FROM:
Belz Enterprises
The Tower at Peabody Place
100 Peabody Place/Suite 1400
Memphis, TN 38103

CONTACT:       
Rubenstein Associates, Inc.

Public Relations: 212/843-8000
Filomena Maiello/Dawn Rowan

FOR IMMEDIATE RELEASE

Customer Appreciation Day At 100 Oaks Mall - Nashville

Mall Honors Customers With Day of Tax-Free Holiday Shopping

Nashville, TN (December 2, 1999) -- 100 Oaks Mall, the first shopping mall ever built in Tennessee, will host a Customer Appreciation Day featuring tax-free shopping on Wednesday, December 15th from 11 a.m. to 4 p.m. Shoppers must bring receipts dated December 15, 1999 to the tax table located on the second level of the mall to receive a 100 Oaks Mall gift certificate in the amount of the tax charged on the receipts. The tax refund is limited to $100 per person.

"This is not only a great way for shoppers to save money on their holiday purchases but also a great way for us to thank our loyal customers," says Andrew J. Groveman, Senior Vice President of Belz Enterprises.

100 Oaks Mall offers a vast selection of holiday merchandise -- from cookware and gadgets to the latest winter fashions, including clothing, footwear and more.

Located at 719 Thompson Lane in Nashville, Tennessee, 100 Oaks Mall offers the finest holiday shopping experience with key tenants such as Off 5th - Saks Fifth Avenue Outlet, Reebok and Burlington Coat Factory. Built by Belz Enterprises in 1967, 100 Oaks Mall is the second enclosed mall to have been built in the Southeast.

Throughout the holiday season, 100 Oaks Mall is open Monday through Saturday from 10 a.m. to 9:30 p.m. and on Sundays from 12 p.m. to 6:30 p.m.

With headquarters in Memphis, Tenn., Belz Enterprises developed and manages 100 Oaks Mall. In addition, Belz is also a leading developer and manager of factory outlet malls nationwide in Lakeland and Pigeon Forge, Tenn., Las Vegas, Nev. and Orlando, Fla. Additionally, the company recently opened a Belz Factory Outlet World in historic St. Augustine, Fla. and it is developing the first enclosed factory outlet mall in Puerto Rico. Furthermore, Belz owns and manages a group of premier hotels, including the flagship Peabody Hotels in Memphis and Orlando.

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