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CBL Launches Sale of Themed Gift Cards from American Express.


CBL Cbl cobalamin.  is First Shopping Center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into  Owner and Developer to offer Themed Cards Online

CHATTANOOGA, Tenn. -- CBL & Associates Properties, Inc. (NYSE NYSE

See: New York Stock Exchange
: CBL) today announced that it has begun offering its shoppers a line of themed American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. [R] Gift Cards for special occasions, extending its partnership with American Express -- the world's largest issuer of open gift cards. The cards are available for sale via CBL's mall websites, making CBL the first shopping center developer to make the cards and the special offers attached to them available through the Internet.

CBL already offers the American Express Gift Card, as well as its own CBL gift card for sale both online and at many of its regional malls. With the new agreement, CBL will add the American Express Gift Card Especially for Kids, Especially for Teens, Especially for the Bride and Groom, and Especially for Birthdays to its portfolio of gift cards. The cards are available in a variety of denominations.

"We are thrilled to become the first shopping center developer to offer the American Express themed gift cards online, offering alternative choices for our customers to personalize their gift giving," said Stephen Lebovitz, president of CBL & Associates Properties, Inc. "Using the Internet to make these cards available to our shoppers is the perfect marriage between e-commerce and the experiential shopping offered at our centers."

The themed Gift Cards, like all American Express Gift Cards, let the gift recipient choose from millions of gifts and experiences offered at retail, making it a popular gift choice. They can be redeemed at U.S. retailers and restaurants that accept the American Express Card, including in stores of CBL's regional malls and open-air centers that accept American Express.

All American Express Gift Cards come with a choice of cardholder-only special offers at participating merchants including 1-800-FLOWERS.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. [R], AMF AMF ACE (Allied Command, Europe) Mobile Force
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 Bowling, Build-A-Bear Workshop Build-A-Bear Workshop (NYSE: BBW) is an American retailer that sells customizable teddy bears and other stuffed animals. Build-A-Bear is the largest of the create-your-own animal chains with the other companies in the business consisting of regional and/or locally-owned [R], f.y.e., KB Toys K•B Toys (previously known as Kay Bee Toys) is a chain of mall-based retail toy stores in the United States. It was founded in 1922 by the Kaufman brothers. It currently operates 605 stores in 44 U.S. states, Puerto Rico as well as Guam.  and Kid's Foot Locker Foot Locker, Inc. (NYSE: FL) is a major American sportswear and footwear retailer, with its headquarters in New York City, and operating in approximately 20 countries worldwide. It is the successor corporation to the F.W. Woolworth Company (“Woolworth’s”). . Gift Card special offers and a list of participating partners can be viewed by visiting www.americanexpress.com/specialoffers.(a)

"CBL has been an American Express partner since August 2004, and we are very excited about extending what has already been a successful relationship," said Stefan Happ, vice president and general manager, American Express Gift Cards. "Offering our Gift Cards for special occasions and specific recipients will extend our reach to CBL shoppers nationwide."

American Express Gift Cards also are available online at http://www.americanexpress.com/gift, and nationwide at tens of thousands of locations, including supermarkets, drug stores, shopping centers, banks and American Express Travel Service offices. If the Gift Card is lost or stolen, the unused balance can be refunded or replaced.(a)

About American Express

American Express Co. (www.americanexpress.com) is a leading global payments, network and travel company founded in 1850.

American Express is a leader in consumer prepaid products. In addition to the 116-year-old American Express Travelers Cheque - the pre-eminent brand welcomed worldwide - the Company issues other prepaid products including Cheques for Two, Gift Cards, Gift Cheques, and a range of corporate incentive prepaid products through American Express Incentive Services.

About CBL & Associates Properties, Inc.

CBL is one of the largest and most active owners and developers of malls and shopping centers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . CBL owns, holds interests in or manages 130 properties, including 80 regional malls/open-air centers. The properties are located in 27 states and total 75.1 million square feet including 2.2 million square feet of non-owned shopping centers managed for third parties. CBL currently has fourteen projects under construction totaling 3.0 million square feet including Pearland Town Center in Houston (Pearland), TX; CBL Center II in Chattanooga, TN; four lifestyle/associated centers, seven mall expansions/redevelopments, and one community center. Headquartered in Chattanooga, TN, CBL has regional offices in Boston (Waltham), MA, and Dallas, TX. Additional information can be found at http://cblproperties.com.

Information included herein 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.
" within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company's various filings with the Securities and Exchange Commission, including without limitation the Company's Annual Report on Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 and the "Management's Discussion and Analysis Management's discussion and analysis (MD&A)

A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial
 of Financial Condition and Results of Operations" incorporated by reference therein, for a discussion of such risks and uncertainties.
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Publication:Business Wire
Date:Aug 24, 2007
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