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Eddie Bauer announces correction of error in Form 10

16
Jan '06

Leading lifestyle retailer Eddie Bauer Holdings Inc announced it has identified errors in the balance sheets and the statements of cash flows in the company's Form 10 Registration Statement.

The identified errors will result in corrections to the balance sheets and to line classifications on the statement of cash flows, but will not impact net cash flows.

In addition, the company does not expect these corrections to result in a change to reported net earnings.

The Form 10 was filed with the Securities and Exchange Commission (SEC) on December 15, 2005.

These errors in the balance sheets and statements of cash flows stem from the treatment of rent incentives related to closed stores and other errors, as discussed below

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Established in 1920 in Seattle, Eddie Bauer is a specialty retailer that sells high quality casual sportswear and accessories for the 'modern outdoor lifestyle.'

The company believes the Eddie Bauer brand is a nationally recognized brand that stands for high quality, innovation, style and customer service.

Eddie Bauer products are available at approximately 400 stores throughout the United States and Canada.

Eddie Bauer

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