99 Cents Only Stores Announces the Appointment of Deloitte & Touche LLP as Independent Auditors.Business Editors CITY OF COMMERCE, Calif.--(BUSINESS WIRE)--April 19, 2004 99 Cents Only Stores(R) (NYSE NYSE See: New York Stock Exchange :NDN NDN Indian NDN Naples Daily News (Daily news paper in Naples Florida) NDN Non Delivery Notification NDN National Data Network NDN Necdin NDN New Democratic Network NDN Next Door Neighbor NDN Nevada Donor Network ) announced that the Audit Committee of its Board of Directors has retained Deloitte & Touche LLP LLP - Lower Layer Protocol as its independent auditors Independent Auditor An external auditor with a certified public accounting designation that qualifies him or her to provide an auditor's report. Notes: These auditors aren't affiliated with the company being audited. . Deloitte & Touche LLP replaces PricewaterhouseCoopers LLP as the Registrant's independent auditors. PricewaterhouseCoopers will continue to provide tax services for the Company. "99 Cents Only Stores is pleased with the appointment of Deloitte and Touche as the Company's independent public accountants and looks forward to working with them in the upcoming year," said Eric Schiffer, President. "At the same time, we also look forward to continuing to work with PricewaterhouseCoopers on the Company's tax matters," said Eric Schiffer. 99 Cents Only Stores(R), the nation's oldest existing one-price retailer, operates 197 retail stores, in California, Texas, Arizona and Nevada and a wholesale division called Bargain Wholesale. 99 Cents Only Stores(R) emphasizes name-brand consumables, priced at an excellent value, in attractively merchandised stores. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , as referenced in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 (the "Act"). Forward-looking statements are inherently unreliable and actual results may differ. Factors which could cause actual results to differ materially from these forward-looking statements include, changes in the competitive market place, general economic conditions, factors affecting the retail industry in general, the timing of new store openings, the ability of the company to acquire inventory at favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. costs and other factors discussed in the company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Note to Editors: 99 Cents Only Stores(R) news releases and information available on the World Wide Web at http://www.99only.com. |
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