Books-A-Million, Inc. Announces Continuation of Its Share Repurchase Program.BIRMINGHAM, Ala. -- Books-A-Million, Inc. (Nasdaq/NM:BAMM BAMM British Association of Medical Managers BAMM Bay Area Model Mugging (now Impact Bay Area) BAMM Beta and Advection Model - Medium BAMM Bay Area Math Meet (San Francisco, CA) ) today announced that its Board of Directors has authorized a program to repurchase up to $10 million of its common stock. This program replaces a previous program to repurchase up to 1.6 million shares that began in March 2004 pursuant to which the Company repurchased 1.5 million shares. Stock may be purchased in the open market or through private transactions from time to time over the next 12 months, dependent upon market conditions. The plan does not obligate obligate /ob·li·gate/ (ob´li-gat) pertaining to or characterized by the ability to survive only in a particular environment or to assume only a particular role, as an obligate anaerobe. the Company to repurchase any specific number of shares and may be suspended at any time at management's discretion. The Company currently has 16.7 million shares outstanding. Books-A-Million is one of the nation's leading book retailers and sells on the internet at www.booksamillion.com. The Company presently operates 205 stores in 20 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . The Company operates large superstores under the names Books-A-Million and Books & Co. and traditional bookstores operating under the name Bookland Book´land` n. 1. (O. Eng. Law) Charter land held by deed under certain rents and free services, which differed in nothing from free socage lands. This species of tenure has given rise to the modern freeholds. , Books-A-Million and Joe Muggs Newsstands. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Under 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: This document contains certain 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. within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. A number of factors could cause actual results, performance, achievements of the Company, or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the competitive environment in the book retail industry in general and in the Company's specific market area; inflation; economic conditions in general and in the Company's specific market areas; the number of store openings and closings; the profitability of certain product lines, capital expenditures and future liquidity; liability and other claims asserted against the Company; uncertainties related to the Internet and the Company's Internet initiative. In addition, such forward-looking statements are necessarily dependent upon assumptions, estimates and dates that may be incorrect or imprecise im·pre·cise adj. Not precise. im  pre·cise ly adv. and involve known
and unknown risks, uncertainties and other factors. Accordingly, any
forward-looking statements included herein do not purport to be
predictions of future events or circumstances and may not be realized.
Given these uncertainties, shareholders and prospective investors are
cautioned not to place undue reliance on such forward-looking
statements. The Company disclaims any obligations to update any such
factors or to publicly announce the results of any revisions to any of
the forward-looking statements contained herein to reflect future events
or developments.
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