Clark Announces Acquisition of 84 Retail Locations

Apr 20, 2001, 01:00 ET from Clark Retail Enterprises, Inc.

    OAK BROOK, Ill., April 20 /PRNewswire Interactive News Release/ --
 Clark Retail Enterprises, Inc. announced today that it has acquired 84 retail
 locations from Minit Mart Foods, L.L.C. of Bowling Green, Kentucky.  Minit
 Mart(R) is a leading gasoline and convenience store marketer that operates
 locations in western Kentucky and north central Tennessee.  The 84 full-sized
 convenience stores range in size from 3,000 sq. ft. to 5,800 sq. ft., offering
 a full line of gasoline and convenience products as well as fresh deli items
 and QSR (quick-service restaurant) foods. Forty-five of the Minit Mart
 locations feature O'Deli's Subs(R) and 39 have Godfather's Pizza(TM).
     "This transaction significantly expands our fresh deli offerings and
 presence in the QSR business," said Brandon K. Barnholt, president and chief
 executive officer of Clark Retail Enterprises, Inc.  "Minit Mart is a great
 organization which has built a very strong network of stores.  This
 acquisition is an exciting opportunity to enter new markets and enhance our
 portfolio with the addition of a dynamic chain."
     All stores currently operate under the Minit Mart name, a strong brand
 with excellent local awareness.  Gasoline is marketed under the Minit Mart,
 Marathon(R), Exxon(R) and British Petroleum(R) brands.  Clark will move
 aggressively to integrate the stores into its operations.
     "We are pleased that Minit Mart is going to become part of a strong and
 top-notch organization like Clark.  The strength that Clark brings will allow
 the stores to better serve the customer," said Fred Higgins, president and
 chief executive officer of Minit Mart Foods, L.L.C.
     Clark Retail Enterprises, Inc., based in Oak Brook, Illinois, is a wholly
 owned subsidiary of Clark Retail Group, Inc. Clark Retail Enterprises, Inc.
 and its subsidiary, White Hen Pantry, Inc., are leading owners and operators
 of convenience food stores and gasoline retail locations.  With this
 acquisition, Clark Retail Enterprises, Inc. will have 1,349 total locations,
 consisting of 850 company-operated and 203 branded jobber gasoline and
 convenience stores, predominantly located in the central United States, and
 296 predominantly franchise-operated White Hen Pantry convenience food stores
 located in the greater Chicago, Illinois and greater Boston, Massachusetts
 markets.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X56345811
 
 

SOURCE Clark Retail Enterprises, Inc.
    OAK BROOK, Ill., April 20 /PRNewswire Interactive News Release/ --
 Clark Retail Enterprises, Inc. announced today that it has acquired 84 retail
 locations from Minit Mart Foods, L.L.C. of Bowling Green, Kentucky.  Minit
 Mart(R) is a leading gasoline and convenience store marketer that operates
 locations in western Kentucky and north central Tennessee.  The 84 full-sized
 convenience stores range in size from 3,000 sq. ft. to 5,800 sq. ft., offering
 a full line of gasoline and convenience products as well as fresh deli items
 and QSR (quick-service restaurant) foods. Forty-five of the Minit Mart
 locations feature O'Deli's Subs(R) and 39 have Godfather's Pizza(TM).
     "This transaction significantly expands our fresh deli offerings and
 presence in the QSR business," said Brandon K. Barnholt, president and chief
 executive officer of Clark Retail Enterprises, Inc.  "Minit Mart is a great
 organization which has built a very strong network of stores.  This
 acquisition is an exciting opportunity to enter new markets and enhance our
 portfolio with the addition of a dynamic chain."
     All stores currently operate under the Minit Mart name, a strong brand
 with excellent local awareness.  Gasoline is marketed under the Minit Mart,
 Marathon(R), Exxon(R) and British Petroleum(R) brands.  Clark will move
 aggressively to integrate the stores into its operations.
     "We are pleased that Minit Mart is going to become part of a strong and
 top-notch organization like Clark.  The strength that Clark brings will allow
 the stores to better serve the customer," said Fred Higgins, president and
 chief executive officer of Minit Mart Foods, L.L.C.
     Clark Retail Enterprises, Inc., based in Oak Brook, Illinois, is a wholly
 owned subsidiary of Clark Retail Group, Inc. Clark Retail Enterprises, Inc.
 and its subsidiary, White Hen Pantry, Inc., are leading owners and operators
 of convenience food stores and gasoline retail locations.  With this
 acquisition, Clark Retail Enterprises, Inc. will have 1,349 total locations,
 consisting of 850 company-operated and 203 branded jobber gasoline and
 convenience stores, predominantly located in the central United States, and
 296 predominantly franchise-operated White Hen Pantry convenience food stores
 located in the greater Chicago, Illinois and greater Boston, Massachusetts
 markets.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X56345811
 
 SOURCE  Clark Retail Enterprises, Inc.