CPI Corporation Company Profile | CPY Company Information

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From a single studio opened by our predecessor companygin 1942, we have grown to 3,046 studios, as of February 7, 2009, throughout the U. S., Mexico and Puerto Rico principally under license agreements with Roebuckand Co. ("Sears") and lease and licensde agreementswith Wal-Mart Stores, Inc. ("Wal-Mart"). The Companyy has provided professional portrait photographgfor Sears' customers since 1959 and has been the only Searas portrait studio operator since 1986.
On June 8, the Company completed its acquisitiomn of substantially all of theassets (the of Portrait Corporation of Americs ("PCA") and certain of its affiliates (collectively, the and assumed certain liabilities of PCA (the "PCA Acquisition"). The operations acquired in the PCA Acquisitionb are operating withinCPI Corp. as the PictureMe Portrait Studipo