To the editor:
Just four years ago last month, we launched an effort to bring the first community-owned department store in New York state to the Tri-Lakes region (Lake Placid, Saranac Lake and Tupper Lake) by holding a town meeting at the Harrietstown Town Hall. More than 200 people attended, and by the end of the meeting, when we asked for a show of hands, virtually everyone in the room pledged to become an investor in this groundbreaking effort.
Well, I'm excited to report that we're almost there!
With the support of more than 500 people, the majority of whom are residents of the Tri-Lakes region, we've raised $445,000 in capital to date and need to sell only 550 more shares to reach our goal of $500,000 and open the store. A very big thanks to all of you who have supported this innovative effort to fill the gap left by Ames when it closed its door eight years ago.
We, the Interim Board of Directors and other volunteers, are working this summer behind the scenes to raise the additional capital needed but if you have been meaning to invest or reinvest and have not yet done so, now's the time to act. You can track our continuing progress, download the prospectus and more by going to our website at www.community-store.org, or simply call Melinda Little at 891-0197 or Alan Brown at 891-3464 for more information.
It's an exciting time here in Saranac Lake right now, given all of the projects on the horizon, and we're proud to be a part of it.
(Please note: Shares are sold by prospectus only to residents of New York state, ref. 07-1504.)
Melinda Little
On behalf of the Interim Board
The Community Store in Saranac Lake
Saranac Lake