26.10.2011 20:00:00

Books-A-Million to Open BAM! Stores in 41 U.S. Cities

Books-A-Million, Inc. (NASDAQ:BAMM) today announced that it will open 41 new BAM! stores in markets across the U.S. in early November. The Company has also closed 21 underperforming locations during its third quarter. Expenses related to the new store openings and store closings will be reflected primarily in third quarter results.

"Our expansion into these markets represents a substantial opportunity for our Company,” said Terrance G. Finley, President and Chief Operating Officer for Books-A-Million, Inc. "We have been working diligently in the last several months to find ways to keep a number of former Borders store locations in operation under the BAM! brand, and these store openings are the culmination of that work. These 41 stores will also benefit local economies by providing and sustaining jobs in and around our new locations. To BAM!, it’s about forging a lifetime partnership with all bookstore lovers.”

The new BAM! stores are scheduled to open in early November and are located in:

  • Ames, IA
  • Auburn, ME
  • Bangor, ME
  • Barboursville, WV
  • Butler, PA
  • Charleston, WV
  • Columbia, MD
  • Concord, NH
  • Cumberland, MD
  • Cuyahoga Falls, OH
  • Davenport, IA
  • Dubuque, IA
  • Dulles, VA
  • Eau Claire, WI
  • Edwardsville, IL
  • Exton, PA
  • Hanover, PA
  • Harrisburg, PA
  • Merrillville, IN
  • Monaca, PA
  • Monroe, MI
  • N. Canton, OH
  • N. Conway, NH
  • Niles, OH
  • Pennsdale, PA
  • Rapid City, SD
  • Salina, KS
  • Sandusky, OH
  • Scranton, PA
  • Selinsgrove, PA
  • South Portland, ME
  • Southern Pines, NC
  • St. Clairsville, OH
  • Traverse City, MI
  • Valley Stream, NY
  • Vineland, NJ
  • Waldorf, MD
  • Waterford, CT
  • West Lebanon, NH
  • Westminster, MD
  • York, PA

ABOUT BOOKS-A-MILLION, INC.

Books-A-Million, Inc. is one of the nation’s leading book retailers and sells on the Internet at www.booksamillion.com. The Company presently operates over 210 stores in 23 states and the District of Columbia and, after the opening of the new stores, the Company will operate over 250 stores in 31 states and the District of Columbia. The Company operates large superstores under the names Books-A-Million, Books & Co., and 2nd & Charles and traditional bookstores operating under the names Bookland and Books-A-Million. The common stock of Books-A-Million, Inc. is traded on the NASDAQ Global Select Market under the symbol BAMM. For more information, visit the Company’s corporate website at www.booksamillioninc.com.

Follow Books-A-Million on Twitter (www.twitter.com/booksamillion) and like us on Facebook (www.facebook.com/booksamillion).

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This document contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. A number of factors could cause actual results, performance, achievements of the Company or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the competitive environment in the book retail industry in general and in the Company's specific market area; inflation; economic conditions in general and in the Company's specific market areas; the number of store openings and closings; the ability of our 41 new store locations to be successful; the profitability of certain product lines, capital expenditures and future liquidity; liability and other claims asserted against the Company; and uncertainties related to the Internet and the Company's Internet initiative. In addition, such forward-looking statements are necessarily dependent upon assumptions, estimates and dates that may be incorrect or imprecise and involve known and unknown risks, uncertainties and other factors. Accordingly, any forward-looking statements included herein do not purport to be predictions of future events or circumstances and may not be realized. Given these uncertainties, stockholders and prospective investors are cautioned not to place undue reliance on such forward-looking statements. Please refer to the Company’s annual, quarterly and periodic reports on file with the SEC for a more detailed discussion of these and other risks that could cause results to differ materially. The Company disclaims any obligations to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.

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