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<SEC-DOCUMENT>0000930413-09-003134.txt : 20090609
<SEC-HEADER>0000930413-09-003134.hdr.sgml : 20090609
<ACCEPTANCE-DATETIME>20090609090051
ACCESSION NUMBER:		0000930413-09-003134
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20090609
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20090609
DATE AS OF CHANGE:		20090609

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REX STORES CORP
		CENTRAL INDEX KEY:			0000744187
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-RADIO TV & CONSUMER ELECTRONICS STORES [5731]
		IRS NUMBER:				311095548
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09097
		FILM NUMBER:		09880966

	BUSINESS ADDRESS:	
		STREET 1:		2875 NEEDMORE RD
		CITY:			DAYTON
		STATE:			OH
		ZIP:			45414
		BUSINESS PHONE:		5132763931

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AUDIO VIDEO AFFILIATES INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c57873_8k.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>c57873_8k.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">



<P align="center">
  <FONT size=2 face="serif">UNITED STATES </FONT><font size="2"><BR>
  <FONT face="serif">SECURITIES AND EXCHANGE COMMISSION </FONT><BR>
  <FONT face="serif">WASHINGTON, D.C. 20549 </FONT><BR>
  <BR>
  <FONT size="3" face="serif"><b>FORM 8-K</b> </FONT><BR>
  <BR>
  <FONT face="serif">CURRENT REPORT </FONT><BR>
  <BR>
  <FONT face="serif">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</FONT><BR>
  <BR>
  <FONT face="serif">Date of Report (Date of earliest event reported): June 9, 2009 </FONT><BR>
  <BR>
  <b><FONT size="4" face="serif">REX STORES CORPORATION </FONT></b><BR>
  <FONT face="serif">(Exact name of registrant as specified in its charter)</FONT></font> </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=33%><div align="center"></div></TD>
     <TD><div align="center"></div></TD>
     <TD width=33%><div align="center"></div></TD></TR>
<TR valign="bottom">
	<TD width="33%" align=left>
      <div align="center"><FONT size=2 face="serif">Delaware</FONT> </div></TD>
	<TD align=left><div align="center"><FONT size=2 face="serif">001-09097</FONT> </div></TD>
	<TD width="33%" align=center>
      <div align="center"><FONT size=2 face="serif">31-1095548</FONT> </div></TD>
</TR>
<TR valign="bottom">
	<TD width="33%" align=left>
      <div align="center"><FONT size=2 face="serif">(State or other jurisdiction</FONT> </div></TD>
	<TD align=right>
      <div align="center"><FONT size=2 face="serif">(Commission File No.)</FONT> </div></TD>
	<TD width="33%" align=center>
      <div align="center"><FONT size=2 face="serif">(IRS Employer</FONT> </div></TD>
</TR>

<TR valign="bottom">
	<TD width="33%" align=left>
      <div align="center"><font size="2"><FONT face="serif">of incorporation)</FONT></font> </div></TD>
	<TD align=left><div align="center"><font size="2"></font> </div></TD>
	<TD width="33%" align=left><div align="center"><font size="2"></font> <FONT size=2 face="serif">Identification
    No.)</FONT></div></TD>
</TR>

<TR>
	<TD colspan=3><font size="2">&nbsp;</font></TD>
</TR>
<TR valign="bottom">
	<TD width="33%" align=left>
      <div align="center"><FONT size=2 face="serif">2875 Needmore Road, Dayton, Ohio</FONT> </div></TD>
	<TD align=right>
      <div align="center"></div></TD>
	<TD width="33%" align=left><div align="center"><font size="2"></font> <FONT size=2 face="serif">45414</FONT></div></TD>
</TR>
<TR valign="bottom">
	<TD width="33%" align=left>
      <div align="center"><font size="2" face="serif">(Address
    of principal executive offices)</FONT></div></TD>
	<TD align=left>&nbsp;</TD>
	<TD width="33%" align=left>
      <div align="center"><FONT size=2 face="serif">(Zip Code)</FONT> </div></TD>
</TR>
<TR>
	<TD colspan=3><font size="2">&nbsp;</font></TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
      <div align="center"><font size="2">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="serif">Registrant's telephone number, including area code: (937) 276-3931</FONT></font> </div></TD>
</TR>
</TABLE>
<BR>
<P align="left">
  <FONT size=2 face="serif">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </FONT></P>
<P align="left">
  <FONT size=2 face="serif">[&nbsp;&nbsp;&nbsp;]&nbsp; Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></P>
<P align="left">
  <FONT size=2 face="serif">[&nbsp;&nbsp;&nbsp;]&nbsp; Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></P>
<P align="left">
  <FONT size=2 face="serif">[&nbsp;&nbsp;&nbsp;]&nbsp; Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></P>
<P align="left">
<FONT size=2 face="serif">[&nbsp;&nbsp;&nbsp;]&nbsp; Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT> </P>
<br>



<HR noshade align="center" width="100%" size=4>

<p style="page-break-before:always"></p>
<PAGE>


<P align="left">
  <FONT size=2 face="serif">Item 2.02.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Results of
Operations and Financial Condition </FONT></P>
<P align="left">
  <font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">On June 9, 2009, REX Stores Corporation issued a press release announcing financial results for the three month period ended April 30, 2009. The press release is furnished as Exhibit 99 to
this report. </FONT></font></P>
<P align="left">
  <FONT size=2 face="serif">Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial
Statements and Exhibits </FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR>
  <TD width="5%" valign=top nowrap>&nbsp;</TD>
	<TD width="4%" valign=top nowrap>
      <FONT size=2 face="serif">(c)</FONT><font size="2">&nbsp; &nbsp; &nbsp; 	</font></TD>
	<TD>
<P align="left"><FONT size=2 face="serif">Exhibits. The following exhibits are
    furnished with this report: </FONT></P>	</TD>
</TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
  <TD width="5%">&nbsp;</TD>
  <TD width="4%">&nbsp;</TD>
  <TD><FONT size=2 face="serif">99 Press Release dated June 9, 2009</FONT></TD>
</TR></TABLE>
<P align="left">&nbsp;  </P>
<P align="left"><FONT size=2 face="serif">SIGNATURES</FONT></P>
<P align="left">
  <font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
</FONT></font></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=55%></TD>
    <TD width=4%></TD>
     <TD width=6%></TD>
    <TD></TD>
     <TD width=10%></TD>
</TR>
<TR valign="bottom">
	<TD width="55%" align=left>&nbsp;	</TD>
	<TD colspan="3">
      <FONT size=2 face="serif">REX STORES CORPORATION</FONT> </TD>
	<TD width="10%" align=left>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width="55%" align=left>
      <FONT size=2 face="serif">Date: June 9, 2009</FONT> </TD>
	<TD width="4%"><font size="2"><FONT face="serif">By:</FONT></font> </TD>
	<TD colspan="2" style="border-bottom:solid black 1px">
      <font size="2"><FONT face="serif">/s/&nbsp;&nbsp;DOUGLAS L. BRUGGEMAN</FONT></font> </TD>
	<TD width="10%" align=left>&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD width="55%" align=left>&nbsp;	</TD>
	<TD width="4%">&nbsp;	</TD>
	<TD width="6%"><font size="2"><FONT face="serif">Name:</FONT></font></TD>
	<TD align=left>
      <font size="2"><FONT face="serif">Douglas
    L. Bruggeman</FONT></font> </TD>
    <TD width="10%" align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width="55%" align=left>&nbsp;	</TD>
	<TD width="4%">&nbsp;	</TD>
	<TD width="6%"><font size="2"><FONT face="serif">Title:</FONT></font></TD>
	<TD align=left>
      <font size="2"><FONT face="serif">Vice
    President - Finance,</FONT></font> </TD>
    <TD width="10%" align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width="55%" align=left>&nbsp;	</TD>
	<TD width="4%">&nbsp;	</TD>
	<TD width="6%">&nbsp;</TD>
	<TD align=left>
      <font size="2"><FONT face="serif">Chief Financial Officer</FONT></font> </TD>
    <TD width="10%" align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width="55%" align=left>&nbsp;	</TD>
	<TD width="4%">&nbsp;	</TD>
	<TD width="6%">&nbsp;</TD>
	<TD align=left>
      <font size="2"><FONT face="serif">and Treasurer</FONT></font> </TD>
    <TD width="10%" align=left>&nbsp;</TD>
</TR>
</TABLE>
<p>&nbsp;</p>


