Mazel Stores Announces Name and Symbol Change; New Name: Odd Job Stores, Inc.; New Nasdaq Symbol: ODDJ

Business Wire, June 18, 2002

Business Editors

SOUTH PLAINFIELD, N.J.--(BUSINESS WIRE)--June 18, 2002

Mazel Stores, Inc. (Nasdaq:MAZL), a closeout chain of 77 stores operating primarily under the name Odd Job, announced today that it has changed its company name to Odd Job Stores, Inc. and its ticker symbol to (Nasdaq:ODDJ). The changes will be effective on June 19, 2002.

Peter Hayes, Mazel's Chairman and Chief Executive Officer, commented, "Our decision to change our company name reflects the strategic repositioning of the Company to a close-out retail operation. The vast majority of our 77 stores operate under the name Odd Job and now our company will operate under this same name."

Mr. Hayes concluded by saying, "Our customers and vendors have associated the Odd Job name with closeout retail stores that offer brand name merchandise for less with a `treasure hunt' shopping experience. Our corporate name change will further enhance this recognizable brand."

Mazel Stores, Inc. is a major closeout retailer operating 77 stores in New York, New Jersey, Connecticut, Pennsylvania, Delaware, Ohio, Kentucky and Michigan under the names "Odd Job", "Odd Job Trading", and "Mazel's". Company information is available on the Internet at www.mazelstores.com which will shortly be renamed www.oddjobstores.com.

Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include, but are not limited to, (i) the Company's continuing execution of its plan to restore its retail stores to profitability; (ii) the ability to purchase sufficient quality closeout and other merchandise at acceptable terms; and (iii) the ability of the Company to attract and retain qualified management and store personnel. Please refer to the Company's SEC filings for further information.