Corporate Profile for Shoe Pavilion Inc., dated Oct. 9, 1998

Business Wire, Oct 9, 1998

--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-

Published Date:   Oct. 9, 1998

Company Name:     Shoe Pavilion Inc.

Address:          3200 Regatta Blvd.
                  Richmond, CA 94804

Main Telephone
 Number:          510/970-9775

Internet Home
 Page Address
  (URL)           www.shoepavilion.com

Chief Executive
 Officer:         Dmitry Beinus

Chief Financial
 Officer:         Gary Schwartz

Investor Relations
 Contact:         Gary Schwartz
 Business number: 510/970-9775

Public Relations
 Contact:         Gary Schwartz
 Business number: 510/970-9775

Trading Symbol/
 Exchange:        Nasdaq:SHOE

Industry:         Retail-footwear

Market Makers:    Van Kasper & Co., Pacific Crest, Wedbush Morgan

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Company description: Shoe Pavilion Inc., founded in 1979, is the largest independent off-price footwear retailer on the West Coast that offers a broad selection of women's and men's designer label and name brand merchandise.

The company was among the first footwear retailers on the West Coast to expand the off-price concept into the designer and name brand footwear market.

The company offers quality designer and name brand footwear such as Amalfi, Clarks, Dexter, Fila, Florsheim, Naturalizer, Nickels, Reebok and Rockport, typically at 30% to 70% below department store regular prices for the same shoes. As of Sept. 30, 1998, the company operated 62 retail stores in California, Washington and Oregon.

From 1993 through 1997, net sales and income before taxes increased at compound annual growth rates of 23.0% and 99.3% respectively. In 1997, net sales increased 48.7% to $45.1 million and income before income taxes increased 150.4% to $3.7 million compared to 1996.

The common stock of Shoe Pavilion Inc. is traded on the Nasdaq stock market under the symbol SHOE. As of Sept. 30, 1998, the 52-week high was $11.50 per share and the 52-week low was $4.75 per share.