Seagull Book Issues Statement about Its Relationship with Deseret Book

AMERICAN FORK, Utah--(BUSINESS WIRE)--July 19, 2006--Seagull Book today issued the following statement about its relationship with Deseret Book:

"Seagull Book and Deseret Book have begun discussions to explore options for addressing the differences that have existed between our two companies," said Jon Kofford, executive vice president of Seagull Book. "In the meantime, Deseret Book has extended Seagull Book's ability to purchase Deseret Book products through the end of August 2006."

“Seagull Book and Deseret Book have begun discussions to explore options for addressing the differences that have existed between our two companies”

No additional details about the relationship between Seagull Book and Deseret Book will be forthcoming at this time.

About Seagull Book

Seagull Book & Tape Inc. (www.seagullbook.com) was founded in 1987 by V. Lewis Kofford as a new distribution source for books and media targeting members of the Church of Jesus Christ of Latter-day Saints (LDS), as well as for products from Covenant Communications Inc. -- a sister company owned by Kofford. The first Seagull Book store was located at 1720 S. Redwood Rd., a store that is still in operation, and is the largest retail outlet for Seagull Book, with approximately 6,000 square feet of retail space. Seagull Book provides great service and discounted prices to consumers of LDS books and media.

About Deseret Book

Deseret Book Co., founded in 1866, is a leader in the publishing, distribution and retailing of religious books, music and other products serving members of The Church of Jesus Christ of Latter-day Saints. Deseret Book is committed to providing quality products that build faith, strengthen personal values, and offer practical advice to religious and non-religious alike. It now operates 43 full-line bookstores in the western half of the United States, plus its Mormon Handicraft retail store. For more information about Deseret Book Co., visit deseretbook.com.