Chitwood & Harley LLP Charges 99 Cents Only Stores With Securities Fraud.

ATLANTA -- Chitwood & Harley LLP announces that it has filed a securities fraud class action complaint in the United States District Court for the Central District of California against 99 Cents Only Stores ("99 Cents" or "NDN"), David Gold, Eric Schiffer, and Andrew Farina (NYSE: NDN) on behalf of purchasers of NDN common stock during the period between March 11, 2004 and June 10, 2004 (the "Class Period"). A copy of the complaint is available from the court and will be posted on our website, www.classlaw.com for the next two months.

If you have questions about this case or wish to inquire about your rights in connection with this matter, you may contact us through our website, www.classlaw.com, by clicking on 99 Cents, or by emailing or calling Lauren S. Antonino, Esq. at [e-mail] or 1-888-873-3999 ext 6888.

The complaint charges defendants with issuing a series of material misrepresentations to the market during the Class Period in violation of sections 10(b) and 20(a) of the Exchange Act, and Rule 10b-5. Among other things, the complaint alleges that during the Class Period: (i) defendants created the appearance of profitability and success by, among other things, failing to properly accrue expenses, particularly with regard to its Texas operations; (ii) defendants failed to disclose that the Company's margins were being eroded by a mix-shift tied to lower margin grocery items, freight costs, higher dairy costs, and a higher mark-down and shrink provision (up to $10 million); (iii) the defendants knowingly tolerated weak internal controls; (iv) the Company's inventory was artificially inflated by the inclusion of assets such as deli products on its books, despite the fact that those assets were inedible; (v) the Company's Southern California distribution center was in shambles; (vi) the Company's workers' compensation problems were far from over, and defendants knew that their expenses associated with these problems were increasing, not declining; and (vii) as a result of the above, the Company was not on track to achieve EPS for Q2 04 of $0.19-$0.20.

Any member of the class who desires to be appointed lead plaintiff in the class action must file a motion with the Court no later than August 16, 2004 on their own or through counsel of their own choice. Class members must meet certain legal requirements to serve as a lead plaintiff. Please feel free to contact Lauren Antonino, Esq., at Chitwood & Harley, who will, without obligation or cost, attempt to answer questions concerning your rights with respect to this matter. You may also choose to do nothing and remain an absent class member.

Chitwood & Harley LLP is a class action firm that concentrates its practice in representing victims of securities fraud and corporate mismanagement, as well as other complex litigation. Chitwood & Harley has been appointed lead counsel in major actions throughout the United States and has been instrumental in recovering billions of dollars on behalf of its clients. Clients and courts alike have praised the results achieved by Chitwood & Harley. Recently, the federal judge in In re BankAmerica Securities Litigation, which resulted in one of the highest recoveries ever in a private securities class action, commented favorably on counsel's performance stating: "Class members were well served by experienced attorneys who, through considerable time and effort, obtained a significant recovery for their clients," and, "(a)s the Court has remarked throughout this litigation, class counsel ... have performed at exceptionally high levels, and all parties have been exceedingly well represented."