Books-A-Million, Inc. Announces Expansion of Stock Repurchase Plan.Business Editors BIRMINGHAM, Ala.--(BUSINESS WIRE)--Sept. 5, 2001 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 the Company to purchase up to an additional 900,000 shares of its common stock under its existing stock repurchase plan stock repurchase plan 1. See buyback. 2. See self-tender. . Under the stock repurchase plan, the Company was previously authorized to purchase up to 1,800,000 shares of common stock. The Company will acquire the shares of common stock in open-market and negotiated purchases, from time to time as market conditions warrant, at prices the Company deems appropriate. Books-A-Million currently has approximately 16.6 million shares outstanding. Books-A-Million, Inc. is one of the nation's leading book retailers and sells on the Internet at www.booksamillion.com. The Company presently operates 202 stores in 18 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 four distinct store formats, including large superstores operating under the names Books-A-Million and Books & Co., traditional bookstores and combination book and greeting card stores, both 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. , and Joe Muggs Newsstands. The Company's wholesale operations include American Wholesale Book Company and Book$mart, both based in Florence, Alabama Florence city is the seat of Lauderdale County, which is situated in the northwest corner of the U.S. state of Alabama. According to the 2005 Census Bureau estimates, the city's population was 36,721. . NetCentral, Inc., an Internet development and service company is located in Nashville, Tennessee. For more information, visit the company's website at www.booksamillioninc.com. |
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