July 29, 2009
Press Release
For immediate release
Community Store to Hold an Invest-a-thon at the Block Party
Saranac Lake, July 29th, 2009 – Saranac Lake Community Store will be at
the Block Party on August 6th, 2009 conducting an Invest-a-thon to
raise capital. Supporters are encouraged to buy shares on the day or to
make pledges that can be settled at a later date or by installments.*
Board members will be on hand throughout the day to answer any
questions. Information is also available on our website
www.community-store.org where the prospectus may be downloaded and
which also includes a new posting: ‘Top 10 reasons to invest’.
It is also planned to unveil internal renderings of the store to give a
sense of the look and feel of the store. Community Store President
Melinda Little said, “This will be a key event for us this summer –
with just $140,000 to raise to reach our objective of $500,000 initial
equity capital, we are pulling out all the stops. Over 450 people have
already invested and want to make this dream a reality. In particular,
we are hoping that summer residents who value our unique community will
want to be a part of this venture.” In addition to this and our
presence at the Farmers’ Market, we also plan a celebratory event in
the fall for new members.
All founding investors will be acknowledged on a special Founders’ wall
to be situated in the store when it is opened.
The Saranac Lake Community Store is raising capital to open a
community-owned retail department store that will enhance the
sustainability and self-sufficiency of the retail economy in the
Tri-Lakes by providing a range of reasonably-priced goods not readily
available in the community.
*Shares are sold by prospectus only to residents of New York State ref.
07-1504
Contacts Melinda Little 891-0197
Gail Brill 891-0182
Alan Brown 891-3464
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