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 GRAND RAPIDS, Mich., Nov. 24 /PRNewswire/ -- Gantos, Inc. (NASDAQ: GTOS-Q) President L. Douglas Gantos announced today that the women's specialty apparel chain will continue to operate more than 100 of its best performing stores in 23 states. Gantos filed for Chapter 11 reorganization on Nov. 12, 1993. As part of its overall plan to return to profitability, the company was recently granted permission by the United States Bankruptcy Court to phase out 41 of its 159 stores. Gantos' management earlier indicated that the company could close an additional 10-12 stores, as part of its financial reorganization.
 Commenting on the announcement, Mr. Gantos said: "We are entering the all-important holiday selling season with strong merchandise selections. With more than 100 stores going forward, we have the financial and people resources in place for our high service, specialty store niche."
 Customer convenience programs, including use of the Gantos charge card, will not be affected by the reorganization in the stores continuing to operate.
 Having entered Chapter 11 with substantial liquidity, Gantos anticipates being able to operate the remaining stores without disruption. The company had more than $9 million at the time of its filing and a commitment for a $15 million debtor-in-possession loan.
 Gantos, Inc. is headquartered in Grand Rapids.
 /NOTE TO EDITORS: The Gantos stores remaining open are listed, by state, as follows:
 Gantos Sunrise Mall
 6060 Sunrise Mall
 Citrus Heights, CA 95610
 Gantos Sunvalley Mall
 361 Sunvalley Mall
 Concord, CA 94520
 Gantos Stoneridge Mall
 2329 Stoneridge Mall Road
 Plesanton, CA 94588
 Gantos Coddingtown Center
 250 Coddingtown Ctr., Sp. 250
 Santa Rosa, CA 95401
 Gantos Tabor Center
 1201-16th St., Suite 216
 Denver, CO 80202
 Gantos Cherry Creek Shopping Center
 2750 E. 1st
 Denver, CO 80206
 Gantos Southglenn Mall
 6911-399 S. University Blvd., Space 399
 Littleton, CO 80122
 Gantos Westminster Mall
 5430 W. 91st
 Westminster, CO 80030
 Gantos Danbury Fair
 7 Backus Ave., Space D108
 Danbury, CT 06810
 Gantos Pavilions at Buckland Hills
 194 Buckland Hills Road, Sp. 194
 Manchester, CT 06040
 Gantos Fox Valley
 1448 Fox Valley Ctr.
 Aurora, IL 60505
 Gantos Stratford Square
 Gary Ave. at Army Trail Road, Space H-23
 Bloomingdale, IL 60108
 Gantos River Oaks Center
 105 River Oaks Dr., Space 90
 Calumet City, IL 60409
 Gantos Water Tower Place
 835 N. Michigan Ave., 6th Level
 Chicago, IL 60611
 Gantos Countryside Plaza
 13 Countryside Plaza, Sp. 13
 Countryside, IL 60526
 Gantos Evergreen Plaza
 9730 S. Western Ave.
 Evergreen Park, IL 60642
 Gantos Golf Mill Shopping Center
 356 Golf Mill Center
 Niles, IL 60714
 Gantos Northbrook Court
 1312 Northbrook Court
 Northbrook, IL 60062
 Gantos Oak Brook Center
 19 Oak Brook Center
 Oak Brook, IL 60521
 Gantos Orland Square
 648 Orland Square
 Orland Park, IL 60462
 Gantos Woodfield Mall
 F330 Woodfield Mall
 Schaumburg, IL 60173
 Gantos Charlestowne Mall
 3800 E. Main St., Space E-204
 St. Charles, IL 60174
 Gantos Hawthorn Center
 520 Hawthorn Center
 Vernon Hills, IL 60061
 Gantos Spring Hill Mall
 Routes 72 & 31, Space 1326
 West Dundee, IL 60118
 Gantos Glenbrook Square
 4201 Coldwater Road, Space M-18
 Fort Wayne, IN 46805
 Gantos Glendale Center