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</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>c57873_ex99.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>c57873_ex99.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">



<P align="right"><B><FONT face="serif">Exhibit 99</FONT></B></P>
<P align="center"><IMG src="c57873_ex99x1x1.jpg" border=0>
</P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=60%></TD>
    <TD width=47%></TD></TR>
<TR valign="bottom">
        <TD width="60%" align=left>
<B><FONT size=5 face="sans-serif">News Announcement</FONT></B>  </TD>
        <TD align=left>
<B><FONT size=5 face="sans-serif">For Immediate Release</FONT></B>      </TD>
</TR>
<TR>
        <TD colspan=2>&nbsp;    </TD>
</TR>
<TR valign="bottom">
        <TD width="60%" align=left>
<B><FONT face="serif">For further information contact:</FONT></B>       </TD>
        <TD align=left>&nbsp;   </TD>
</TR>
<TR valign="bottom">
        <TD width="60%" align=left>
<FONT face="serif">Douglas Bruggeman</FONT>     </TD>
        <TD align=left>
<FONT face="serif">Joseph N. Jaffoni/David Collins</FONT>       </TD>
</TR>
<TR valign="bottom">
        <TD width="60%" align=left>
<FONT face="serif">Chief Financial Officer</FONT>       </TD>
        <TD align=left>
<FONT face="serif">Jaffoni &amp; Collins Incorporated</FONT>    </TD>
</TR>
<TR valign="bottom">
        <TD width="60%" align=left>
<FONT face="serif">937/276-3931</FONT>  </TD>
        <TD align=left>
<FONT face="serif">212/835-8500 or rsc@jcir.com</FONT>  </TD>
</TR>
</TABLE>
<BR>
<P align="center">
<B><FONT face="serif">REX STORES REPORTS FISCAL 2009 FIRST QUARTER RESULTS</FONT></B></P>
<P align="center">
<B><FONT face="serif">- Repurchased 251,463 Common Shares in Fiscal 2009 to Date -</FONT></B></P>
<P align="left">
<FONT face="serif">Dayton, Ohio (June 9, 2009) &#150; REX Stores Corporation (NYSE: RSC) today announced financial results for the three month period ended April 30, 2009 (the first quarter of the Company&#146;s 2009 fiscal year). The Company will
host a conference call and webcast this morning (details below) to review the results. </FONT></P>
<P align="left">
<B><FONT face="serif">Select Balance Sheet and Segment Balance Sheet Data </FONT></B></P>
<P align="left">
<FONT face="serif">Reflecting the fiscal 2009 first quarter repayment of &#36;7.5 million of mortgage debt as well as the use during the fiscal 2009 first quarter of approximately &#36;1.2 million for the repurchase of 154,563 common shares, as of
April 30, 2009, REX had unrestricted cash and cash equivalents of approximately &#36;84.3 million.</FONT></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD></TD>
     <TD width=2%></TD>
     <TD width=1%></TD>
     <TD width=8%></TD>
     <TD width=5%></TD>
     <TD width=1%></TD>
     <TD width=8%></TD>
     <TD width=5%></TD>
     <TD width=1%></TD>
     <TD width=8%></TD></TR>
<TR valign="bottom">
        <TD align=left>&nbsp;   </TD>
        <TD>&nbsp;      </TD>
        <TD align=center colspan=2>
<B><U><FONT size=2 face="serif">April&nbsp;30,&nbsp;2009</FONT></U></B> </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD align=center colspan=2>
<B><U><FONT size=2 face="serif">Jan.&nbsp;31,&nbsp;2009</FONT></U></B>  </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD align=center colspan=2>
<B><U><FONT size=2 face="serif">April&nbsp;30,&nbsp;2008</FONT></U></B> </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left>
<B><FONT size=2 face="serif">Assets:</FONT></B> </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=right>&nbsp;       </TD>
        <TD width="8%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=right>&nbsp;       </TD>
        <TD width="8%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=right>&nbsp;       </TD>
        <TD width="8%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">Retail</FONT> </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">&#36;</FONT>  </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">52,135</FONT> </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">&#36;</FONT>  </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">80,437</FONT> </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">&#36;</FONT>  </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">112,449</FONT>        </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left>
<FONT size=2 face="serif">Alternative energy</FONT>     </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=right>&nbsp;       </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">263,204</FONT>        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=right>&nbsp;       </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">249,422</FONT>        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=right>&nbsp;       </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">192,323</FONT>        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">Corporate</FONT>      </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=right style="border-bottom:1px solid #000000;">&nbsp;      </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">125,246</FONT></TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=right style="border-bottom:1px solid #000000;">&nbsp;      </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">121,429</FONT></TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=right style="border-bottom:1px solid #000000;">&nbsp;      </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">121,665</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left>
<FONT size=2 face="serif">Total assets</FONT>   </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT></TD>
        <TD width="8%" align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">440,585</FONT></TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT></TD>
        <TD width="8%" align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">451,288</FONT></TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT></TD>
        <TD width="8%" align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">426,437</FONT></TD>
</TR>
</TABLE>
<BR>
<P align="left">
<B><FONT face="serif">Fiscal 2009 First Quarter Income Statement Review </FONT></B></P>
<P align="left">
<FONT face="serif">Late in fiscal 2008 REX leased 37 owned retail locations to a third party who also entered into a lease and sublease for two store locations leased by REX. The Company plans to fully discontinue its retail operations during the
2009 fiscal year and going forward expects to recognize deferred income from service contracts and prior real estate sales which should largely offset costs incurred in exiting this segment. The table below summarizes net sales and revenue from
REX&#146;s retail and alternative energy segments and (loss) income from continuing operations for the three month periods ended April 30, 2009 and April 30, 2008. Certain amounts differ from those previously reported as a result of some stores
being reclassified into discontinued operations. </FONT></P>
<P align="center">
<FONT face="serif">-more-</FONT></P>
<br>



