Sport Chalet Announces Review of Strategic Alternatives

Los Angeles Sport Chalet, Inc. announced that its board of directors is engaged in an evaluation of strategic alternatives. The board has retained Wedbush Morgan Securities as its financial advisor in this process.

The review process may include such alternatives as raising additional capital, amending or replacing the company’s current bank credit facility, further reducing expenses, or continuing to execute the company’s current operating plan. No timetable has been set for completion of the review.

Sport Chalet, founded in 1959, is an operator of full-service specialty sporting goods stores in California, Nevada, Arizona and Utah.