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Microcap & Penny Stocks : Ames Department Stores (AMES) -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Tang who wrote (951)	2/6/1998 11:25:00 AM
From: Market Tracker	Read Replies (1) \| Respond to of 1911

AMES Extends Odd Lot Share Repurchase Program - Friday February 6, 9:49 am Eastern Time Company Press Release SOURCE: Ames Department Stores, Inc. Ames Department Stores, Inc. Announces Extension of Odd-Lot Stock Purchase Program ROCKY HILL, Conn., Feb. 6 /PRNewswire/ -- Ames Department Stores, Inc. (Nasdaq: AMES - news) today announced that it will offer an extension of its previously announced small shareholder sales program, which will provide shareholders who own 99 or fewer shares of Ames Department Stores common stock a further opportunity to sell all of their shares of Ames' common stock. The program extension begins today, February 6, 1998, and will expire at 5 PM EST on March 6, 1998. The company is offering the extended program so that stockholders of odd-lot shares have a convenient method for selling all their shares. Shareholders who participate will receive a price per share equal to the weighted average of the price received for shares sold on the open market through this program during the extension period. A processing fee of 85 cents ($0.85) per share, with a maximum processing fee of $25 per shareholder, will be charged to defray program administration costs. Ames Department Stores, Inc. has retained ChaseMellon Shareholder Services to manage the program. The telephone number for the program manager is 800-953-2497. Ames, which operates 298 stores in 14 Northeastern states and the District of Columbia, is the nation's sixth-largest discount chain, with annual total sales of $2.2 billion. For fax copies of Ames' most recent news releases, dial 1-800-758-5804 Ext. 036787. To find the location of the Ames store nearest you, dial 1-800- SHOP-AMES. SOURCE: Ames Department Stores, Inc. ______________________ I don't know how many odd lotters are out there, but this is actually a very quiet way for AMES to begin a share repurchase program, while simultaneously decreasing shareholder service costs. Gary