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<p style="page-break-before:always"></p><PAGE>


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=75%></TD>
     <TD width=22%></TD></TR>
<TR valign="bottom">
        <TD align=left>
<B><FONT face="serif">REX Reports Fiscal 2009 First Quarter Results, 6/9/09</FONT></B>  </TD>
        <TD align=right>
<FONT face="serif">page 2</FONT>        </TD>
</TR>
</TABLE>
<BR>
<br>

<TABLE width=80% border=0 align="center" cellpadding=0 cellspacing=0>
<TR>
     <TD></TD>
     <TD width=2%></TD>
     <TD width=1%></TD>
     <TD width=10%></TD>
    <TD width=1%></TD>
     <TD width=5%></TD>
     <TD width=1%></TD>
     <TD width=10%></TD>
  <TD width=1%></TD></TR>
<TR valign="bottom">
        <TD align=left>&nbsp;   </TD>
        <TD>&nbsp;      </TD>
        <TD align=center colspan=7>
<B><FONT size=2 face="serif">Three Months Ended April&nbsp;30,</FONT></B>       </TD>
</TR>
<TR valign="bottom">
        <TD align=left>&nbsp;   </TD>
        <TD>&nbsp;      </TD>
        <TD align=center colspan=3 style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">2009</FONT></B>    </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD align=center colspan=3 style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">2008</FONT></B>    </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<B><FONT size=2 face="serif">Net sales and revenue:</FONT></B>  </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=right>&nbsp;       </TD>
        <TD width="10%" align=left>&nbsp;       </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=right>&nbsp;       </TD>
        <TD width="10%" align=left>&nbsp;       </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">Retail</FONT> </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">&#36;</FONT>  </TD>
        <TD width="10%" align=right>
<FONT size=2 face="serif">15,616</FONT> </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">&#36;</FONT>  </TD>
        <TD width="10%" align=right>
<FONT size=2 face="serif">25,642</FONT> </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">Alternative energy</FONT>     </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=right style="border-bottom:1px solid #000000;">&nbsp;      </TD>
        <TD width="10%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">14,118</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=right style="border-bottom:1px solid #000000;">&nbsp;      </TD>
        <TD width="10%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">1,167</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">Total net sales and revenues</FONT>   </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=right bgcolor="#E5FFFF" style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>  </TD>
        <TD width="10%" align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">29,734</FONT> </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=right bgcolor="#E5FFFF" style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>  </TD>
        <TD width="10%" align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">26,809</FONT> </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR>
        <TD colspan=9>&nbsp;    </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<B><FONT size=2 face="serif">Segment profit (loss):</FONT></B>  </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=right>&nbsp;       </TD>
        <TD width="10%" align=left>&nbsp;       </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=right>&nbsp;       </TD>
        <TD width="10%" align=left>&nbsp;       </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">Retail segment (loss) profit</FONT>   </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">&#36;</FONT>  </TD>
        <TD width="10%" align=right>
<FONT size=2 face="serif">(453</FONT>   </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">&#36;</FONT>  </TD>
        <TD width="10%" align=right>
<FONT size=2 face="serif">713</FONT>    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">Alternative energy segment (loss) profit</FONT>       </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=right>&nbsp;       </TD>
        <TD width="10%" align=right>
<FONT size=2 face="serif">(2,003</FONT> </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=right>&nbsp;       </TD>
        <TD width="10%" align=right>
<FONT size=2 face="serif">428</FONT>    </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">Corporate expense</FONT>      </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=right bgcolor="#E5FFFF">&nbsp;     </TD>
        <TD width="10%" align=right>
<FONT size=2 face="serif">(383</FONT>   </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=right bgcolor="#E5FFFF">&nbsp;     </TD>
        <TD width="10%" align=right>
<FONT size=2 face="serif">(537</FONT>   </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">)</FONT>      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">Indirect interest expense</FONT>      </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=right>&nbsp;       </TD>
        <TD width="10%" align=right>
<FONT size=2 face="serif">(201</FONT>   </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=right>&nbsp;       </TD>
        <TD width="10%" align=right>
<FONT size=2 face="serif">(112</FONT>   </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">)</FONT>      </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">Indirect investment income</FONT>     </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=right bgcolor="#E5FFFF">&nbsp;     </TD>
        <TD width="10%" align=right>
<FONT size=2 face="serif">230</FONT>    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=right bgcolor="#E5FFFF">&nbsp;     </TD>
        <TD width="10%" align=right>
<FONT size=2 face="serif">664</FONT>    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">Income from synthetic fuel investments</FONT> </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=right style="border-bottom:1px solid #000000;">&nbsp;      </TD>
        <TD width="10%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">-</FONT>      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=right style="border-bottom:1px solid #000000;">&nbsp;      </TD>
        <TD width="10%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">670</FONT>    </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">(Loss) income from continuing operations</FONT>       <FONT size=2 face="serif">before
income taxes</FONT> </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD align=right style="border-bottom:3px double #000000;"><FONT size=2 face="serif">&#36;</FONT> </TD>
        <TD align=right style="border-bottom:3px double #000000;"><FONT size=2 face="serif">(2,810</FONT> </TD>
        <TD align=left style="border-bottom:3px double #FFFFFF;"><FONT size=2 face="serif">)</FONT> </TD>
        <TD>&nbsp;</TD>
        <TD align=right style="border-bottom:3px double #000000;"><FONT size=2 face="serif">&#36;</FONT> </TD>
        <TD align=right style="border-bottom:3px double #000000;"><FONT size=2 face="serif">1,826</FONT> </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
</TABLE>
<BR>
<P align="left">
<FONT face="serif">The Company&#146;s financial results reflect the consolidation of its investments in two ethanol affiliates, Levelland Hockley County Ethanol, LLC (&#147;Levelland Hockley&#148;) and One Earth Energy LLC (&#147;One Earth&#148;).
</FONT></P>
<P align="left">
<FONT face="serif">In the quarter ended April 30, 2009 REX incurred a loss from continuing operations, net of tax, attributable to common shareholders of &#36;1.3 million, or &#36;0.14 per diluted share attributable to REX common shareholders. In
the first quarter of fiscal 2008 REX reported income from continuing operations, net of tax, attributable to common shareholders of &#36;1.6 million, or &#36;0.13 per diluted share attributable to REX common shareholders. </FONT></P>
<P align="left">
<FONT face="serif">During the fiscal 2009 first quarter REX recorded &#36;0.2 million in investment income compared to &#36;0.9 million of investment income in the comparable prior year period. The decline primarily reflects the lower yields
available on cash balances in the current period. In the fiscal 2009 first quarter the Company incurred &#36;0.8 million in interest expense compared to &#36;0.1 million of interest expense in the comparable prior year period. The increase is
primarily attributable to the Company&#146;s consolidation of its investments in Levelland Hockley, which prior to going into production capitalized interest expense. In the three months ended April 30, 2009 REX incurred a &#36;0.2 million loss on
disposal on real estate, net, as well as a &#36;0.1 million loss on early termination of debt. In the three months ended April 30, 2008 REX recorded &#36;0.7 million of income from synthetic fuel investments. In the three months ended April 30, 2009
and 2008 the Company incurred a &#36;0.3 million pre-tax loss and &#36;1.0 million pre-tax gain, respectively, related to its unconsolidated ethanol affiliates, Patriot Renewable Fuels, LLC and Big River Resources, LLC.</FONT></P>
<P align="left">
<FONT face="serif">During the fiscal 2009 first quarter the Company incurred a &#36;0.6 million loss on derivative financial instruments, net, held by its consolidated ethanol entities (Levelland Hockley and One Earth) compared to a gain of &#36;0.5
million during the fiscal 2008 first quarter.</FONT></P>
<P align="center">
<FONT face="serif">-more-</FONT></P>
<br>


