Correction to Store Closings and Layoffs

I received an e-mail from representatives of Movie Gallery and Hollywood Video regarding their store closings. The following information has been posted to their web site at http://www.moviegallery.com/company/blog.aspx. The information has been removed from my original post.

It has recently come to our attention that there is information circulating the Internet regarding Movie Gallery and Hollywood Video store closures, which would have implications regarding gift card redemption. We would like to inform you that this information is not accurate. At this time there are no plans in place to close any of our Movie Gallery or Hollywood Video retail locations. We appreciate your loyalty and look forward to serving you in our stores.

Sincerely,

Sherif Mityas
Chief Operating Officer and President, Retail Operations
Movie Gallery, Inc.

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