Friedman's Comments on NYSE Action

Friedman's Comments on NYSE Action 


SAVANNAH, Ga., May 12  /PRNewswire-FirstCall/ -- Friedman's Inc. today
announced that it has been notified that the New York Stock Exchange (NYSE) has
made a determination to delist the company's Class A Common Stock that traded
under the ticker symbol FRM on the NYSE effective May 11, 2004. Friedman's is
evaluating an appeal of the decision of the NYSE.

The Company noted that while it is disappointed with the NYSE's decision, the
delisting from the Exchange does not affect Friedman's day-to-day business
operations.  The Company also noted that although its common stock is not
eligible for trading on the NASD over-the-counter bulletin board (OTC), the
Company understands that market makers have independently begun to make a
market in the company's common stock on the Pink Sheets under the symbol
"FRDM."

Friedman's Inc. is a leading specialty retailer of fine jewelry based in
Savannah, Georgia.  The Company is the leading operator of fine jewelry stores
located in power strip centers.  At April 12, 2004, Friedman's Inc. operated a
total of 711 stores in 20 states, of which 224 were located in power strip
centers and 487 were located in regional malls. 

DATASOURCE: Friedman's Inc.



CONTACT: Jeremy Jacobs, Sharon Goldstein or Joele Frank, all of Joele

Frank, Wilkinson Brimmer Katcher, [phone], for Friedman's Inc.

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