<HR noshade align="center" width="100%" size=4>

<p style="page-break-before:always"></p><PAGE>


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=75%></TD>
     <TD width=22%></TD></TR>
<TR valign="bottom">
        <TD align=left>
<B><FONT face="serif">REX Reports Fiscal 2009 First Quarter Results, 6/9/09</FONT></B>  </TD>
        <TD align=right>
<FONT face="serif">page 3</FONT>        </TD>
</TR>
</TABLE>
<BR>
<br>

<P align="left">
<FONT face="serif">REX recorded, from continuing operations, a &#36;0.9 million benefit for income taxes in the quarter ended April 30, 2009 compared with a &#36;0.5 million income tax expense in the comparable prior year period. During the quarters
ended April 30, 2009 and 2008, REX recognized a &#36;0.4 million loss and &#36;0.04 million loss, respectively from discontinued operations, net of taxes. Net loss attributable to common shareholders in the quarter ended April 30, 2009 was &#36;1.7
million, or &#36;0.19 per diluted share compared with net income of &#36;1.5 million, or &#36;0.13 per diluted share, in the same period of fiscal 2008. Per share results are based on 9,298,000 and 11,620,000 diluted weighted average shares
outstanding for the quarters ended April 30, 2009 and April 30, 2008, respectively. </FONT></P>
<P align="left">
<FONT face="serif">During the fiscal 2009 first quarter REX purchased 154,563 shares of its common stock in open market transactions. In the fiscal second quarter to date, REX repurchased an additional 96,900 shares. Reflecting all purchases
to-date, the Company has approximately 327,885 authorized shares remaining available to purchase under the expanded February 2009 stock buy-back authorization and presently has approximately 9,225,000 shares of common stock outstanding. </FONT></P>
<P align="left">
<B><FONT face="serif">REX Stores&#146; Current Ethanol Production Interests </FONT></B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="border:1px solid #000000;" >
<TR>
     <TD></TD>
     <TD width=11%></TD>
     <TD width=11%></TD>
     <TD width=11%></TD>
     <TD width=11%></TD>
     <TD width=15%></TD>
</TR>
<TR valign="bottom">
        <TD align=left>&nbsp;   </TD>
        <TD width="11%" align=center style="border-left:1px solid #000000;">
<B><FONT size=2 face="serif">REX&#146;s</FONT></B>      </TD>
        <TD width="11%" align=left style="border-left:1px solid #000000;">&nbsp;        </TD>
        <TD align=left style="border-left:1px solid #000000;">&nbsp;    </TD>
        <TD width="11%" align=center style="border-left:1px solid #000000;">
<B><FONT size=2 face="serif">Production</FONT></B>      </TD>
        <TD width="15%" align=left style="border-left:1px solid #000000;">&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>&nbsp;   </TD>
        <TD width="11%" align=center style="border-left:1px solid #000000;">
<B><FONT size=2 face="serif">Capital</FONT></B> </TD>
        <TD width="11%" align=left style="border-left:1px solid #000000;">&nbsp;        </TD>
        <TD align=left style="border-left:1px solid #000000;">&nbsp;    </TD>
        <TD width="11%" align=center style="border-left:1px solid #000000;">
<B><FONT size=2 face="serif">Nameplate</FONT></B>       </TD>
        <TD width="15%" align=left style="border-left:1px solid #000000;">&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>&nbsp;   </TD>
        <TD width="11%" align=center style="border-left:1px solid #000000;">
<B><FONT size=2 face="serif">Investment</FONT></B>      </TD>
        <TD width="11%" align=center style="border-left:1px solid #000000;">
<B><FONT size=2 face="serif">REX&#146;s</FONT></B>      </TD>
        <TD align=center style="border-left:1px solid #000000;">
<B><FONT size=2 face="serif">Debt</FONT></B>    </TD>
        <TD width="11%" align=center style="border-left:1px solid #000000;">
<B><FONT size=2 face="serif">Capacity</FONT></B>        </TD>
        <TD width="15%" align=center style="border-left:1px solid #000000;">
<B><FONT size=2 face="serif">Estimated Plant</FONT></B> </TD>
</TR>
<TR valign="bottom">
        <TD height="18" align=center>
<B><FONT size=2 face="serif">Entity</FONT></B>  </TD>
        <TD width="11%" align=center style="border-left:1px solid #000000;">
<B><FONT size=2 face="serif">(&#36; in</FONT></B>       </TD>
        <TD width="11%" align=center style="border-left:1px solid #000000;">
<B><FONT size=2 face="serif">Ownership</FONT></B>       </TD>
        <TD align=center style="border-left:1px solid #000000;">
<B><FONT size=2 face="serif">Investment</FONT></B>      </TD>
        <TD width="11%" align=center style="border-left:1px solid #000000;">
<B><FONT size=2 face="serif">(millions of</FONT></B>    </TD>
        <TD width="15%" align=center style="border-left:1px solid #000000;">
<B><FONT size=2 face="serif">Completion</FONT></B>      </TD>
</TR>
<TR valign="bottom">
        <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
        <TD width="11%" align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;">
<B><FONT size=2 face="serif">millions)</FONT></B>       </TD>
        <TD width="11%" align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;">
<B><FONT size=2 face="serif">Interest</FONT></B>        </TD>
        <TD align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;">
<B><FONT size=2 face="serif">(&#36; in millions)</FONT></B>     </TD>
        <TD width="11%" align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;">
<B><FONT size=2 face="serif">gallons)</FONT></B>        </TD>
        <TD width="15%" align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;">
<B><FONT size=2 face="serif">Date</FONT></B>    </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Levelland Hockley County
Ethanol, LLC (1)</FONT> </TD>
        <TD width="11%" align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;">
<FONT size=2 face="serif">&#36;16.5</FONT>      </TD>
        <TD width="11%" align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;">
<FONT size=2 face="serif">56%</FONT>    </TD>
        <TD align=center bgcolor="#E5FFFF" style="border-bottom:1px solid #000000; border-left:1px solid #000000;"><FONT size=2 face="serif">&#36;</FONT><FONT size=2 face="serif">5.5</FONT>   </TD>
        <TD width="11%" align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;">
<FONT size=2 face="serif">40</FONT>     </TD>
        <TD width="15%" align=center bgcolor="#E5FFFF" style="border-bottom:1px solid #000000; border-left:1px solid #000000;">
<FONT size=2 face="serif">In Production</FONT>  </TD>
</TR>
<TR valign="bottom">
        <TD align=left style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Patriot Renewable Fuels,
LLC</FONT>      </TD>
        <TD width="11%" align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;">
