Glancy Binkow & Goldberg LLP Announces Investigation of A.C. Moore Arts & Crafts, Inc.

Glancy Binkow & Goldberg LLP announces that it is investigating potential claims against the Board of Directors of A.C. Moore Arts & Crafts, Inc. (“A.C. Moore” or the “Company”) ACMR concerning the proposed acquisition of the Company by Sbar's, Inc. The proposed transaction is valued at approximately $40.8 million or $1.60 per share.

The investigation relates to whether the Board of Directors of A.C. Moore breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. The Company has seen substantial recent growth. Its share price nearly doubled from $1.83 on December 6, 2010, to $3.40 on March 21 2011, and at least one analyst has set a target price for the Company's stock at $3.00.

If you are a shareholder of A.C. Moore, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Louis Boyarsky, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.