In the news release, CPI Corp. (NYSE:CPY) Announces 2007 Second Quarter Results, issued earlier today by CPI Corp. over PR Newswire, we are advised by a representative of the company that in the last table, Condensed Consolidated Balance Sheets, the correct stockholders' equity for July 21, 2007, should have been 8,586,000, instead of 690,000, and the total liability and stockholders' equity should have been $219,547,000, instead of $211,651,000, as originally issued inadvertently. Full, corrected financial table follows: CPI CORP. CONDENSED CONSOLIDATED BALANCE SHEETS
JULY 21, 2007 AND JULY 22, 2006
(In thousands)
(Unaudited) JULY 21, JULY 22,
2007 2006
Assets Current assets:
Cash and cash equivalents $42,641 $8,098
Other current assets 38,373 28,971
Net property and equipment 60,897 34,379
Intangible assets 63,204 513
Other assets 14,432 13,354 Total assets $219,547 $85,315 Liabilities and stockholders' equity
(deficit) Current liabilities $69,346 $52,934
Long-term debt obligations 110,862 11,718
Other liabilities 30,753 25,501
Stockholders' equity (deficit) 8,586 (4,838) Total liabilities and
stockholders'
equity (deficit) $219,547 $85,315
DATASOURCE: CPI Corp.
Web site: http://www.cpicorp.com/
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