We also are
considering a change in
accounting to reflect a change in accounting for
construction allowances from landlords of properties
leased by the Company for
its stores.C.
c guillaume
C. Baker brings more than 25 years of
dedicated financial
communications experience across multiple industries
and expertise within the REIT industry. region
and throughout the nation. For more information on Financial
Relations Board, visit www.
A.C. Moore Reschedules Earnings Release Due to Lease Accounting
(Nasdaq: ACMR) announced today that
they now plan to report earnings for
the fourth quarter of 2004 after market close on Wednesday,
March 9, 2005
rather than on Wednesday, February 23rd, as originally scheduled. The Company undertakes
no obligation to update or revise any forward-looking statement whether the
result of new developments
or otherwise.collines by
PRESS RELEASE Financial Relations Board Names Victoria Baker Vice President; Builds Washington
D.C. Presence
Vicki will
also serve as an important addition to FRB's national media relations
and
financial communications team," added Kempner.
Baker is a member of the National Investor
Relations Institute, the
National Association of Real Estate Editors, the Public Relations Society
of America and the National Association of Real Estate Investment Trusts., A. The reason is that
historically landlords have granted us access
to the property free-of-charge in order to build out
or fixture the store and
stock it with merchandise prior to opening our doors for business. This
period, which can range from one to several months, has not been included in
the amortization
period for straight-line rent expense.acmoore." To listen to the live call,
please go to the web
site at least fifteen minutes early to register, download
and install any necessary audio software
.
This press release contains statements that are forward-looking within the
meaning of
applicable federal securities laws and are based on A.arts apollinaire
office. Additionally, Baker organized a public
relations
campaign to advance interest in REITs both nationally and internationally
with professional
and individual investors and the media. Baker also
served as an officer of the Pension Real Estate
Association and a member of
the association's core start-up team. The
firm offers a full array
of services including deep expertise in corporate
positioning and communication, investment community
targeting (market
intelligence), financial media relations, shareholder management services,
valuation
analysis and the company's industry-leading Strategy Consulting
Group.C. If
you are unable to
access the live call, please dial 719-457-0820 and enter pin
number 8727416 to access the taped digital
replay. on March 9th and will remain available
until Tuesday, March 15th at 11:59 p. A simultaneous
webcast of the
conference call may be accessed at http://www. For
more information about the
Company, visit our website at
http://www.guillaume literature
Headquartered in Chicago, the firm has
full-service
offices in New York, Los Angeles, Boston, San Francisco and
Washington, D. Financial Relations Board
is part of the Interpublic
Group of Companies (NYSE: IPG).
Les Gordon, Chief Financial Officer
of A. Factors that could cause actual results to
differ from those anticipated include, but are not
limited to, the impact of
the adoption of EITF Issue 02-16, the impact of the adoption of FAS 123R
,
customer demand and trends in the arts and crafts industry, related inventory
risks due to shifts
in customer demand, the effect of economic conditions, the
impact of adverse 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, supply constraints or
difficulties
, the effectiveness of advertising strategies, the impact of the
threat of terrorist attacks and war
, the uncertainty of the final resolution
of the insurance claim relating to the roof collapse, and
other risks detailed
in the Company's Securities and Exchange Commission filings.quot les
Kempner, CEO of
Financial Relations Board.C.
About Financial Relations Board
For more than 40 years
, the Financial Relations Board has been one of the
nation's leaders for investor relations and financial
communications. The Company
will hold a conference call and webcast to discuss the fourth quarter
results
on Wednesday, March 9th at 5 p. EST. The replay will be
available at approximately 7:00
p. Go to "Investor
Relations" and click on "Corporate Profile.acmoore.authors c
"In addition to her tremendous
background in
financial communications, her vast REIT experience further solidifies FRB's
industry
-leading REIT practice.
Prior to FRB, Baker was founder and principal of Victoria Baker
Enterprises
, where she designed and implemented strategic corporate
communications and media relations programs
for clients nationwide. Moore Arts + Crafts,
Inc.m.arts c
financialrelationsboard.C. We are still analyzing
the impact
of the issues and determining the amounts to reflect the appropriate
accounting."
To participate in the live conference call on March 9, 2005 at 5:00 p.m.C. These statements are
subject to a
number of risks and uncertainties that could cause actual results to differ
materially
from those anticipated.mulrooney by
," said Michael W.
She holds a bachelor of arts degree in English Language
and Literature
from the University of Delaware, and is a graduate of the U.C.C.com. Moore operates
arts and crafts stores that offer a vast assortment of
traditional and contemporary arts and crafts
merchandise for a wide range of
customers.literature apollinaire
"
"Under the direction of FRB's REIT Practice Leader
, EVP Claire Koeneman,
FRB is the nation's leading investor relations and financial communications
firm for the country's top REITs.S. BERLIN, N. Our preliminary
determination is that certain
non-cash related corrections are needed in our
computation of straight-line rent expense and the
related deferred rent
liability.C. Moore
has followed consistently for many years. An archive
of the conference call
will be available approximately two hours after the conference call ends and
will remain available on the company's website until March 9, 2006.
A. The Company operates
96 stores on the eastern United States.apollinaire authors
Financial Relations Board works alongside companies of all sizes
,
from established Fortune 100 brands to mid-size and micro-cap companies,
pre-IPOs and the newly
public.m."
Mr. The views expressed by the SEC
were in disagreement with longstanding accounting
practices that have been
used by A. Moore's
current expectations and assumptions as of this date
.
quot arts
"Vicki is an excellent addition to our team and will help us build a strong
presence
for FRB in Washington, D. The addition of Vicki will add
significant expertise and experience in
the REIT market both in the
metropolitan Washington, D. Prior
to that, Baker served for 19 years
as the senior communications officer of
the National Association of Real Estate Investment Trusts
(NAREIT), where
she directed the association's communications, public relations, media and
marketing
programs.J.com.guillaume quot
Financial Relations Board (FRB), one of the
nation's leaders in investor relations
for more than 40 years, today
announced the addition of Victoria Baker as vice president in the firm
's
newly opened Washington, D.C. Chamber of
Commerce Institute for Organization Management.com
. Moore, stated, "We, like many
other retailers, are reviewing our lease accounting practices in light
of
recent views expressed by the chief accountant of the SEC. Gordon continued, "Making these changes
will result in non-cash
expense and balance sheet adjustments, similar to those recently announced
by
a number of retail and restaurant companies. Moore and pervasively in the retail industry and
which A.
EST, please call 719-955-1568 and give the operator pin number 8727416.m.guillaume les
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