EX-99.1 8 l94568aexv99w1.txt EXHIBIT 99.1 EXHIBIT 99.1 DAIRY MART CONVENIENCE STORES, INC. 300 EXECUTIVE PARKWAY WEST HUDSON, OHIO 44236 MAY 24, 2002 Securities and Exchange Commission 450 Fifth Street, N.W. Judiciary Plaza Washington, DC 20549 RE: CONFIRMATION OF ARTHUR ANDERSEN REPRESENTATIONS Ladies and Gentlemen: This letter confirms that Dairy Mart Convenience Stores, Inc. has received from Arthur Andersen LLP, the independent public accountant engaged by the company to examine the company's financial statements that are included in the Form 10-K to which this letter is filed as an exhibit, a representation letter addressed to the company and stating that: - The audit of our consolidated financial statements as of February 2, 2002, conducted by Arthur Andersen was subject to Arthur Andersen's quality control system for the U.S. accounting and auditing practice to provide reasonable assurance that the engagement was conducted in compliance with professional standards; and - There was appropriate continuity of Arthur Andersen personnel working on the audits and availability of national office consultation. The availability of personnel at foreign affiliates of Arthur Andersen was not relevant to our audit, and, thus, we received no assurance from Arthur Andersen regarding such availability. Sincerely, /s/ GREGG R. BUDOI Gregg R. Budoi Chief Financial Officer Dairy Mart Convenience Stores, Inc.