The Jean Coutu Group (PJC) Inc.
TSX : PJC.A

The Jean Coutu Group (PJC) Inc.

June 04, 2007 16:38 ET

The Jean Coutu Group Announces Intent to Terminate its Reporting Obligations Under the Securities Exchange Act of 1934

LONGUEUIL, QUEBEC--(Marketwire - June 4, 2007) - The Jean Coutu Group (PJC) Inc. ("The Jean Coutu Group" or the ("Company") (TSX:PJC.A) announced today that it intends to terminate its reporting obligations under Section 15(d) of the Securities Exchange Act of 1934. The Jean Coutu Group intends to file a form 15-F with the Securities Exchange Commission to effect this termination.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements, which involve risks and uncertainties. Forward-looking statements include all statements that do not relate solely to historical or current facts, and you can identify forward-looking statements because they contain words such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "estimates," "projects" or "anticipates" or similar expressions that concern our strategy, plans or intentions. These forward-looking statements are subject to risks and uncertainties that may change at any time, and, therefore, our actual results may differ materially from those expected. While the Company believes that its assumptions are reasonable, it is very difficult to predict the impact of known factors, and, of course, it is impossible to anticipate all factors that could affect the Company's actual results. The Company undertakes no obligation to update any forward-looking statements contained in this press release.

About The Jean Coutu Group

The Jean Coutu Group (PJC) Inc. operates a network of 326 franchised drugstores in Canada located in the provinces of Quebec, New Brunswick and Ontario (under the banners of PJC Jean Coutu, PJC Clinique and PJC Sante Beaute) and employs more than 15,000 people. The Jean Coutu Group is one of the most trusted names in Canadian pharmacy retailing. The Company holds a significant interest in Rite Aid Corporation, one of the United States' leading drugstore chains, with annual revenues of more than $27 billion and more than 5,000 drugstores in 31 states and the District of Columbia.

Contact Information

  • Source:
    The Jean Coutu Group (PJC) Inc
    or
    Information:
    Michael Murray
    Director, Investor Relations
    450-646-9611, ext. 1068
    or
    Helene Bisson
    Director, Public Relations
    450-646-9611, ext. 1165
    www.jeancoutu.com