inc.

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