SOURCE: Market 99, Ltd.

January 03, 2008 12:25 ET

Market 99 Announces Jason Brola as Newly Appointed CEO

DALLAS, TX--(Marketwire - January 3, 2008) - Market 99 LTD. (PINKSHEETS: MNTY) announced today Desmond Milligan will resign the position as CEO/President effective immediately. Mr. Milligan will remain with the company as Chairman of the Board and is pleased with his decision. Further news and details for Mr. Milligan's resignation will be available to the public later next week. Company officials have expressed great optimism after confirming the resignation and look forward to the challenges set forth in the New Year.

"It has been my extreme pleasure to serve this company as the CEO in recent years. Now that we are through the transition period of our merger with Market 99 and the holidays are behind us, I am excited to announce Jason Brola as my successor. Jason Brola is the visionary strength behind this company; I feel that Market 99 needs the visionary path of Mr. Brola as CEO while benefiting from my business experience as Chairman of the Board," stated Desmond Milligan.

Milligan further stated, "I believe Mr. Brola's background and expertise regarding our industry will ensure 100% success for the future of Market 99 and its subsidiaries."

Jason Brola, the newly appointed President and CEO of Market 99, Ltd., stated, "I am excited to begin serving as CEO of this incredibly vivacious company. I fully recognize the tasks at hand and accept each and every one of them. Furthermore, I anticipate 2008 being a very successful and prosperous year for the company."


Market 99 is a discount retailer with 15,000-20,000 square foot stores selling mainly name brand merchandise to value-conscious consumers. Market 99 carries Consumables, Health and Beauty Aids, Stationery Items, House wares, Cold Foods, Frozen Foods, Women's Accessories, Women's Clothing, Men's Clothing, Children & Infant's Clothing, Seasonal, Arts & Crafts, and Toys, all for .99 cents or less.

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This press release contains "forward-looking statements," which are statements related to future, not past events. In this context, the forward-looking statements often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future acquisitions and business strategy, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks" or "will." Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the level of strategic partner incentives, (c) the future regulatory environment, (d) our cost of financing, (e) our ability to complete acquisitions and dispositions and the risks associated therewith, and (f) our ability to retain key personnel. These factors, as well as additional factors, could affect our forward-looking statements. We urge you to carefully consider this information. We undertake no duty to update our forward-looking statements, including our earnings outlook.

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  • Jason Brola