<FONT size=2 face="serif">&#36;16.0</FONT>      </TD>
        <TD width="11%" align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;">
<FONT size=2 face="serif">23%</FONT>    </TD>
        <TD align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;"><FONT size=2 face="serif">&#36;1.0</FONT>      </TD>
        <TD width="11%" align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;">
<FONT size=2 face="serif">100</FONT>    </TD>
        <TD width="15%" align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;">
<FONT size=2 face="serif">In Production</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;One Earth Energy, LLC</FONT>    </TD>
        <TD width="11%" align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;">
<FONT size=2 face="serif">&#36;50.8</FONT>      </TD>
        <TD width="11%" align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;">
<FONT size=2 face="serif">74%</FONT>    </TD>
        <TD align=center bgcolor="#E5FFFF" style="border-bottom:1px solid #000000; border-left:1px solid #000000;">
<FONT size=2 face="serif">-</FONT>      </TD>
        <TD width="11%" align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;">
<FONT size=2 face="serif">100</FONT>    </TD>
        <TD width="15%" align=center bgcolor="#E5FFFF" style="border-bottom:1px solid #000000; border-left:1px solid #000000;">
<FONT size=2 face="serif">Summer 2009</FONT>    </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Big River Resources,
LLC-W. Burlington</FONT>        </TD>
        <TD width="11%" align=left style="border-left:1px solid #000000;">&nbsp;        </TD>
        <TD width="11%" align=left style="border-left:1px solid #000000;">&nbsp;        </TD>
        <TD align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;">
<FONT size=2 face="serif">-</FONT>      </TD>
        <TD width="11%" align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;">
<FONT size=2 face="serif">92</FONT>     </TD>
        <TD width="15%" align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;">
<FONT size=2 face="serif">In Production</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Big River Resources,
LLC-Galva</FONT>        </TD>
        <TD width="11%" align=center style="border-left:1px solid #000000;">
<FONT size=2 face="serif">&#36;20.0</FONT>      </TD>
        <TD width="11%" align=center style="border-left:1px solid #000000;">
<FONT size=2 face="serif">10%</FONT>    </TD>
        <TD align=center bgcolor="#E5FFFF" style="border-left:1px solid #000000;">
<FONT size=2 face="serif">-</FONT>      </TD>
        <TD width="11%" align=center style="border-left:1px solid #000000;">
<FONT size=2 face="serif">100</FONT>    </TD>
        <TD width="15%" align=center bgcolor="#E5FFFF" style="border-left:1px solid #000000;">
<FONT size=2 face="serif">Summer 2009</FONT>    </TD>
</TR>
</TABLE>
<BR>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
        <TD nowrap valign=top>
<FONT size=2 face="serif">(1)</FONT>&nbsp; &nbsp; &nbsp;        </TD>
        <TD width=100%>
<P align="left"><FONT size=2 face="serif">On January 29, 2009, REX (through a wholly-owned subsidiary) agreed to fund up to &#36;2.0 million in the form of a subordinated revolving line of credit to Levelland Hockley and to issue a &#36;1.0 million
letter of credit for the benefit of Levelland Hockley. These amounts are not reflected in the table above.</FONT></P>
        </TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>
<P align="left">
<FONT face="serif">The Company will host a conference call and webcast today at 11:00 a.m. ET, which are open to the general public. The conference call dial-in number is 212/231-2920; please call ten minutes in advance to ensure that you are
connected prior to the presentation. Interested parties may also access the call live via the Investor Relations page of the Company&#146;s website, www.rextv.com, or at www.earnings.com; please allow 15 minutes to register, download and install any
necessary software.</FONT></P>
<P align="left">
<FONT face="serif">Following its completion, a telephonic replay of the call can be accessed through 1:00 p.m. ET on June 22, 2009 by dialing 800/633-8284 or 402/977-9140 (international callers). The access code for the audio replay is 21427785.
Alternatively, a replay will be available on the Internet for 30 days at </FONT><U><FONT face="serif">www.rextv.com</FONT></U><FONT face="serif"> or </FONT><U><FONT face="serif">www.earnings.com</FONT></U><FONT face="serif">. </FONT></P>
<P align="center">
<FONT face="serif">-more-</FONT></P>
<br>


<HR noshade align="center" width="100%" size=4>



<p style="page-break-before:always"></p><PAGE>


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=75%></TD>
     <TD width=22%></TD></TR>
<TR valign="bottom">
        <TD align=left>
<B><FONT face="serif">REX Reports Fiscal 2009 First Quarter Results, 6/9/09</FONT></B>  </TD>
        <TD align=right>
<FONT face="serif">page 4</FONT>        </TD>
</TR>
</TABLE>
<BR>
<br>

<P align="left">
<FONT size=2 face="serif">This news announcement contains or may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by use of forward-looking terminology
such as &#147;may,&#148; &#147;expect,&#148; &#147;believe,&#148; &#147;estimate,&#148; &#147;anticipate&#148; or &#147;continue&#148; or the negative thereof or other variations thereon or comparable terminology. Readers are cautioned that there
are risks and uncertainties that could cause actual events or results to differ materially from those referred to in such forward-looking statements.  These risks and uncertainties include the risk factors set forth from time to time in the
Company&#146;s filings with the Securities and Exchange Commission and include among other things: the highly competitive nature of the consumer electronics retailing industry, changes in the national or regional economies, weather, the effects of
terrorism or acts of war on consumer spending patterns, the availability of certain products, technological changes, changes in real estate market conditions, the fluctuating amount of income received from the Company&#146;s synthetic fuel
investments and the impact of Internal Revenue Service audits. As it relates to ethanol investments, risks and uncertainties include among other things: the uncertainty of constructing plants on time and on budget, the impact of legislative changes,
the price volatility and availability of corn, sorghum, dried distiller grains, ethanol, gasoline and natural gas, and the plants operating efficiently and according to forecasts and projections.  The Company does not intend to update publicly any
forward-looking statements except as required by law.</FONT><FONT size=2 face="serif"> </FONT></P>
<P align="center">
<FONT face="serif">-tables follow-</FONT></P>
<br>


