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BUILDING OF STEW LEONARD’S EAST FARMINGDALE STORE
DELAYED DUE TO LAND DISPUTE



NORWALK, Conn., June 15, 2004 - Stew Leonard’s is ready to build in East Farmingdale, New York, having received all of the local approvals necessary. The future store site will be located at the intersection of Broad Hollow Road and Conklin Street in East Farmingdale. Stew Leonard’s has a contract to purchase the 19-acre site from the Fairchild Corporation and in our desire to be open by 2005, has already completed site preparation, poured foundation and had steel delivered.
 
However, Stew Leonard’s has delayed construction until further notice. The reason for the delay is due to a legal dispute between the owner of the property, Fairchild Corporation, and the State of New York Office of General Services, over a 6-acre section of the site previously owned by the state of New York. The process of resolving this dispute could delay the project for an undetermined amount of time. 
 

Despite this delay, Stew Leonard’s remains committed to opening a food store in East Farmingdale, and we thank you for your continued support.

 
Stew Leonard’s, a family-owned and operated grocery founded in 1969, has three stores in Norwalk and Danbury, Conn. and Yonkers, NY., with a fourth store planned for 2005 in East Farmingdale, N.Y. The company was named among FORTUNE magazine’s “100 Best Companies to Work for in America” for the past three consecutive years. For more information, visit Stew Leonard’s website at www.stewleonards.com.