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Technology Stocks : Electronics Boutique (ELBO) -- Ignore unavailable to you. Want to Upgrade?

To: ratherbelong who wrote (393)	7/7/1999 9:48:00 PM
From: Night Writer	Read Replies (1) \| Respond to of 779

ratherbelong, I didn't know they had an IPO, and missed the bargain basement. I jumped in after doing DD at $15 1/2 on the day ELBO spiked to $30 and didn't sell. Too bad. I could have sold and doubled my position with the profits. Since then I do some trading along with investing. Anyway, here is some more good news. NW Electronics Boutique First to Secure Promotional Partnership With Hollywood Video for Sega Dreamcast Launch WEST CHESTER, Pa., July 7 /PRNewswire/ -- Electronics Boutique (Nasdaq: ELBO) has signed an agreement with fast-growing Hollywood Entertainment Corporation (Nasdaq: HLYW) to promote the launch of Sega Dreamcast, the much-anticipated, revolutionary, 128-bit, 64-channel video game system. In cooperation with Sega of America, Inc., Hollywood Video is offering rentals of the Dreamcast System almost two months before its official United States launch. Under the agreement, starting July 15th, customers who rent a Sega Dreamcast video game system from Hollywood Video will receive a $10 off coupon good at any Electronics Boutique location. This coupon is valid towards the purchase of any Sega Dreamcast product available beginning on the official launch date of September 9, 1999. Anyone who redeems the $10 coupon at Electronics Boutique for the Dreamcast purchase will receive a rent one/get one rental free coupon for use at Hollywood Video. Hollywood Video will offer rentals of Sega Dreamcast, the superconsole with a built-in 56K modem, which delivers the most realistic and advanced game play ever for a home system. "We firmly feel that consumers prefer to try a new platform before making their purchase decision. This agreement with Electronics Boutique allows customers that opportunity, and adds value to their experience at Hollywood Video," said Glenn Halseth, Senior Director of Games at Hollywood Entertainment Corporation. Hollywood Video will rent the Sega Dreamcast units initially with one of Sega's premier titles "Sonic Adventure." "We are excited to be involved with the most anticipated and unique video game product launch to date," said Jeffrey W. Griffiths, Senior Vice President of Merchandising and Distribution. "Presales for the Sega Dreamcast system continue to exceed the pace of any previous hardware debut. This exclusive partnership with Hollywood Video is expected to accelerate the anticipated record breaking sales pace." Electronics Boutique is the leading specialty retailer of video and computer games and also sells video game hardware, PC productivity software and accessories. The company currently operates 554 stores in 45 states, Puerto Rico, Canada, Australia and South Korea, primarily under the names Electronics Boutique and Stop N Save Software. The company has also established a separate e-commerce division, EBWorld.com, Inc. to accelerate the growth of its Internet business. During fiscal 1999, there were more than 10 million visits to the company's website at ebworld.com. SOURCE Electronics Boutique CO: Electronics Boutique; Hollywood Entertainment Corporation; Hollywood Video Corporation; Sega of America, Inc. ST: Pennsylvania, Oregon IN: CPR MLM SU: JVN 07/07/99 15:59 EDT prnewswire.com