<HR noshade align="center" width="100%" size=4>

<p style="page-break-before:always"></p><PAGE>


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=75%></TD>
     <TD width=22%></TD></TR>
<TR valign="bottom">
        <TD align=left>
<B><FONT face="serif">REX Reports Fiscal 2009 First Quarter Results, 6/9/09</FONT></B>  </TD>
        <TD align=right>
<FONT face="serif">page 5</FONT>        </TD>
</TR>
</TABLE>
<BR>
<P align="center">
<B><FONT face="serif">REX STORES CORPORATION AND SUBSIDIARIES </FONT></B><BR>
<B><FONT face="serif">Consolidated Condensed Statements Of Income </FONT></B><BR>
<B><FONT face="serif">(In Thousands, Except Per Share Amounts) </FONT></B><BR>
<B><FONT face="serif">Unaudited</FONT> </B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD></TD>
     <TD width=2%></TD>
     <TD width=1%></TD>
     <TD width=8%></TD>
     <TD width=1%></TD>
     <TD width=5%></TD>
     <TD width=1%></TD>
     <TD width=8%></TD>
     <TD width=1%></TD></TR>
<TR valign="bottom">
        <TD align=left>&nbsp;   </TD>
        <TD>&nbsp;      </TD>
        <TD align=center colspan=7>
<B><FONT size=2 face="serif">Three Months Ended</FONT></B>      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>&nbsp;   </TD>
        <TD>&nbsp;      </TD>
        <TD colspan="7" align=center><B><FONT size=2 face="serif">April 30,</FONT></B></TD>
  </TR>
<TR valign="bottom">
        <TD align=left>&nbsp;   </TD>
        <TD>&nbsp;      </TD>
        <TD align=center colspan=3 style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">2009</FONT></B></TD>
        <TD width="5%">&nbsp;   </TD>
        <TD align=center colspan=3 style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">2008</FONT></B></TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left>
<FONT size=2 face="serif">Net sales and revenue</FONT>  </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">&#36;</FONT>  </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">29,734</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">&#36;</FONT>  </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">26,809</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">Cost of sales (excluding retail segment depreciation)</FONT>  </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">25,015</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">18,677</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left>
<FONT size=2 face="serif">Gross profit</FONT>   </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">4,719</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">8,132</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">Selling, general and administrative expenses</FONT>   </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=right>&nbsp;</TD>
        <TD width="8%" align=right><FONT size=2 face="serif">(5,749</FONT></TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=right>&nbsp;</TD>
        <TD width="8%" align=right><FONT size=2 face="serif">(9,240</FONT></TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">)</FONT>      </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left>
<FONT size=2 face="serif">Investment income</FONT>      </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">188</FONT>    </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">857</FONT>    </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">Interest expense</FONT>       </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">(878</FONT>   </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">(113</FONT>   </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">)</FONT>      </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left>
<FONT size=2 face="serif">Loss on early termination of debt</FONT>      </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">(73</FONT>    </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">-</FONT>      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">Losses on disposals of real estate, net</FONT>        </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">(201</FONT>   </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">-</FONT>      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left>
<FONT size=2 face="serif">Equity in (loss) income of unconsolidated ethanol affiliates</FONT>   </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">(260</FONT>   </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">1,048</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">Income from synthetic fuel investments</FONT> </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">-</FONT>      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">670</FONT>    </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left>
<FONT size=2 face="serif">(Losses) gains on derivative financial instruments, net</FONT>        </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(556</FONT>   </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">472</FONT>    </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">(Loss) income from continuing operations before income taxes and discontinued</FONT>  <FONT size=2 face="serif">operations</FONT></TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right><FONT size=2 face="serif">(2,810</FONT> </TD>
        <TD width="1%" align=left><FONT size=2 face="serif">)</FONT> </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right><FONT size=2 face="serif">1,826</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>

<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">Benefit (provision) for income taxes</FONT>   </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">&nbsp;     </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">859</FONT>    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">&nbsp;     </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(471</FONT>   </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">)</FONT>      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">(Loss) income from continuing operations including noncontrolling interest</FONT>     </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">(1,951</FONT> </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">1,355</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">Loss from discontinued operations, net of tax</FONT>  </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">&nbsp;     </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(402</FONT>   </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">&nbsp;     </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(46</FONT>    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">)</FONT>      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">Net (loss) income including noncontrolling interest</FONT>    </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=right>&nbsp;</TD>
        <TD width="8%" align=right><FONT size=2 face="serif">(2,353</FONT></TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">1,309</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">Net loss attributable to noncontrolling interest</FONT>       </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">&nbsp;     </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">622</FONT>    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">&nbsp;     </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">217</FONT>    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">Net (loss) income attributable to REX common shareholders</FONT>      </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left style="border-bottom:3px double #000000;"><FONT size=2 face="serif">&#36;</FONT></TD>
        <TD width="8%" align=right style="border-bottom:3px double #000000;"><FONT size=2 face="serif">(1,731</FONT></TD>
        <TD width="1%" align=left valign="baseline">
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=right style="border-bottom:3px double #000000;">&nbsp;</TD>
        <TD width="8%" align=right style="border-bottom:3px double #000000;"><FONT size=2 face="serif">&#36;1,526</FONT></TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR>
        <TD colspan=9>&nbsp;    </TD>
</TR>
<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">Weighted average shares outstanding - basic</FONT>    </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:3px double #000000;">&nbsp;    </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">9,298</FONT>  </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:3px double #000000;">&nbsp;    </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">10,729</FONT> </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR>
        <TD colspan=9>&nbsp;    </TD>
</TR>

<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">Basic (loss) income per share from continuing operations
attributable to REX</FONT> <FONT size=2 face="serif">common shareholders</FONT> </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">&#36;</FONT>  </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">(0.14</FONT>  </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">&#36;</FONT>  </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">0 .14</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>

