SOURCE: Market 99, Ltd.

December 18, 2007 13:19 ET

Market 99 Reduces Outstanding Shares by 1.21 Billion

DALLAS, TX--(Marketwire - December 18, 2007) - Market 99 LTD. (PINKSHEETS: MNTY) today announced that in an effort to keep in line with company direction and avoiding a reverse stock split at the current time, Desmond Milligan has concluded that it is in the best interest of the company as well as shareholders to retire his personal (1.21 Billion) shares back to the company treasury.

Retiring the 1.21 Billion shares; the total number of outstanding shares of Market 99 is reduced to 1,216,636,000. Company officials believe this is yet another positive step in creating value and trust among current and future shareholders.

"Looking at our company's current situation with new leases signed and moving into a new year, our board of directors agreed this was the only solution that made perfect sense. Market 99 now has negotiation opportunity to raise capital while focusing on the opening of the new stores," stated Desmond Milligan, Market 99 CEO.


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. Please visit for additional information.



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

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    Market 99 LTD
    Desmond Milligan
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