Electronics Boutique (NASDAQ:ELBO)
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Electronics Boutique Completes Acquisition of Jump Ordenadores
S.L.U.
WEST CHESTER, Pa., May 31 /PRNewswire-FirstCall/ -- Electronics Boutique
Holdings Corp. (NASDAQ:ELBO), a leading global specialty retailer of video
games and related products, today announced it has completed the acquisition of
privately held Jump Ordenadores S.L.U. ("Jump").
On May 23, 2005, Electronics Boutique announced a definitive agreement to
acquire Jump, a retailer based in Valencia, Spain that sells PCs and other
consumer electronics. Electronics Boutique plans to begin introducing video
game hardware and software into Jump's 141 stores over the next several months.
The acquisition provides Electronics Boutique entry into the Spanish
marketplace and continues Electronics Boutique's aggressive international
expansion.
About Electronics Boutique Holdings Corp.
Electronics Boutique, a Fortune 1000 company, is a leading global specialty
retailer dedicated exclusively to video game hardware and software, PC
entertainment software, accessories and related products. As of April 30, 2005,
the company operated 2,071 stores in the United States, Australia, Canada,
Denmark, Germany, Italy, New Zealand, Norway, Puerto Rico and Sweden --
primarily under the names EB Games and Electronics Boutique. The company
operates an e-commerce website at http://www.ebgames.com/. Additional company
information is available at http://www.ebholdings.com/.
This release contains forward-looking statements, including those related to
the proposed acquisition of Jump. Forward-looking statements refer to
expectations, projections and other characterizations of future events or
circumstances and are often identified by the use of words such as "may,"
"will," "expect," "believe," "anticipate," "intend," "could," "estimated,"
"continue" or comparable terminology. In addition to factors specified in
Electronics Boutique's recent filings with the Securities and Exchange
Commission, there are other factors that could cause actual results to
materially differ from those expressed or implied in these forward-looking
statements, such as the schedule and sell-through for new hardware and software
releases, consumer demand for video game hardware and software, the timing of
the introduction of new generation hardware systems, pricing changes by key
vendors for hardware and software and the timing of any such changes, the
adequacy of supplies of new and pre-played products, currency fluctuations,
increased competition and promotional activity from other retailers, the
availability of locations for, and timing of the opening of, new domestic and
international stores, the fulfillment of the conditions necessary to complete
the acquisition of Jump and the previously announced merger with GameStop, and
the ability to successfully integrate Jump's business with Electronics
Boutique's existing operations. In light of the risks and uncertainties
inherent in the forward-looking statements, these statements should not be
regarded as a representation by Electronics Boutique or any other person that
the projected results, objectives or plans will be achieved. Electronics
Boutique undertakes no obligation to revise or update the forward-looking
statements to reflect events or circumstances after the date hereof.
DATASOURCE: Electronics Boutique Holdings Corp.
CONTACT: James A. Smith, Chief Financial Officer, Electronics Boutique
Holdings Corp., +1-610-430-8100; or Financial Dynamics: Investors: Cara
O'Brien or Melissa Myron, or Media: Melissa Merrill, +1-212-850-5600
Web site: http://www.ebgames.com/
http://www.ebholdings.com/