Zeeman Manufacturing Company, Inc. - Page 10

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          During 1965, a 14,000-square foot building was erected in                   
          Chamblee, Georgia, which eventually housed the company's                    
          headquarters, the central warehouse, and a new retail store.                
               During 1969, a new store was opened in New Orleans,                    
          Louisiana.  During 1970, stores were opened in Memphis and                  
          Nashville, Tennessee.  During 1973, stores were opened in Denver,           
          Colorado, St. Louis, Missouri, and San Antonio, Houston, and                
          Dallas, Texas.                                                              
               During 1974, the wholesale business was discontinued, and              
          the emphasis was shifted to retail store expansion with the                 
          opening of additional stores through the mid-1980's in New                  
          Mexico, Texas, North Carolina, Louisiana, Oklahoma, and Georgia.            
          Currently, petitioner has stores in 31 locations throughout the             
          United States.                                                              
               During 1986 and 1987, plans were made to move the                      
          Gainesville manufacturing plant offshore.  During 1987, a site              
          was chosen in Alajuela, Costa Rica.  Assembly work in the                   
          Gainesville facility was discontinued during 1987, with only                
          cutting and raw material inventory being kept there.  Production            
          of suits, sport coats, and slacks began in Costa Rica during                
          1988, and it steadily increased to the current level of over                
          10,000 suits per month.                                                     
               Over its years of operation, petitioner has shown impressive           
          growth and success, which petitioner's management attributes to             
          conservative financial policies, forbearance from debt so that              




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