NEW YORK, Apr 1, 2003 (BUSINESS WIRE) -- Aeropostale Inc.
(NYSE:ARO), a mall-based specialty retailer of active and casual
apparel for young women and men, announced a sweepstakes offering a
grand prize of a $10,000 Scholarship toward tuition to any accredited
College or University in the United States.
This grand prize will be awarded to one matriculating student
beginning the Fall 2003 or the Spring 2004 semester or quarter. Other
prizes include a $500 Aeropostale gift card or t-shirt.
The sweepstakes will run through April 30, 2003. Eligible entrants
can register online at www.aeropostale.com. All entrants will receive
a 30% off discount coupon redeemable at any Aeropostale store. The
sweepstakes is a component of Aeropostale's collegiate marketing
initiatives, designed to promote brand awareness while providing
academic scholarship opportunities in conjunction with several college
conferences across the country.
Julian R. Geiger, Chairman and CEO of Aeropostale, commented, "We
are pleased with the partnerships we have with many of the NCAA
conferences and universities. These arrangements help create
educational opportunities for students while reinforcing the
Aeropostale brand on campus. The College Scholarship Sweepstakes
promotion exemplifies Aeropostale's commitment to it's core customer
and their academic pursuits."
About Aeropostale, Inc.
Aeropostale, Inc. is a mall-based specialty retailer of casual
apparel and accessories that targets both young women and young men
aged 11 to 20. The company provides customers with a selection of
high-quality, active-oriented, fashion basic merchandise in a
high-energy store environment. The company maintains complete control
over the proprietary brand by designing and sourcing all of its own
merchandise. Aeropostale products can be purchased only in its stores,
which sell Aeropostale merchandise exclusively.
The first Aeropostale store was opened in 1987. The company
operates 371 stores in 36 states.
Special Note: Safe Harbor Statement Under the Private Securities
Litigation Reform Act of 1995: Except for historical information
contained herein, the statements made in this release constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934. Such forward-looking statements involve certain risks and
uncertainties, including statements regarding the company's strategic
direction, prospects and future results. Certain factors, including
factors outside of our control, may cause actual results to differ
materially from those contained in the forward-looking statements.
These factors include the company's ability to implement its growth
strategy successfully, changes in consumer fashion preferences,
economic and other conditions in the markets in which we operate,
competition, seasonality and the other risks discussed in the
company's prospectus dated May 16, 2002 filed with the Securities and
Exchange Commission, which discussions are incorporated in this
release by reference.
Michael J. Cunningham, 973/872-5677, 888/363-2825
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