MARKET 99 LTD
			Symbol			MNTY

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Market 99 Approves Plan for Reverse Stock Split

2008-06-24 15:17 ET - News Release

DALLAS, TX -- (MARKET WIRE) -- 06/24/08

Market 99, Ltd. (PINKSHEETS: MNTY) -- Company officials today announced that over the past several weeks, The Board of Directors along with legal counsel and business consultants have been engaged in numerous meetings discussing the avenues needed to enable the success of Market 99. Unanimous approval from the entire Board of Directors voted it is in the best interest of Market 99 to initiate a reverse split of the outstanding shares of the common stock by 1000 for 1. An effective date for the reverse split is scheduled for July 2, 2008.

"Recently the company has had numerous unforeseen delays, such as the long delay in the construction and preparedness of both the Gus Thomasson and Lakeland locations. The results of such delays have led to slower than anticipated store openings as well as loss of approximately $750K of projected revenues from these locations," stated Jason Brola, Chairman & CEO of Market 99, Ltd. He further stated, "The reverse split is part of our overall strategy to achieve renewed liquidity required for both the current and future growth of Market 99. With this action we enable ourselves to move towards accomplishing a number of our immediate goals of, 1) simplifying our investors' understanding and visibility of our earnings on a per share basis, 2) attract and retain long term institutional shareholders through a higher share price and manageable share count, 3) move us closer to the opportunity for listing of our common stock on the OTC Bulletin Board Market."

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