Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of Gander Mountain Company

NEW YORK--(Business Wire)--
Attorney Advertising. Notice is hereby given that Stull, Stull & Brody has
commenced an investigation on behalf of shareholders of Gander Mountain Company
("Gander" or the "Company") (Nasdaq: GMTN) for possible breaches of fiduciary
duty and other violations of state law in connection with a 1-for-30,000 reverse
stock split in a going-private transaction approved by the Company`s Board of
Directors in which the Company`s two largest shareholders will pay $5.15 per
share to shareholders who own fewer than 30,000 shares and shareholders of
30,000 shares or more will retain their shares.

If you own common stock of Gander and wish to obtain additional information
about this matter, please contact Stull, Stull & Brody at the toll-free number
listed below. Stull, Stull & Brody has litigated many class actions for
violations of securities laws and breaches of fiduciary duties on behalf of
defrauded investors over the past 40 years and has obtained court approval of
substantial settlements on numerous occasions.

The investigation concerns the price to be paid to Gander shareholders and the
process by which Gander`s Board of Directors is addressing the transaction.
Gander`s shares traded at $6.49 per share as recently as June 29, 2009 and the
Company has a book value of $6.37 per share.

If you wish to discuss this matter or have any questions concerning this notice
or your rights or interests with respect to this matter, please contact Aaron
Brody, Esq. at Stull, Stull & Brody by calling 1-800-337-4983 or 1-212-687-7230,
or by email to ssbny@aol.com or by writing to Stull, Stull & Brody, 6 East 45th
Street, New York, NY 10017.

Attorney advertising. Prior results do not guarantee a similar outcome.

Stull, Stull & Brody
Aaron Brody, Esq.
1-800-337-4983 or 212-687-7230
ssbny@aol.com

Copyright Business Wire 2009