Syms Corporation (SYMS)

[veritas-twj]

01/15/08 : SYMZ : Syms Corp Shows Increased Trading on Pink Sheets

The following was a press release by the Company today on the first day of trading on the Pink Sheets... What the Company neglected to mention is the stock hit a new 1-year low of $7.50 during the day (the prior low was $10.39)... I suspect the Company was buying back shares all day under the previously announced Share Repurchase Program which is in effect through mid-2008...

Tom

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January 15, 2008 - 4:28 PM EST

Syms Corp. (PINK SHEETS: SYMZ), a leading off-price retailer, announced today that it has begun to see trading activity on its stock which is now listed on the Pink Sheets.

Volume on its first full day of trading exceeded 550,000 shares, representing over 12 times its normal trading volume. Shares were selling at a high of $10.85 per share, up 31% from its opening.

16 Market Makers, which included domestic as well as international traders, had placed bids for the company’s stock.

Financial data for the company is available on www.syms.com. Financial data and real time stock quotes are available on www.pinksheets.com.

Syms Corp currently operates a chain of thirty-three "off-price" apparel stores located throughout the Northeastern and Middle Atlantic regions and in the Midwest, Southeast and Southwest. Each Syms store offers a broad range of first quality, in-season merchandise bearing nationally recognized designer and brand-name labels.

Syms Corp.
Antone F. Moreira, 201-902-9600
Vice President, Treasurer
and Chief Financial Officer

Source: Business Wire (January 15, 2008 - 4:28 PM EST)