Arden Group, Inc. Announces New Supermarket

  Arden Group, Inc. Announces New Supermarket

Business Wire

LOS ANGELES -- September 30, 2013

Arden Group, Inc. (Nasdaq:ARDNA) announced that its wholly-owned subsidiary,
Gelson’s Markets (Gelson’s), has entered into a lease for a new supermarket
location in La Cañada Flintridge, California. The remodel and actual opening
of the location is subject to, among other things, necessary governmental
approvals. Gelson’s is scheduled to take possession of the property on
December 1, 2013 and anticipates opening a new supermarket at that location in
February 2014. Gelson’s currently operates sixteen full-service supermarkets
in Southern California with another one scheduled to open in November 2013 in
Long Beach, California.

The Private Securities Litigation Reform Act of 1995 provides a safe harbor
for forward-looking statements made by or on behalf of Arden Group, Inc.
(Company). Certain statements contained in this Current Report on Form 8-K are
forward-looking statements. These statements discuss, among other things, a
future store opening which may or may not be accomplished. These
forward-looking statements reflect the Company’s current plans and
expectations and are based on information currently known to the Company. The
Company cautions readers that any forward-looking statements contained in this
Current Report involve risks and uncertainties and are subject to change. The
Company does not undertake any obligation to update forward-looking
statements.

Contact:

Arden Group, Inc.
Patricia S. Betance
Assistant Secretary
310-638-2842
 
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