SAN DIEGO, July 6 /PRNewswire-FirstCall/ -- Charlotte Russe Holding, Inc. , a mall-based specialty retailer of fashionable, value-priced apparel and accessories targeting young women in their teens and twenties, announced today that Mr. Allan Karp has resigned from the board of directors after having served the company since 1996.
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Mark Hoffman, President and Chief Executive Officer, commented: "On behalf of the entire board of directors, we want to thank Allan for his more than 10 years of service and contributions to Charlotte Russe. We wish Allan the very best of continued success in his new business ventures."
Charlotte Russe Holding, Inc. is a mall-based specialty retailer of fashionable, value-priced apparel and accessories targeting young women in their teens and twenties. At June 30, 2007 the Company operated 408 stores in 43 states and Puerto Rico. The Company expects to open at least 50 new stores in fiscal 2007. For more information about the Company, please visit http://www.charlotte-russe.com/.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Except for the historical information contained herein, this press release contains forward-looking statements. Such statements include, but are not limited to, projections of our future results of operations or of our financial condition, our anticipated management and growth strategies and new store openings. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or from any results expressed or implied by such forward- looking statements. These risks and uncertainties include, but are not limited to, the risks that the Company will not achieve anticipated financial results or comparable store sales increases, the Company will not open new Charlotte Russe stores in the numbers or on the schedule anticipated, general and regional economic conditions, industry trends, consumer demands and preferences, competition from other retailers and uncertainties generally associated with women's apparel and accessory retailing. A complete description of these factors, as well as others that could affect the Company's business, is set forth in the Company's annual report on Form 10-K and quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission.
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