 8101 N. Keystone Ave.
 Indianapolis, IN 46220
 Gantos Castleton Square
 6020 E. 82nd St., Space 550
 Indianapolis, IN 46250
 Gantos Southlake Mall
 2038 Southlake Mall, Unit BL-224
 Merrillville, IN 46410
 Gantos University Park
 6501 Grape Road, Suite 120
 Mishawaka, IN 46545-1005
 Gantos Oak Park Mall
 11755 W. 95th St.
 Overland Park, KS 66214
 Gantos Fayette Mall
 3145 Nicholasville Road, Space C-324
 Lexington, KY 40503
 Gantos The Mall at St. Matthews
 500 Shelbyville Road & I-264
 Louisville, KY 40207
 Gantos Holyoke at Ingleside
 50 Holyoke St.
 Holyoke, MA 01040
 Gantos Independence Mall
 151 Smiths Lane
 Kingston, MA 02364
 Gantos Emerald Square Mall
 999 S. Washington
 N. Attleboro, MA 02760
 Gantos Mall in Columbia
 10300 Little Patuxent Pkwy., Space 2314
 Columbia, MD 21044-3456
 Gantos Lakeforest Mall
 710 Russell Ave., Space D-109
 Gaithersburg, MD 20877
 Gantos Marley Station
 7900 Governor Ritchie Hwy., Space B-215
 Glen Burnie, MD 21061
 Gantos Owings-Mills Town Center
 10300 Mill Run Circle, Suite 1034
 Owings Mills, MD 21117
 Gantos Wheaton Plaza
 11160 Veirs Mill Road
 Wheaton, MD 20902
 Gantos Briarwood Mall
 640 Briarwood Circle, Space D-125
 Ann Arbor, MI 48108
 Gantos Fairlane Town Center
 Space H-106
 Dearborn, MI 48126
 Gantos New Center One
 3031 W. Grand Blvd., Space B-220
 Detroit, MI 48202
 Gantos Renaissance Center
 200 Renaissance Center Drive, Suite 2002
 Detroit, MI 48243
 Gantos Genesee Valley Mall
 Miller Road
 Flint, MI 48507
 Gantos Rogers Plaza
 1005-28th St., SW
 Grand Rapids, MI 49509
 Gantos Eastbrook Mall
 3555-28th St., SE
 Grand Rapids, MI 49512
 Gantos Breton Village Mall
 1830 Breton Road, Space 35
 Grand Rapids, MI 49508
 Gantos Eastland Mall
 18000 Vemoir Road
 Harper Woods, MI 48225
 Gantos Maple Hill Mall
 5240 W. Main St.
 Kalamazoo, MI 49001
 Gantos Woodland Mall
 3206-28th St., SE, Space I-4
 Kentwood, MI 49512
 Gantos Lansing Mall
 5420 W. Saginaw Hwy.
 Lansing, MI 48917
 Gantos Laurel Park Place
 37562 W. 6 Mile Road., Sp. G490
 Livonia, MI 48152
 Gantos Wonderland Mall
 29661 Plymouth Road
 Livonia, MI 48150
 Gantos Muskegon Mall
 258 Muskegon Mall
 Muskegon, MI 49440
 Gantos Twelve Oaks Mall
 27272 Novi Road, Space B-135
 Novi, MI 48377
 Gantos Meridian Mall
 1982 E. Grand River, Unit 805
 Okemos, MI 48864
 Gantos Crossroads Mall
 6650 S. Westnodge Ave., Suite 219
 Portage, MI 49002
 Gantos Fashion Square Mall
 4608 Bay Road, Space B-232
 Saginaw, MI 48604
 Gantos Northland Center
 21500 Northwestern Hwy., Ste. 830
 Southfield, MI 48075-5011
 Gantos Lakeside Mall
 14600 Lakeside Circle, Unit 1048
 Sterling Heights, MI 48313
 Gantos Oakland Mall
 642 W. 14 Mile
 Troy, MI 48084
 Gantos Summit Place
 315 N. Telegraph Road
 Waterford, MI 48328
 Gantos Southdale Center
 6601 France Ave. S., Space 260
 Edina, MN 56435
 Gantos Ridgedale Mall
 12325 Wayzala Blvd.
 Minnetonka, MN 55343
 Gantos Rosedale Mall
 10 Rosedale, Space U-21
 St. Paul, MN 55113
 Gantos Metro North Mall
 440 NW Barry Road
 Kansas City, MO 64155
 Gantos West County Center
 15 W. County Ctr.
 St. Louis, MO 63131
 Gantos Crestwood Plaza
 43 Crestwood Plaza
 St. Louis, MO 63126
 Gantos St. Louis Galleria
 2194 St. Louis Galleria
 St. Louis, MO 63117
 Gantos Pheasant Lane Mall
 310 Daniel Webster Hwy.
 Nashua, NH 03060
 Gantos The Mall, Rockingham Park
 Space No. W119 Rockingham Park Blvd.
