Daniel C. Maguire to Oversee A.C. Moore Store Operations.BERLIN, N.J. -- A.C. Moore Arts & Crafts, Inc. (Nasdaq:ACMR ACMR Air Combat Maneuvering Range ACMR Airspace Control Measure Request ACMR Annual Cost Monitoring Report ACMR Advanced Computer for Medical Research ACMR Aircraft Configuration Management Review (USAF) ACMR Asymmetrical Compact Microstrip Resonator ) today announced that Daniel C. Maguire will be responsible for store operations. Mr. Maguire joined A.C. Moore in December 2006 as Vice President of Store Planning and Visual Presentation. Effective March 1, 2007, his new title will be Vice President of Store Operations. In this capacity, Mr. Maguire will oversee operations for all 122 store locations within the chain. He will also continue to be responsible for store planning and visual presentation. Rick A. Lepley, Chief Executive Officer, stated, "The change in Dan's title is reflective of his wider tactical involvement with our District Managers and our stores. We are benefiting from Dan's knowledge and skills in operations and we are pleased that he has agreed to take on this new role in addition to the more strategic functions of store planning and visual merchandising Visual merchandising is creating visual displays and arranging merchandise assortments within a store to improve the layout and presentation and to increase traffic and sales. ." Prior to joining A.C. Moore, Mr. Maguire served as the Chief Store Development Officer of DOTS LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a retailer of women's fashions. Mr. Maguire previously served for nine years in various senior management positions with Jo-Ann Stores Jo-Ann Stores Inc. (NYSE: JAS) is a specialty retailer of crafts and fabrics based in Hudson, Ohio, United States. It operates the retail chains Jo-Ann Fabrics and Jo-Ann Etc. The headquarters of the company is located in the former General Motors Terex plant. , Inc., the fabric and craft retailer, most recently as Vice President, Store Transformation and Planning. In addition to Jo-Ann Stores, Mr. Maguire was also the Vice President of Store Planning for Hechinger's, a home improvement retail chain, and Director of Store Planning for Ames Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. . About A.C. Moore: A.C. Moore operates arts and crafts arts and crafts, term for that general field of applied design in which hand fabrication is dominant. The term was coined in England in the late 19th cent. as a label for the then-current movement directed toward the revivifying of the decorative arts. stores that offer a vast assortment of traditional and contemporary arts and crafts merchandise for a wide range of customers. The Company operates 122 stores in the Eastern United States. For more information about the Company, visit our website at www.acmoore.com. This press release contains statements that are forward-looking within the meaning of applicable federal securities laws and are based on A.C. Moore's current expectations and assumptions as of this date. The Company undertakes no obligation to update or revise any forward-looking statement 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. whether the result of new developments or otherwise. These statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Factors that could cause actual results to differ from those anticipated include, but are not limited to, customer demand and trends in the arts and crafts industry, inventory risks, the effect of economic conditions and gasoline prices, the impact of unfavorable weather conditions, the impact of competitors' locations or pricing, the availability of acceptable real estate locations for new stores, difficulties with respect to new system technologies, including the recent POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale conversion, difficulties in implementing measures to reduce costs and expenses and improve margins, supply constraints or difficulties, the effectiveness of and changes to advertising strategies, the costs associated with a change in management, difficulties in determining the outcome and impact of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , the impact of the adoption of FAS 123R, the impact of the threat of terrorist attacks and war, the Company's ability to maintain an effective system of internal control over financial reporting and other risks detailed in the Company's Securities and Exchange Commission filings. |
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