"Prime Retail was fortunate to have Bob Kanner as a director andis appreciative of his efforts as a member of the Board during histenure," company chairman and CEO Glenn D. Reschke says in aprepared statement. Kanner, who is president of Cleveland, OH-basedcomputer printer supplies manufacturer Pubco Corporation, informedPrime Retail officials that his departure is in no way associatedwith the company or its management. As of August 2001, Kanner ownednearly 4.4% of Prime Retail's Series A preferred stock.

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