Jack Ferry Quotations

We really have to assess the affect of the store closings on our headquarters operation. It is the intention to reduce corporate expenses.

He felt that he was not fired. He felt that this was in the best interests of the company.

We'll continue to assess the sales, profit and investment on each of our stores, but we do not expect another closing of this size in the near term. In retail you're always reviewing your fleet, making changes to the fleet whether it's closings or openings.

The press release speaks for itself. At this time we're reviewing our liquidity needs.

There's really nothing I can say about that except to confirm it's going on. We're fully cooperating.

This is a separate, unrelated matter. The letter is quite vague, but the responsible action is to conduct an investigation.