NAPERVILLE, Ill., Sept. 3 /PRNewswire/ -- Factory Card Outlet Corp.
(Nasdaq: FCPYQ) announced today that it has been notified by the NASDAQ/AMEX
that the Company's common stock has been delisted  from the NASDAQ National
Market, effective at the close of business on September 1, 1999, as the result
of uncertainties concerning the chapter 11 cases of the Company and its
operating subsidiary.  The Company is considering requesting the NASDAQ
Listing and Hearing Review Council to review the delisting decision, which
request must be made with 15 days after the September 1, 1999 date of such
decision.
    Factory Card Outlet is a chain of company owned stores offering a vast
assortment of party supplies, greeting cards, gift wrap and other special
occasion merchandise at everyday value prices.
    Certain statements in this news release constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995.  Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or 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.  On March 23, 1999,
the Company filed a petition for reorganization under chapter 11 of title 11
of the United States Code and is operating as a debtor in possession.  All
forward-looking statements relating to aspects of any plan of reorganization
submitted in connection with the Chapter 11 cases are dependent upon, among
other things, further improvements in the Company's store-level operating
performance, the proposal of an acceptable reorganization plan and the
confirmation of such plan by the bankruptcy court.
    In general, the results, performance or achievements of the Company and
its stores and the value of the Company's common stock are dependent upon a
number of factors including without limitation, the following:  effects
resulting from the commencement and completion of Chapter 11 cases; ability to
meet sales plans; weather and economic conditions; dependence on key
personnel, competition; ability to anticipate merchandise trends and consumer
demand; ability to maintain relationships with suppliers; successful
implementation of information systems; successful handling of merchandise
logistics; inventory shrinkage; ability to meet future capital needs;
governmental regulations; ability to complete corrective action necessary to
address Year 2000 issues; the Company's decision as to whether to request
review of the NASDAQ delisting decision and the outcome of such request for
review, if made; and other factors both referenced and not referenced in the
Company's filings with the Securities and Exchange Commission.

Link to this page: