Law Offices of Howard G. Smith LLP Continues Investigation of A.C. Moore Arts & Crafts, Inc.

Law Offices of Howard G. Smith is continuing its investigation of potential claims against the Board of Directors of A.C. Moore Arts & Crafts, Inc. (“A.C. Moore” or the “Company”) (NASDAQ:ACMR) related to the proposed acquisition of the Company by Sbar’s, Inc. The transaction is valued at approximately $40.8 million or $1.60 per share. The acquisition is expected to close during the fourth quarter of 2011.

The investigation concerns whether the Board of Directors of A.C. Moore breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. The Company has seen substantial recent growth. Its share price nearly doubled from $1.83 on December 6, 2010 to $3.40 on March 21 2011. Further, at least one analyst has set a target price for the Company’s stock at $3.00.

If you are a shareholder of A.C. Moore, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at [phone], Toll Free at [phone], or by email to [e-mail], or visit our website at http://www.howardsmithlaw.com.