Century Management To Support CPI's Board Nominees at CPI's Annual Meeting of Stockholders

AUSTIN, Texas, June 22  /PRNewswire/ -- Century Management and its affiliate, Van Den Berg Management, which in the aggregate own 1,086,461 million shares of CPI Corp. (NYSE:CPY) stock as of May 9, 2009, representing 15.5% of CPI's outstanding shares, today announced that after carefully reviewing the positions of CPI and Ramius with regards to the election of directors at CPI's Annual Meeting, Century Management has decided to vote its shares in favor of all six of the candidates nominated by the CPI Board of Directors.

As long-term share holders of CPI, we are confident that the CPI Board of Directors and management team have taken the right steps to create value for all stockholders.  As a result of their efforts, we believe that CPI is on the right path and well positioned to compete.  We believe that electing the Board's director nominees is in the long-term interests of CPI stockholders and we intend to vote our shares for the CPI director nominees

About Century Management

Century Management, based in Austin, Texas, has provided asset management for families, trusts, pensions, and businesses for more than 34 years. 

DATASOURCE: Century Management



CONTACT:  Century Management, [phone]

Copyright