Electronics Boutique Signs Definitive Agreement to Acquire Spanish Retailer Jump Ordenadores S.L.U.

Electronics Boutique Signs Definitive Agreement to Acquire
Spanish Retailer Jump Ordenadores S.L.U.
~ Provides Entry into the Spanish Marketplace ~ ~ Continues Aggressive European
Expansion ~ 


WEST CHESTER, Pa., May 23  /PRNewswire-FirstCall/ -- Electronics Boutique
Holdings Corp. (NASDAQ:ELBO), the leading global specialty retailer of video
games and related products, today announced it has signed a definitive
agreement to acquire privately held Jump Ordenadores S.L.U. ("Jump").  The
acquisition of Jump provides Electronics Boutique entry into the Spanish
marketplace and continues Electronics Boutique's aggressive international
expansion.  Terms of the transaction have not been disclosed.  The deal is
currently expected to close during the second quarter of fiscal 2006.

Based in Valencia, Spain, Jump operates 141 stores located primarily in central
business districts throughout several Spanish provinces.  The stores currently
sell PCs and related products, software, digital cameras, and other electronic
products.  Electronics Boutique plans to begin introducing video game hardware
and software into the stores over the next several months.

Jeffrey Griffiths, President and Chief Executive Officer, stated, "Extending
our proven business model into international markets has long been one of our
key strategic initiatives.  As such, we are very pleased that we will have an
established foothold in Spain, the fourth largest video game market in Europe. 
The management team at Jump consists of strong retailers with many years of
experience in the Spanish market, making them ideal partners for this next
phase of our international growth."

As previously announced on April 18, 2005, Electronics Boutique and GameStop
Corp. ("GameStop") entered into a definitive agreement and plan of merger that
will create a leading video game retailer with over 4,000 stores worldwide. 
This transaction is subject to certain regulatory and shareholder approvals and
is currently expected to close in the third quarter of fiscal 2006.

About Electronics Boutique Holdings Corp.

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 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 statements by
Jeffrey Griffiths and those related to the proposed acquisition of Jump and
proposed merger with GameStop.  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 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., [phone]; or Financial Dynamics: Investors: Cara

O'Brien or Melissa Myron, or Media: Melissa Merrill, [phone]



Web site:  http://www.ebgames.com/

http://www.ebholdings.com/ 

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