<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">Basic loss per share from discontinued operations attributable
to REX common</FONT> <FONT size=2 face="serif">shareholders</FONT> </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">&nbsp;     </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(0.05</FONT>  </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">&nbsp;     </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">-</FONT>      </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">Basic net (loss) income per share attributable to REX common shareholders</FONT>      </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT></TD>
        <TD width="8%" align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">(0.19</FONT>  </TD>
        <TD width="1%" align=left valign="baseline">
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>  </TD>
        <TD width="8%" align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">0.14</FONT>   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR>
        <TD colspan=9>&nbsp;    </TD>
</TR>
<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">Weighted average shares outstanding &#150; diluted</FONT>     </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:3px double #000000;">&nbsp;    </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">9,298</FONT>  </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:3px double #000000;">&nbsp;    </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">11,620</FONT> </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR>
        <TD colspan=9>&nbsp;    </TD>
</TR>

<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">Diluted (loss) income per share from continuing operations
attributable to REX</FONT> <FONT size=2 face="serif">common shareholders</FONT> </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">&#36;</FONT>  </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">(0.14</FONT>  </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=right>&nbsp;</TD>
        <TD width="8%" align=right><FONT size=2 face="serif">&#36;0.13</FONT></TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>

<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">Diluted loss per share from discontinued operations
attributable to REX common</FONT> <FONT size=2 face="serif">shareholders</FONT> </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">&nbsp;     </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(0.05</FONT>  </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">&nbsp;     </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">-</FONT>      </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">Diluted net (loss) income per share attributable to REX common shareholders</FONT>    </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>  </TD>
        <TD width="8%" align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">(0.19</FONT>  </TD>
        <TD width="1%" align=left valign="baseline">
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>  </TD>
        <TD width="8%" align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">0.13</FONT>   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR>
        <TD colspan=9>&nbsp;    </TD>
</TR>
<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">Amounts attributable to REX common shareholders:</FONT>       </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">(Loss) income from continuing operations, net of tax</FONT>        </TD>
        <TD>&nbsp;      </TD>
        <TD align=left><FONT size=2 face="serif">&#36;</FONT></TD>
        <TD align=right><FONT size=2 face="serif">(1,329</FONT></TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left><FONT size=2 face="serif">&#36;</FONT> </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">1,572</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Loss from discontinued operations, net of tax</FONT>       </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">&nbsp;     </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(402</FONT>   </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">&nbsp;     </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(46</FONT>    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">)</FONT>      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Net (loss) income</FONT>   </TD>
        <TD>&nbsp;      </TD>
        <TD align=left style="border-bottom:3px double #000000;"><FONT size=2 face="serif">&#36;</FONT></TD>
        <TD align=right style="border-bottom:3px double #000000;"><FONT size=2 face="serif">(1,731</FONT></TD>
        <TD width="1%" align=left valign="baseline">
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:3px double #000000;"><FONT size=2 face="serif">&#36;</FONT> </TD>
        <TD width="8%" align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">1,526</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
</TABLE>
<BR>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
        <TD nowrap valign=top>
<SUP><FONT face="serif">*</FONT></SUP>&nbsp; &nbsp; &nbsp;      </TD>
        <TD width=100%>
<P align="left"><FONT face="serif">Amounts differ from those previously reported as a result of certain stores being reclassified into discontinued operations.</FONT></P>
        </TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>
<P align="center">
<FONT face="serif">- balance sheet follows -</FONT></P>

<HR noshade align="center" width="100%" size=4>



<p style="page-break-before:always"></p><PAGE>


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=75%></TD>
     <TD width=22%></TD></TR>
<TR valign="bottom">
        <TD align=left>
<B><FONT face="serif">REX Reports Fiscal 2009 First Quarter Results, 6/9/09</FONT></B>  </TD>
        <TD align=right>
<FONT face="serif">page 6</FONT>        </TD>
</TR>
</TABLE>
<BR>
<br>

<P align="center">
<B><FONT face="serif">REX STORES CORPORATION AND SUBSIDIARIES </FONT></B><BR>
<B><FONT face="serif">Consolidated Condensed Balance Sheets </FONT></B><BR>
<B><FONT face="serif">(in thousands) </FONT></B><BR>
<B><FONT face="serif">Unaudited </FONT></B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD></TD>
     <TD width=2%></TD>
     <TD width=1%></TD>
     <TD width=8%></TD>
     <TD width=1%></TD>
     <TD width=5%></TD>
    <TD width=1%></TD>
     <TD width=8%></TD>
     <TD width=1%></TD>
     <TD width=5%></TD>
    <TD width=1%></TD>
     <TD width=8%></TD>
     <TD width=1%></TD>
</TR>
<TR valign="bottom">
        <TD align=left>&nbsp;   </TD>
        <TD>&nbsp;      </TD>
        <TD colspan="3" align=center>
      <B><FONT size=2 face="serif">April 30,</FONT></B> </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD colspan="3" align=center>
      <B><FONT size=2 face="serif">January 31,</FONT></B>       </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD colspan="3" align=center>
      <B><FONT size=2 face="serif">April 30,</FONT></B> </TD>
  </TR>
<TR valign="bottom">
        <TD align=left>&nbsp;   </TD>
        <TD>&nbsp;      </TD>
        <TD colspan="3" align=center style="border-bottom:1px solid #000000;">
      <B><FONT size=2 face="serif">2009</FONT></B>      </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD colspan="3" align=center style="border-bottom:1px solid #000000;">
      <B><FONT size=2 face="serif">2009</FONT></B>      </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD colspan="3" align=center style="border-bottom:1px solid #000000;">
      <B><FONT size=2 face="serif">2008</FONT></B>      </TD>
  </TR>
<TR valign="bottom">
        <TD align=left>
<B><FONT size=2 face="serif">Assets</FONT></B>  </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=left>&nbsp;        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=left>&nbsp;        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=left>&nbsp;        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left>
<FONT size=2 face="serif">Current assets:</FONT>        </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=left>&nbsp;        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=left>&nbsp;        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=left>&nbsp;        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Cash and cash equivalents</FONT>        </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">&#36;</FONT>  </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">85,854</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left><FONT size=2 face="serif">&#36;</FONT>        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">91,991</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left><FONT size=2 face="serif">&#36;</FONT>        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">106,301</FONT>        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Restricted cash</FONT>  </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">1,021</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">-</FONT>      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">-</FONT>      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Accounts receivable, net</FONT> </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">2,333</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">4,197</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">3,025</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Inventory, net</FONT>   </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">6,477</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">24,374</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">56,800</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Refundable income taxes</FONT>  </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">8,761</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">7,790</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">1,400</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Prepaid expenses and other</FONT>       </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">666</FONT>    </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">1,063</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">804</FONT>    </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Deferred taxes, net</FONT>      </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">8,752</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">13,230</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">10,399</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Total current assets</FONT>        </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">113,864</FONT>        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">142,645</FONT>        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">178,729</FONT>        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">Property and equipment, net</FONT>    </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">249,819</FONT>        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">235,454</FONT>        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">168,359</FONT>        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left>
<FONT size=2 face="serif">Other assets</FONT>   </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">11,294</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">12,414</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">14,098</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">Goodwill</FONT>       </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">-</FONT>      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">-</FONT>      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">1,322</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left>
<FONT size=2 face="serif">Deferred taxes, net</FONT>    </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">23,862</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">18,697</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">21,929</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">Equity method investments</FONT>      </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">38,566</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">38,861</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">39,509</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left>
<FONT size=2 face="serif">Investments in debt instruments</FONT>        </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">891</FONT>    </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">933</FONT>    </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">-</FONT>      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">Restricted investments</FONT> </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">2,289</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">2,284</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">2,491</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Total assets</FONT>     </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>  </TD>
        <TD width="8%" align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">440,585</FONT>        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:3px double #000000;"><FONT size=2 face="serif">&#36;</FONT>      </TD>
        <TD width="8%" align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">451,288</FONT>        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:3px double #000000;"><FONT size=2 face="serif">&#36;</FONT>      </TD>
        <TD width="8%" align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">426,437</FONT>        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<B><FONT size=2 face="serif">Liabilities and shareholders' equity:</FONT></B>   </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=left>&nbsp;        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=left>&nbsp;        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=left>&nbsp;        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
        <TD align=left>
<FONT size=2 face="serif">Current liabilities:</FONT>   </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=left>&nbsp;        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=left>&nbsp;        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=left>&nbsp;        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Current portion of long-term debt and capital lease</FONT>      </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=left>&nbsp;        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=left>&nbsp;        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=left>&nbsp;        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;obligations, alternative
energy</FONT>   </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left><FONT size=2 face="serif">&#36;</FONT>        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">6,203</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left><FONT size=2 face="serif">&#36;</FONT>        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">5,898</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left><FONT size=2 face="serif">&#36;</FONT>        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">3,641</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
 &nbsp; &nbsp;<FONT size=2 face="serif">Current portion of long-term debt, other</FONT> </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">648</FONT>    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">1,576</FONT>  </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">1,711</FONT>  </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Accounts payable, trade</FONT>  </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">17,178</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">25,167</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">39,409</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
 &nbsp; &nbsp;<FONT size=2 face="serif">Deferred income</FONT>  </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">10,489</FONT> </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">11,952</FONT> </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">13,708</FONT> </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Accrued restructuring charges</FONT>    </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">4,786</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">4,171</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">-</FONT>      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
 &nbsp; &nbsp;<FONT size=2 face="serif">Deferred gain on sale and leaseback</FONT>      </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">599</FONT>    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">1,558</FONT>  </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">1,436</FONT>  </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Derivative financial instruments</FONT> </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">2,354</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">1,996</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">588</FONT>    </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
 &nbsp; &nbsp;<FONT size=2 face="serif">Other current liabilities</FONT>        </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">&nbsp;     </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">4,090</FONT>  </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">&nbsp;     </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">5,951</FONT>  </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">&nbsp;     </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">5,928</FONT>  </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Total current liabilities</FONT>   </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">46,347</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">58,269</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">66,421</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">Long-term liabilities:</FONT> </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>

