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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Market Tracker who wrote (1433)10/27/1998 9:42:00 AM
From: Market Tracker  Read Replies (1) of 1911
 
ROCKY HILL, Conn., Oct. 27 /PRNewswire/ -- Ames Department Stores, Inc. (Nasdaq: AMES) today announced that it will open its thirteenth store in New Jersey in the spring of 1999. Ames entered into a lease agreement with Kimco Realty Corporation, Inc., for the 77,834 square-foot store, which is located in the Cinnaminson Shopping Center on US Route 130 & Riverton Road in Cinnaminson, N.J.

Joseph R. Ettore, Ames' President and Chief Executive Officer, said, "We are delighted to announce our plans to open a store in Cinnaminson. Our customers will find that their Ames store will offer a friendly, easy-to-shop atmosphere where they will find 'Bargains By The Bagful' for the entire family."

With $2.2 billion in annual net sales, Ames Department Stores, Inc.
operates 301 stores in 14 Northeastern, Middle Atlantic and Midwestern states and the District of Columbia. Ames is a full-line discount retailer, offering a broad range of merchandise categories including family apparel, housewares, domestics, electronics, ready-to-assemble and patio furniture, jewelry, craft and pet supplies, health and beauty care items, stationery, sporting goods, toys and seasonal products.

For fax copies of Ames' most recent news releases, dial 1-800-758-5804
Ext. 036797. To find the location of the Ames store nearest you, dial
1-800-SHOP-Ames.

SOURCE Ames Department Stores, Inc.
-0- 10/27/98
/CONTACT: Lynn Riemer of Ames, 860-257-2659/
/Web site: amesstores.com
(AMES)
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