Hart Stores Makes First Payment under The Plan of Compromise and Arrangement

LAVAL, QC, Sept. 27, 2012 /CNW Telbec/ - Hart Stores Inc. (TSXV: HIS) is pleased to announce that it has made its first payment of $1.0 million to unsecured creditors under the Plan of Compromise and Arrangement as previously scheduled. The next payment of $1.0 million is scheduled for February 2013.

About Hart Stores:
Hart Stores Inc. operates a network of 60 mid-sized department stores located in secondary and tertiary markets in Eastern Canada, where the Company has established a dominant position in many of the communities that it serves. The stores offer an extensive and differentiated selection of national and exclusive fashion apparel brands as well as family footwear, home furnishings, electronics, appliances, giftware, toys and seasonal goods.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: HART STORES INC.

For further information:

Hart Stores Inc.
Mr. Robert Farah
President and COO
Hart Stores Inc.
(450) 661-4155

Profil de l'entreprise

HART STORES INC.

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