April 01, 1999 09:14
Hastings to Launch New www.gohastings.com E-Commerce Internet
Web Site; Over 10 Million New/Used Entertainment Products to be
Offered at Low Prices
AMARILLO, Texas, April 1 /PRNewswire/ -- Hastings Entertainment, Inc. (Nasdaq: HAST), a leading multimedia entertainment superstore retailer, today announced plans to launch www.gohastings.com, its new e-commerce Internet Web site. Hastings' new site will enable customers to electronically access more than 10 million new and used entertainment products and unique, contemporary gifts and toys. The new site will feature exceptional product and pricing offers, including best selling books at up to 50% off list price. www.gohastings.com will be launched within the next 45 days and will be supported by a national advertising campaign and a limited-time, free-freight offer.
"Since our first entertainment superstore opened in 1991, Hastings has offered its customers the widest possible selection of entertainment products at the most competitive prices in the industry," said John H. Marmaduke, president and chief executive officer. "We expect to achieve the same results with our www.gohastings.com web site by extending our multimedia entertainment retailing style to the electronic global marketplace. We want our new Web site to be a fun and informative gathering place for our e-customers to shop, just as our entertainment superstores are in the various communities they serve.
"Through strategic alliances with numerous trading partners like Valley Media, Inc. (Nasdaq: VMIX), the site will provide one of the broadest assortments of entertainment products currently offered on the Web," added Marmaduke. "In addition, we plan to offer on-line downloading of music titles. Our new site is designed to deliver fun to our e-customers with products ranging from books to yoyos and will feature unique product and pricing offers not available on any other site."
In addition to 130 entertainment superstores in 18 states, Hastings currently operates one of the largest fully integrated multimedia entertainment e-commerce Internet Web sites, www.hastingsentertainment.com. The site, which will become a part of www.gohastings.com, currently offers a broad selection of books, music, software, videotapes and video games to the electronic global marketplace at competitive Internet prices. General financial information about Hastings is also available to investors and customers via the Internet at this site.
Certain statements set forth above are forward-looking statements within the meaning of the Securities Exchange Act of 1934. Such statements are based upon management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. The forward-looking statements set forth above are subject to the factors and uncertainties set forth under the heading "Risk Factors" in the Company's Registration Statement on Form S-1 as filed with the SEC and declared effective on June 11, 1998.
SOURCE Hastings Entertainment, Inc.
/CONTACT: Dennis McGill, Vice President-Finance and Chief Financial
Officer of Hastings Entertainment, Inc., 806-351-2300, ext. 6000/
/Web site: hastingsentertainment.com
/Web site: gohastings.com
(HAST VMIX) |
