To: FUZFO who wrote (137 ) 9/21/1999 2:05:00 PM From: KS Respond to of 485
September 21, 1999 13:52 Zany Brainy Reaches 100th Store Milestone KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--Sept. 21, 1999--Zany Brainy, Inc. (Nasdaq National Market: ZANY), a leading specialty retailer of high quality toys, games, books and multimedia products, today announced the grand opening celebration of its 100th new store on September 24th in Bridgewater, NJ. "The opening of our 100th store is truly a milestone accomplishment for Zany Brainy," stated Keith C. Spurgeon, Chairman and CEO of Zany Brainy, Inc. "Over the past two years, we have focused on rapidly growing our store base by identifying demographically favorable locations in both new and existing markets. Since 1997, we have increased our store base by more than 100% and we plan to open at least 25 new stores next year." In celebration of its 100th store, Zany Brainy has scheduled ten days of special events in each of its stores. The free festivities will include special guest character appearances, giveaways, bubble-blowing contests, raffles for 100-second shopping sprees, and one $10,000 U. S. Savings Bond give-away for use toward a college education, courtesy of Hasbro, Inc. (NYSE: HAS). "Our 100th store opening provides us with a platform to reinforce our dedication to the development and education of children," continued Mr. Spurgeon. In addition, the Company will make donations to Toys for Tots, a national organization directed by the U. S. Marine Corps. to benefit underprivileged children, and the America Reads Challenge, a program that helps underprivileged children improve their reading skills. The Company also announced its recent new store grand openings in Las Vegas, Nevada; Snellville, Georgia; Fresno, California; Columbia, South Carolina; and its upcoming grand opening in Park Meadows, Colorado. Each grand opening celebration is free and open to the public and includes ribbon cutting ceremonies, live music, magic and appearances by storybook characters such as Winnie the Pooh, The Cat in the Hat and Curious George. "In the month of September we will open a total of six new stores and enter two new markets," concluded Mr. Spurgeon. "Our ability to successfully open new stores is a testament to the efficiencies of our business model and reflects the positive consumer acceptance of our stores." About Zany Brainy Zany Brainy, Inc. is a leading and rapidly growing specialty retailer of high quality toys, games, books and multimedia products for kids. The Company is a different kind of toy store with a unique product mission and a passionate commitment to its customers. Zany Brainy believes learning should be fun. Its products entertain, educate and spark the imaginations of children up to 12 years of age. The Company combines a distinctive merchandise offering with superior customer service and daily in-store events to create an interactive, "kid-friendly" and exciting shopping experience for children and adults. The Company presently operates 99 stores in 26 states. Certain statements in this report set forth management's intentions, plans, beliefs, expectations or predictions of the future based on current facts and analyses. Actual results may differ materially from those indicated in such statements. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the Securities and Exchange Commission. CONTACT: ZANY BRAINY, INC. Robert A. Helpert Chief Financial Officer 610/278-7800 or THE MWW GROUP Investor Relations - Tel. 212/704-9727 Robert Ferris -- rferris@mww.com Marjorie Kaschak -- mkaschak@mww.com