lkgeo1
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 Posted:
Mon Nov 14, 2005 5:00 pm Post subject:
NDN APPOINTS NEW CFO |
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99 Cents Only Stores Appoints Rob Kautz Executive Vice President and
Chief Financial Officer
Monday November 14, 8:30 am ET
CITY OF COMMERCE, Calif.--(BUSINESS WIRE)--Nov. 14, 2005--99 Cents Only
Stores® (NYSE:NDN - News) today announced that it has appointed Rob
Kautz its Executive Vice President and Chief Financial Officer. Mr.
Kautz will oversee the Company's finance, accounting and strategic
planning functions, bringing over 20 years of financial and operational
experience to his new role. He joined the Company on November 11, 2005.
ADVERTISEMENT
Rob Kautz, 47, most recently served as CEO/CFO for a private start-up
in food production and distribution, and was previously CFO and
subsequently CEO of both Wolfgang Puck Casual Dining and Wolfgang Puck
Worldwide for six years. He was also CFO and subsequently President of
Koo Koo Roo, a NASDAQ company. Mr. Kautz has also held financial
positions in the related firms InterActive Partners and Archon Capital
Partners, and with Price Waterhouse, where he was a consultant to
Fortune 100 firms in strategic planning. He began his career as a
systems engineer with IBM prior to earning an MBA from Harvard Business
School.
Eric Schiffer, CEO of the Company, said, "We are extremely pleased to
have an executive as talented and committed as Rob Kautz join 99 Cents
Only Stores as CFO. Rob's expertise and leadership will be of great
benefit to our organization. Rob brings to us a strong knowledge of
finance, systems, operations and strategic planning. His diverse
breadth of experience from national packaged foods distribution to
multi-unit retail food service operations, as well as his strategic
focus in building financial systems will make him a great partner in
taking our Company to the next level. Rob will be a key part of our
team in both strengthening our internal controls and compliance systems
and in using our systems effectively to support our operations and
strategic decision making."
99 Cents Only Stores®, the nation's oldest existing one-price
retailer, operates 227 retail stores in California, Texas, Arizona and
Nevada and a wholesale division, Bargain Wholesale. 99 Cents Only
Stores® emphasizes name-brand consumables, priced at an excellent
value, in attractively merchandised stores, where nothing is over 99
cents.
The Company has included statements that constitute "forward-looking
statements" within the meaning of Section 21E of the Securities
Exchange Act and Section 27A of the Securities Act. The words "expect,"
"estimate," "anticipate," "predict," "believe" and similar expressions
and variations thereof are intended to identify forward-looking
statements. Such statements appear in a number of places in this
release and include statements regarding the intent, belief or current
expectations of the Company, its directors or officers. The
shareholders of the Company and other readers are cautioned not to put
undue reliance on such forward-looking statements. Such forward-looking
statements are not guarantees of future performance and involve risks
and uncertainties, and actual results may differ materially from those
projected in this release for the reasons, among others, discussed
herein and in the reports and other documents the Company files from
time to time with the Securities and Exchange Commission, including the
risk factors contained in the Section -- "Management's Discussion and
Analysis of Financial Condition and Results of Operations" of the
Company's Annual Reports on Form 10-K and Quarterly Reports on Form
10-Q. The Company undertakes no obligation to publicly revise these
forward-looking statements to reflect events or circumstances that
arise after the date hereof.
Note to Editors: 99 Cents Only Stores® news releases and information
available at www.99only.com.
Contact:
99 Cents Only Stores®, City of Commerce
Ana Gamez, 323-881-1247 (Investor Relations)
--------------------------------------------------------------------------------
Source: 99 Cents Only Stores
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