CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
CBL & Associates Properties, Inc. (NYSE: CBL) today announced that
it has begun offering its shoppers a line of themed American
Express(R) Gift Cards for special occasions, extending its partnership
with American Express -- the world's largest issuer of open gift
cards. The cards are available for sale via CBL's mall websites,
making CBL the first shopping center developer to make the cards and
the special offers attached to them available through the Internet.
CBL already offers the American Express Gift Card, as well as its
own CBL gift card for sale both online and at many of its regional
malls. With the new agreement, CBL will add the American Express Gift
Card Especially for Kids, Especially for Teens, Especially for the
Bride and Groom, and Especially for Birthdays to its portfolio of gift
cards. The cards are available in a variety of denominations.
"We are thrilled to become the first shopping center developer to
offer the American Express themed gift cards online, offering
alternative choices for our customers to personalize their gift
giving," said Stephen Lebovitz, president of CBL & Associates
Properties, Inc. "Using the Internet to make these cards available to
our shoppers is the perfect marriage between e-commerce and the
experiential shopping offered at our centers."
The themed Gift Cards, like all American Express Gift Cards, let
the gift recipient choose from millions of gifts and experiences
offered at retail, making it a popular gift choice. They can be
redeemed at U.S. retailers and restaurants that accept the American
Express Card, including in stores of CBL's regional malls and open-air
centers that accept American Express.
All American Express Gift Cards come with a choice of
cardholder-only special offers at participating merchants including
1-800-FLOWERS.COM(R), AMF Bowling, Build-A-Bear Workshop(R), f.y.e.,
KB Toys and Kid's Foot Locker. Gift Card special offers and a list of
participating partners can be viewed by visiting
www.americanexpress.com/specialoffers.(a)
"CBL has been an American Express partner since August 2004, and
we are very excited about extending what has already been a successful
relationship," said Stefan Happ, vice president and general manager,
American Express Gift Cards. "Offering our Gift Cards for special
occasions and specific recipients will extend our reach to CBL
shoppers nationwide."
American Express Gift Cards also are available online at
http://www.americanexpress.com/gift, and nationwide at tens of
thousands of locations, including supermarkets, drug stores, shopping
centers, banks and American Express Travel Service offices. If the
Gift Card is lost or stolen, the unused balance can be refunded or
replaced.(a)
About American Express
American Express Co. (www.americanexpress.com) is a leading global
payments, network and travel company founded in 1850.
American Express is a leader in consumer prepaid products. In
addition to the 116-year-old American Express Travelers Cheque - the
pre-eminent brand welcomed worldwide - the Company issues other
prepaid products including Cheques for Two, Gift Cards, Gift Cheques,
and a range of corporate incentive prepaid products through American
Express Incentive Services.
About CBL & Associates Properties, Inc.
CBL is one of the largest and most active owners and developers of
malls and shopping centers in the United States. CBL owns, holds
interests in or manages 130 properties, including 80 regional
malls/open-air centers. The properties are located in 27 states and
total 75.1 million square feet including 2.2 million square feet of
non-owned shopping centers managed for third parties. CBL currently
has fourteen projects under construction totaling 3.0 million square
feet including Pearland Town Center in Houston (Pearland), TX; CBL
Center II in Chattanooga, TN; four lifestyle/associated centers, seven
mall expansions/redevelopments, and one community center.
Headquartered in Chattanooga, TN, CBL has regional offices in Boston
(Waltham), MA, and Dallas, TX. Additional information can be found at
http://cblproperties.com.
Information included herein contains "forward-looking statements"
within the meaning of the federal securities laws. Such statements are
inherently subject to risks and uncertainties, many of which cannot be
predicted with accuracy and some of which might not even be
anticipated. Future events and actual events, financial and otherwise,
may differ materially from the events and results discussed in the
forward-looking statements. The reader is directed to the Company's
various filings with the Securities and Exchange Commission, including
without limitation the Company's Annual Report on Form 10-K and the
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" incorporated by reference therein, for a
discussion of such risks and uncertainties.
Source: CBL & Associates Properties, Inc.
Contact: CBL & Associates Properties, Inc.
Media Contact:
Deborah Gibb, 423-490-8315
Vice President - Corporate Relations
deborah_gibb@cblproperties.com
or
Investor Contact:
Katie Reinsmidt, 423-490-8301
Director of Investor Relations
katie_reinsmidt@cblproperties.com