Clyde B. Anderson, Chairman and Chief Executive Officer, commented, "We are very excited about the opportunity to enter the Washington, D.C. and Chicago metropolitan markets. We plan to move aggressively to bring all the elements of the Books-A-Million brand to booklovers in these markets."

As a result of the timing of this transaction, the Company has postponed its press release announcing fourth quarter and year-end results and the related conference call, both of which were previously scheduled for Tuesday, March 20, 2001. The Company will release year-end results at the market's close on Thursday, March 22, 2001, and the conference call will begin at 4:00 p.m. Central Standard Time. The live Webcast of Books-A-Million's conference call will also begin at 4:00 p.m. Central Time on March 22, 2001. The link to this event may be found at the Company's website: www.booksamillioninc.com

Books-A-Million is one of the nation's leading book retailers and sells on the Internet at www.booksamillion.com. The company presently operates 202 stores in 18 states. The Company operates four distinct store formats, including large superstores operating under the names Books-A-Million and Books & Co., traditional bookstores and combination book and greeting card stores, both operating under the name Bookland, and Joe Muggs Newsstands.

Richard S. Wallington
Chief Financial Officer
(205) 942-3737