Electronics Boutique (NASDAQ:ELBO)
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Electronics Boutique Opens 2000th Store
Highlights Commitment to International Expansion
WEST CHESTER, Pa., Feb. 22 /PRNewswire-FirstCall/ -- Electronics Boutique
Holdings Corp. (NASDAQ:ELBO) today announced the opening of its 2000th store in
Trieste, Italy. The store began operations on February 21, 2005, marking the
Company's 57th store in Italy and its 527th international location.
"We are very excited to announce the opening of our 2000th store -- a
significant milestone in the history of our Company," commented Jeffrey
Griffiths, President and Chief Executive Officer. "It is fitting that our
2000th location is situated in Europe, reflecting our continued commitment to
expanding our international presence and building upon our strong brand equity.
The fact that we have been able to grow from a single kiosk in 1977 to 2,000
stores today confirms the strength of our business model. Given the highly
fragmented nature of the international video game arena, we believe many
opportunities exist to expand into both new and existing markets. Finally, this
important step in our store growth further advances our goal of being the
destination of choice for all gamers worldwide."
Electronics Boutique, a Fortune 1000 company, is the leading global specialty
retailer dedicated exclusively to video game hardware and software, PC
entertainment software, accessories and related products. As of February 21,
2005, the company operated 2,000 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 statements by
Jeffrey Griffiths related to expansion opportunities in international markets.
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
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 product, increased competition
and promotional activity from other retailers, and the availability of
locations for, and timing of the opening of, new stores. 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 Charlie Armitstead/Melissa Merrill,
Financial Dynamics, +1-212-850-5600, for Electronics Boutique Holdings Corp.
Web site: http://www.ebgames.com/
http://www.ebholdings.com/