Exhibit 99.1
NEWS RELEASE
CONTACT:
Bob Aronson
Director of Investor Relations
800-579-2302
([email protected])
FOR IMMEDIATE RELEASE
STAGE STORES ANNOUNCES EXTENSION OF EXCLUSIVITY
TO MARCH 31, 2001
HOUSTON, TX, September 25, 2000 - - Stage Stores, Inc. today
announced that the U.S. Bankruptcy Court for the Southern
District of Texas approved the Company's request to extend the
"exclusivity period" in the Company's bankruptcy proceeding until
March 31, 2001.
Jack Wiesner, Chairman of the Board of Directors, commented,
"The extension of the exclusivity period through March 31, 2001
will allow the Company to continue to develop and implement its
restructuring plan."
Stage Stores, Inc., brings nationally recognized brand name
apparel, accessories, cosmetics and footwear for the entire
family to small towns and communities throughout the United
States. The company currently operates stores overunder the
Stage, Bealls and Palais Royal names.
Any statements in this release that may be considered
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially. These
risks and uncertainties are discussed in periodic reports filed
by the company with the Securities and Exchange Commission that
the company urges investors to consider.
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