Jennifer Convertibles.

A settlement has been reached in the securities class action lawsuit filed against Jennifer Convertibles on behalf of shareholders who purchased common stock of the company from November 24, 1993 through December 2, 1994. A hearing will be held on September 19, 2003 to determine whether the court will accept the proposed $2,250,000 settlement. A Proof of Claim form can be had by writing Jennifer Convertibles Securities Litigation, c/o The Garden City Group, Inc., Claims Administrator, P.O. Box 9000 # 6107, Merrick, New York 11566-9000 (Jun-09-03) [EMAIL LAW FIRM]