Goody's Family Clothing Announces Quarterly Dividend and Annual Meeting Results KNOXVILLE, Tenn., June 15 /PRNewswire-FirstCall/ -- Goody's Family Clothing, Inc. (NASDAQ:GDYS) announced today that its board of directors has declared a quarterly cash dividend of $0.03 per share on its outstanding common shares, payable on September 15, 2005, to shareholders of record at the close of business on September 1, 2005. The Company also reported today that Goody's shareholders, voting at the Company's annual meeting, re-elected Irwin L. Lowenstein and Cheryl L. Turnbull as Class I Directors to serve until the 2008 annual meeting of shareholders and overwhelmingly approved the Goody's Family Clothing, Inc. 2005 Stock Incentive Plan. Goody's, headquartered in Knoxville, Tennessee, is a retailer of moderately priced family apparel. The Company currently operates 367 stores in the 20 states of Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Virginia and West Virginia. DATASOURCE: Goody's Family Clothing, Inc. CONTACT: Edward R. Carlin, Chief Financial Officer of Goody's Family Clothing, Inc., +1-865-966-2000

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