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Ingles Markets Names New CFO

ASHEVILLE, N.C. -- Ronald B. Freeman has joined Ingles Markets, Inc. as its new chief financial officer, replacing Brenda Tudor who resigned effective March 18. Freeman, a certified public accountant who most recently served as c.f.o. of Silver-Line Plastics Corp., will join Ingles effective April 18, 2005.

"We are pleased that Ronald has accepted our offer to join Ingles. We believe he brings a depth of financial and management experience to our company," said Robert P. Ingle, c.e.o.

Last week, the company said it had received notice that it was in compliance with the continued listing requirements of NASDAQ, and that its ticker symbol was restored to "IMKTA."

Ingles operate 195 supermarkets in six Southeastern states. In conjunction with its supermarket operations, the company also operates 74 neighborhood shopping centers, all but 17 of which contain an Ingles supermarket.
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