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Gold/Mining/Energy : Chapters Bookstore -- Ignore unavailable to you. Want to Upgrade?

To: Hank Stamper who wrote (32)	7/31/2000 2:08:03 PM
From: worldtraveller	Respond to of 37

TORONTO, July 29 /CNW/ - Chapters Inc. would like to take this opportunity to respond to recent reports in the media about our business and the publishing industry at large. CHAPTERS IS ON SOLID FINANCIAL FOOTING - Chapters has increased revenue and profit each year since it was founded and we are on track for another financially healthy year - We have successfully built a national network of 320 stores and the investment in this Canadian network is essentially complete. In the current fiscal year, Chapters will be cash positive - Our long-term financing is secure and provides us with a solid base to continue as a healthy and successful retailer for years to come - Our current operating line of credit is guaranteed and secure and is within anticipated parameters. In fact, like we have each year for the past 5 years, we expect to have the operating line paid off in its entirety by Christmas Day. This operating line is a normal part of the seasonality of our business CHAPTERS ENJOYS POSITIVE RELATIONS WITH CANADIAN PUBLISHING PARTNERS - Today's story in the National Post is factually incorrect and grossly misleading - Chapters and HarperCollins Canada had already resolved any outstanding issues and currently enjoy an ongoing working relationship - Claude Primeau, president of HarperCollins Canada refutes the facts provided by the "unnamed source" quoted in the article and has issued the following statement to clarify his company's position. "Chapters is in good financial standing with HarperCollins and we have every confidence about our future relationship with this valued partner." - Returns are an industry-wide issue and Chapters is committed to taking a leadership role in addressing this issue with our publishing partners CHAPTERS IS A LEADING CANADIAN RETAILER - Chapters was recently named Innovative Retailer of the Year by the Retail Council of Canada for our work to deliver an exceptional shopping experience for Canadians - A recent Kubas Major Market Retailing Report has again ranked Chapters as the top retailer in Canada outranking 130 other retailers for the fourth year in a row

To: Hank Stamper who wrote (32)	8/1/2000 11:37:37 PM
From: worldtraveller	Read Replies (1) \| Respond to of 37

Chapters takes action for libel against National Post TORONTO, Aug. 1 /CNW/ - Chapters Inc. today announced it is immediately delivering a Notice of Libel against the National Post for its July 29 and July 31, 2000 series of 11 inaccurate and irresponsible articles that have caused serious harm to the company's reputation. This is the first required legal step in commencing an action for libel. "The articles published about Chapters in the National Post on July 29 and July 31 contained numerous misleading statements, factual errors, unfounded speculation, and inflammatory headlines," says Chapters CEO Larry Stevenson. "Chapters is on solid financial footing and is ranked as Canada's top retailer by Kubas Major Market Retailing Report and has been for the last four years. The Post's 11-article-attack paints a distorted picture of Chapters Inc." Chapters' initial review of the articles identified more than 30 factual errors, unsubstantiated allegations and misleading statements.