 Salem, NH 03079
 Gantos Freehold Raceway Mall
 3710 US Route 9, Space D-120
 Freehold, NJ 07728
 Gantos Echelon Mall
 305 Echelon Mall, Space 305
 Voorhees, NJ 08043
 Gantos Willowbrook Mall
 2462 Willowbrook Mall
 Wayne, NJ 07470
 Gantos Woodbridge Center Mall
 Rt. 1 & Woodbridge Ctr. Drive, Space 166
 Woodbridge, NJ 07095
 Gantos Walden Galleria
 Space G105
 Choektowaga, NY 14225
 Gantos Smith Haven Mall
 N. Side Middle Country Rd.
 Lake Grove, NY 11755
 Gantos Poughkeepsie Galleria
 790 South Road
 Poughkeepsie, NY 12601
 Gantos Rotterdam Square
 2 Campbell Road
 Schenectady, NY 12306
 Gantos Carousel Center
 9511 Carousel Center
 Syracuse, NY 13290-9511
 Gantos Jefferson Valley
 650 Lee Blvd.
 Yorktown Heights, NY 10598
 Gantos Southpark Shopping Center
 4440 Sharon Road, Space K-12
 Charlotte, NC 28211
 Gantos North Hills Mall & Plaza
 4217 Six Forks Road
 Raleigh, NC 27619
 Gantos Fairfield Commons
 2727 W. Fairfield Rd., Space No. W-171
 Beaver Creek, OH 45431
 Gantos Dayton Mall
 2700 Miamisburg-Centerville Rd.
 Centerville, OH 45459
 Ganots Kenwood Town Center
 7875 Montgomery Road
 Cincinnati, OH 45236
 Gantos Beachwood Place
 26300 Cedar Road
 Cleveland, OH 44122
 Gantos Columbus City Center
 270 Columbus City Center Dr.
 Columbus, OH 43215
 Gantos Northland Center
 1767 Northland Mall
 Columbus, OH 43229
 Gantos Eastland Mall
 2705 Eastland Mall, Space C-16
 Columbus, OH 43232-4994
 Gantos Westgate Mall
 3101 Westgate Mall
 Fairview Park, OH 44126
 Gantos Eastwood Mall
 5555 Yongstown-Warren Road, Space 409
 Niles, OH 44446
 Gantos Franklin Park Mall
 564 Franklin Park Mall
 Toledo, OH 43623
 Gantos Southern Park Mall
 7401 Market St.
 Youngstown, OH 44512
 Gantos Pioneer Place
 700 S.W. 5th, Space 020
 Portland, OR 97204
 Gantos Exton Square Mall
 102 Exton Square
 Exton, PA 19341
 Gantos The Court at King of Prussia
 363 Goddard Blvd., Space 363
 King of Prussia, PA 19406
 Gantos Oxford Valley Mall
 2300 E. Lincoln Hwy.
 Langhorne, PA 19047
 Gantos Monroeville Mall
 227 Monroeville Mall, Space 227
 Monroeville, PA 15146
 Gantos Ross Park Mall
 1000 Ross Park Drive
 Pittsburgh, PA 15237
 Gantos Plymouth Meeting
 Route 422 & Hickory Road, Space 2228
 Plymouth Meeting, PA 19462
 Gantos Springfield Mall
 1250 Baltimore Pike, Space 1-E
 Springfield, PA 19064
 Gantos Century III Mall
 RT 51 & SR 885, Room 560
 W. Mifflin, PA 15123
 Gantos Willow Grove Park
 2500 Moreland Road
 Willow Grove, PA 19090
 Gantos Rhode Island Mall
 605 Bald Hill
 Warwick, RI 02886
 Gantos Rivergate Mall
 1000 Two Mile Pike
 Goodlettsville, TN 37072
 Gantos Oak Court
 4485 Poplar Ave.
 Memphis, TN 38117
 Gantos Hickory Ridge Mall
 6062 Winchester, Unit 168
 Memphis, TN 38115
 Gantos Chesapeake Square Mall
 4200 Portsmouth Blvd., Space 840
 Chesapeake, VA 23321
 Gantos Fair Oaks
 11803 Fair Oaks, Space L-219
 Fairfax, VA 22033
 Gantos Chesterfield Towne Center
 11500 Midlothian Tnpk.
 Richmond, VA 23235
 Gantos Brookfield Square
 95 N. Moorland, Space D-38
 Brookfield, WI 53005
 Gantos Port Plaza Mall
 6-1800 Port Plaza
 Green Bay, WI 54301
 Gantos Southridge Mall
 5300 S. 78th St., Space E-208
 Greendale, WI 53129
 Gantos West Towne Mall
 54B W. Towne Mall, Space D-1A
 Madison, WI 53719
 Gantos Northridge Mall
 7700 W. Brown Deer Road
 Milwaukee, WI 53223-0132
 /CONTACT: Wayne J. Hutnick, Vice President/CEO of Gantos, 616-940-8750/

CO: Gantos, Inc. ST: Michigan IN: REA SU: BCY RCN

SB-EB -- DE033 -- 7811 11/24/93 18:09 EST
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Publication:PR Newswire
Date:Nov 24, 1993

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