SOURCE: Market 99

June 06, 2008 15:21 ET

Market 99 Corporate Update With Regards to Filing "Current Information" With Pinksheets

DALLAS, TX--(Marketwire - June 6, 2008) - Market 99, Ltd. (PINKSHEETS: MNTY) is pleased to announce company officials are currently in the process of gathering all Pinksheets-required documentation to receive "Current Information," including company financials accompanied by a Letter of Opinion from the company's legal counsel. Jason Brola, CEO of Market 99, stated, "In an effort to become transparent as a company with hopes of attracting long-term investors, we understand, believe, and agree it is in the best interest of the company's future to file all documentation, including financials and an attorney opinion letter, with Pinksheets. Information released in the documentation being submitted to Pinksheets will include hot topics such as the ownership status of InVogue Accessories, which is fully owned by MNTY shareholders, funds raised and specific dates such funds were raised, and the short-term needs of the company regarding additional funding, which is approximately $200,000. I believe once the Pinksheets staff is able to examine all our company's inside information, there will be no question as to whether they remove the 'STOP: NO CURRENT INFORMATION' stamp and provide Market 99 and our shareholders with a 'Current Information' stamp."

Market 99 officials would like to make clear to the investing community, the company Market 99 nor does any Director within Market 99 have any influence on how quick the Pinksheets staff will handle and process all information, once submitted. The company asks all current shareholders to allow the Pinksheets staff to work at their pace in doing the proper due-diligence as flooding their email and phone lines will only slow down the process.

ABOUT US

Market 99 is a discount retailer with 12,000-20,000 square foot stores selling mainly name brand merchandise to value-conscious consumers. Market 99 carries Consumables, Health and Beauty Aids, Stationery Items, Housewares, 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.

Market 99 also owns and operates InVogue Accessories, a women's fashion boutique with one location in Altus, Oklahoma.

Please visit www.MyMarket99.com for additional information. www.MNTYInvestor.com

Disclaimer:

CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS

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.

Contact Information

  • Contact:
    Jason Brola
    800-513-6902