<TR valign="bottom">
        <TD align=left>&nbsp; &nbsp;<FONT size=2 face="serif">Long-term debt and capital
    lease obligations,</FONT> <FONT size=2 face="serif">alternative energy</FONT>       </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">107,825</FONT>        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">94,003</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">32,562</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
 &nbsp; &nbsp;<FONT size=2 face="serif">Long-term debt, other</FONT>    </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">3,371</FONT>  </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">9,936</FONT>  </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">12,714</FONT> </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Deferred income</FONT>  </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">11,886</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">13,796</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">16,282</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
 &nbsp; &nbsp;<FONT size=2 face="serif">Deferred gain on sale and leaseback</FONT>      </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">1,760</FONT>  </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">3,467</FONT>  </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">4,132</FONT>  </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Derivative financial instruments</FONT> </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">3,883</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">4,032</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">1,541</FONT>  </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
 &nbsp; &nbsp;<FONT size=2 face="serif">Other</FONT>    </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">&nbsp;     </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">4,487</FONT>  </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">&nbsp;     </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">4,152</FONT>  </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">&nbsp;     </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">6,485</FONT>  </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Total long-term liabilities</FONT> </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">133,212</FONT>        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">129,386</FONT>        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">73,716</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
<FONT size=2 face="serif">Equity:</FONT>        </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">REX shareholders&#146; equity:</FONT>   </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=left>&nbsp;        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=left>&nbsp;        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=left>&nbsp;        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Common stock</FONT>  </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">299</FONT>    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">299</FONT>    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">298</FONT>    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Paid-in capital</FONT>       </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">142,678</FONT>        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">142,486</FONT>        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="8%" align=right>
<FONT size=2 face="serif">141,867</FONT>        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Retained earnings</FONT>     </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">280,601</FONT>        </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">282,332</FONT>        </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">287,155</FONT>        </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Treasury stock</FONT>        </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(186,503</FONT>       </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(186,057</FONT>       </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">)</FONT>      </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(170,532</FONT>       </TD>
        <TD width="1%" align=left>
<FONT size=2 face="serif">)</FONT>      </TD>
</TR>
<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Total REX shareholders' equity</FONT>    </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">237,075</FONT>        </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">239,060</FONT>        </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF">
<FONT size=2 face="serif">258,788</FONT>        </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Noncontrolling interests</FONT>      </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">23,951</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">24,573</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:1px solid #000000;">&nbsp;       </TD>
        <TD width="8%" align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">27,512</FONT> </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
<TR valign="bottom">
        <TD align=left bgcolor="#E5FFFF">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Total equity</FONT>      </TD>
        <TD bgcolor="#E5FFFF">&nbsp;    </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">&nbsp;     </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">261,026</FONT>        </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">&nbsp;     </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">263,633</FONT>        </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
        <TD width="5%" bgcolor="#E5FFFF">&nbsp; </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">&nbsp;     </TD>
        <TD width="8%" align=right bgcolor="#E5FFFF" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">286,300</FONT>        </TD>
        <TD width="1%" align=left bgcolor="#E5FFFF">&nbsp;      </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Total liabilities and equity</FONT>     </TD>
        <TD>&nbsp;      </TD>
        <TD width="1%" align=left style="border-bottom:3px double #000000;"><FONT size=2 face="serif">&#36;</FONT>      </TD>
        <TD width="8%" align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">440,585</FONT>        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:3px double #000000;"><FONT size=2 face="serif">&#36;</FONT>      </TD>
        <TD width="8%" align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">451,288</FONT>        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
        <TD width="5%">&nbsp;   </TD>
        <TD width="1%" align=left style="border-bottom:3px double #000000;"><FONT size=2 face="serif">&#36;</FONT>      </TD>
        <TD width="8%" align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">426,437</FONT>        </TD>
        <TD width="1%" align=left>&nbsp;        </TD>
</TR>
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
