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investor911

10/26/07 10:45 AM

#80802 RE: vortmaximum #80795

WiseBuys currently has five (5) locations representing approximately 230,000 square feet, and it has partnered with other retailers such as
1.Payless
2. ShoeSource, Inc.
3.KB Toys

to expand rapidly in rural markets in primarily former
Ames locations. WiseBuys has generated store revenues of over $35 million since November 2003, and, after a brief pause, is now aggressively seeking growth through acquisitions and new store development.


WiseBuys' goal is to add another 30-40 stores over a three year period and achieve annual revenues of about $120 million. Joe LaChausse, WiseBuys' CEO stated, "We feel
this critical mass is attainable given the current supply of relatively low cost retail space in rural America.


Our initial geographic presence with be New York, Pennsylvania, Vermont, Massachusetts, and Connecticut." WiseBuys' current stores -- all in New York
State - include Canton, Gouverneur, Hamilton, Pulaski, and Tupper Lake.