SOURCE: Market 99, Ltd

March 19, 2008 07:00 ET

Market 99 Releases Projected Sales Revenues

DALLAS, TX--(Marketwire - March 19, 2008) - Market 99, Ltd. (PINKSHEETS: MNTY) has released forecasted revenues for the first Texas store, Gus Thomasson Plaza. The projected revenues consist of various factors pertaining directly to the dollar-store industry and are partly based on current sales from the Choctaw, Oklahoma location. Though, the forecasts are considered to be conservative, company officials are extremely satisfied with the projected Profit & Loss statement, due to profit margins.

Company officials have forecast sales revenues to be slightly in excess of $1,670,000.00 for the 2008 Fiscal Year of Operations regarding the Gus Thomasson Center location. Once the Gus Thomasson and Lakeland locations are opened and bring the total number of company owned stores to three, the company will focus on submitting to the shareholders the actual financial statements regarding Market 99. Projected revenues for the company will be updated as each additional store is opened.

Gus Thomason Center is located in Mesquite, TX with great community surroundings, offering Market 99 a valuable opportunity to make a Texas-sized introduction as well as a long-term presence, bringing long awaited revenues to the company. Jason Brola, along with the Market 99 team, have had ongoing meetings with the General Contractor to establish a precise timeline that would give a specific day in which the final stages of the build out would be complete. Due to uncontrollable missed deadlines in the past, the company will not release at this time any specific dates but will only say the opening date for the Gus Thomasson Center location is weeks away.


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.

Contact Information

  • Contact:
    Jason Brola