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EXHIBIT 99.2
NOTICE OF GUARANTEED DELIVERY
FOR
9 1/4% SENIOR NOTES DUE 2009
OF
MICHAELS STORES, INC.
As set forth in the Prospectus dated July , 2001 (the "Prospectus"), of
Michaels Stores, Inc. and in the letter of transmittal, this form or one
substantially similar must be used to accept Michaels' offer to exchange all of
its outstanding 9 1/4% Senior Notes due 2009 (the "Outstanding Notes") for its
9 1/4% Senior Notes due 2009, which have been registered under the Securities
Act of 1933, if certificates for the Outstanding Notes are not immediately
available or if the Outstanding Notes, the letter of transmittal or any other
required documents cannot be delivered to the exchange agent, or the procedure
for book-entry transfer cannot be completed, prior to 5:00 p.m., New York City
time, on the Expiration Date (as defined in the Prospectus). This form may be
delivered by an Eligible Institution by hand or transmitted by facsimile
transmission, overnight courier or mail to the exchange agent as indicated
below.
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THE EXCHANGE OFFER WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON
, 2001, UNLESS THE OFFER IS EXTENDED (THE "EXPIRATION DATE").
TENDERS OF OUTSTANDING NOTES MAY BE WITHDRAWN AT ANY TIME PRIOR TO 5:00
P.M. ON THE EXPIRATION DATE.
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Deliver to:
THE BANK OF NEW YORK,
EXCHANGE AGENT
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BY REGISTERED OR CERTIFIED MAIL: BY HAND OR OVERNIGHT DELIVERY: FACSIMILE TRANSMISSION NUMBER:
The Bank of New York The Bank of New York (For Eligible Institutions Only)
101 Barclay Street, 7E 101 Barclay Street (212) 815-6339
New York, NY 10286 Corporate Trust Services Window
Attention: Diane Amorroso Ground Level
Reorganization Section Attention Diane Amorroso
Reorganization Section
CONFIRM RECEIPT OF FACSIMILE
BY TELEPHONE
(212) 815-3738
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DELIVERY OF THIS NOTICE TO AN ADDRESS, OR TRANSMISSION OF INSTRUCTIONS VIA A
FACSIMILE, OTHER THAN AS SET FORTH ABOVE, DOES NOT CONSTITUTE A VALID DELIVERY.
This form is not to be used to guarantee signatures. If a signature on the
letter of transmittal to be used to tender Outstanding Notes is required to be
guaranteed by an "Eligible Institution" under the instructions thereto, such
signature guarantee must appear in the applicable space provided in the letter
of transmittal.
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Ladies and Gentlemen:
The undersigned hereby tenders to Michaels Stores, Inc., upon the terms and
subject to the conditions set forth in the Prospectus and the letter of
transmittal (which together constitute the "Exchange Offer"), receipt of which
is hereby acknowledged, Outstanding Notes pursuant to guaranteed delivery
procedures set forth in Instruction 1 of the letter of transmittal.
The undersigned understands that tenders of Outstanding Notes will be
accepted only in principal amounts equal to $1,000 or integral multiples
thereof. The undersigned understands that tenders of Outstanding Notes pursuant
to the Exchange Offer may be withdrawn only in accordance with the procedures
set forth in "The Exchange Offer--Withdrawal of Tenders" section of the
Prospectus.
All authority herein conferred or agreed to be conferred by this Notice of
Guaranteed Delivery shall survive the death, incapacity or dissolution of the
undersigned and every obligation of the undersigned under this Notice of
Guaranteed Delivery shall be binding upon the heirs, personal representatives,
executors, administrators, successors, assigns, trustees in bankruptcy and other
legal representatives of the undersigned.
NOTE: SIGNATURES MUST BE PROVIDED WHERE INDICATED BELOW.
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Certificate No(s). for Outstanding Notes Principal Amount of Outstanding Notes
(if available)
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Principal Amount of Outstanding Notes Signature(s)
Tendered
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Dated: If Outstanding Notes will be delivered by
book-entry transfer at the Depository Trust
Company, Depository Account No.:
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This Notice of Guaranteed Delivery must be signed by the registered
holder(s) of Outstanding Notes exactly as its (their) name(s) appear on
certificates of Outstanding Notes or on a security position listing as the owner
of Outstanding Notes, or by person(s) authorized to become registered holder(s)
by endorsements and documents transmitted with this Notice of Guaranteed
Delivery. If signature is by a trustee, executor, administrator, guardian,
attorney-in-fact, officer or other person acting in a fiduciary or
representative capacity, such person must provide the following information:
PLEASE PRINT NAME(S) AND ADDRESS(ES)
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Name(s):
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Capacity:
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Address(es):
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Area Code and Telephone No.:
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GUARANTEE
(NOT TO BE USED FOR SIGNATURE GUARANTEE)
The undersigned, a member firm of a registered national securities exchange
or of the National Association of Securities Dealers, Inc., or a commercial bank
or trust company having an office or correspondent in the United States or an
"eligible guarantor institution" within the meaning of Rule 17Ad-15 under the
Securities Exchange Act of 1934 (the "Exchange Act"), hereby
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(a) represents that the above named person(s) "own(s)" the Outstanding Notes to
be tendered within the meaning of Rule 14e-4 under the Exchange Act,
(b) represents that such tender of Outstanding Notes complies with Rule 14e-4
under the Exchange Act and
(c) guarantees that delivery to the exchange agent of certificates for the
Outstanding Notes to be tendered, proper form for transfer (or confirmation
of the book-entry transfer of such Outstanding Notes into the exchange
agent's account at the Depository Trust Company, pursuant to the procedures
for book-entry transfer set forth in the prospectus), with delivery of a
properly completed and duly executed (or manually signed facsimile) letter
of transmittal with any required signatures and any other required
documents, will be received by the exchange agent at one of its addresses
set forth above within three trading days after the Expiration Date.
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I HEREBY ACKNOWLEDGE THAT I MUST DELIVER THE LETTER OF TRANSMITTAL AND
OUTSTANDING NOTES TO BE TENDERED TO THE EXCHANGE AGENT WITHIN THE TIME PERIOD
SET FORTH AND THAT FAILURE TO DO SO COULD RESULT IN FINANCIAL LOSS TO ME.
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Name of Firm Authorized Signature
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Address Title
Name:
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Zip Code (Please Type or Print)
Area Code and Telephone No.: Dated:
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NOTE: DO NOT SEND OUTSTANDING NOTES WITH THIS FORM; OUTSTANDING NOTES SHOULD BE
SENT WITH YOUR LETTER OF TRANSMITTAL SO THAT THEY ARE RECEIVED BY THE
EXCHANGE AGENT WITHIN THREE NASDAQ NATIONAL MARKET TRADING DAYS AFTER THE
EXPIRATION DATE.