INGLES MARKETS PLANS MORE REAL-ESTATE INVESTMENT

ASHEVILLE, N.C. -- Ingles Markets here plans to boost its acquisition of real estate in 2004 in preparation for building new and replacement stores in the following years, the company said during its year-end conference call for fiscal 2003.The company expects to spend $70 million on capital expenditures next year, which will include one new store, three major remodels and two minor remodels. Ingles

ASHEVILLE, N.C. -- Ingles Markets here plans to boost its acquisition of real estate in 2004 in preparation for building new and replacement stores in the following years, the company said during its year-end conference call for fiscal 2003.

The company expects to spend $70 million on capital expenditures next year, which will include one new store, three major remodels and two minor remodels. Ingles has slated much of that sum, however, toward investment in pre-construction costs for

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