Jo-Ann Stores (JAS) Director Adopts 10b5-1 Stock Trading Plan

April 10, 2008 4:09 PM EDT

Jo-Ann Stores (NYSE: JAS) announced that Alan Rosskamm, a Director of Jo-Ann Stores and a member of one of the founding families, has entered into a stock trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Under the plan, Rosskamm Family Partners, L.P. and Caneel Bay Partners, L.P., of each of which Mr. Rosskamm is a general partner, may sell shares of Jo-Ann Stores as part of the Rosskamm family long-term asset diversification strategy.

Rule 10b5-1 allows directors and corporate officials to adopt written, pre-arranged stock trading plans when they do not have material, non-public information. Using these plans, insiders can spread stock trades out over an extended period of time to reduce any market impact, while avoiding concerns about the initiation of stock transactions when in possession of material, non-public information.

Jo-Ann Stores the leading national fabric and craft retailer with locations in 47 states, operates 196 large-format stores and 578 small-format stores. [JT]

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