SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?


To: Brian MacDonald who wrote (11560)9/14/1999 2:41:00 AM
From: Todd D. Wiener  Read Replies (1) | Respond to of 14266
 
Brian- "This will be the death knell for the Dreamcast."

Maybe, maybe not. But the next year or two should be very interesting nonetheless: techtrends.net

Todd



To: Brian MacDonald who wrote (11560)9/14/1999 6:34:00 PM
From: Emmo  Read Replies (1) | Respond to of 14266
 
"death of Dreamcast" Don't tell the folks buying them.

Tuesday September 14, 7:33 am Eastern Time

Company Press Release

SOURCE: Electronics Boutique Holdings Corp.

Electronics Boutique Announces Record Single Day
Sales in Conjunction With Sega Dreamcast Release

-- Number One Retailer for Sega Dreamcast on Day of Release -- Sales More Than Double Any
Previous Console System Launch -- Dreamcast Expected To Perform Solidly Through Holidays

WEST CHESTER, Pa., Sept. 14 /PRNewswire/ -- Electronics Boutique Holdings Corp. (Nasdaq: ELBO - news), one of the
world's largest specialty retailers of electronic games, today announced that the launch of Sega's Dreamcast on September 9,
1999, resulted in the Company's largest single day of sales in its 22 year history, as well as the largest single day of sales on its
EBWorld.com website. The launch of the Sega Dreamcast system exceeded the Company's expectations, resulting in
initial-shipment sales more than double any previous console system. As a result of the overwhelming consumer demand,
Electronics Boutique had completely pre-sold its initial allocation of the system several weeks prior to the release.

Joseph J. Firestone, President and Chief Executive Officer, commented, ``Traditionally, our strongest day of the year coincides
with the Christmas holiday. To have sales of this magnitude in September is truly an event. Many of our stores opened at
midnight on the 9th and experienced heavy traffic flow. Our Sunset Galleria store in Las Vegas pre-sold more than 700 units,
making it our top performing store on the initial release day.'

``We are also very pleased by our ability to sell numerous games and accessories with each purchase. On average, we sold
more than two pieces of software and two accessories with each piece of hardware,' continued Mr. Firestone.

``In addition to the single day totals, we are very encouraged by sales through the weekend. Based on our observations of
demand and feedback from consumers, we believe the Dreamcast system will continue to perform solidly through the holiday
season. It has been nearly three years since the gaming world has experienced this level of technology innovation and
consumers are clamoring for the new excitement,' concluded Mr. Firestone.

Currently, there are 18 games available for the Dreamcast system, with approximately 20 to 25 more scheduled for release
before the holidays. The top three sellers during the past weekend included Sega Sport's NFL 2000 (a thrilling realistic football
simulation), Sega's Sonic Adventure (a 360-degree 3-D adventure with the world's fastest hedgehog), and Namco-Hometek's
Soul Calibur (a top arcade game now available on Dreamcast).

Electronics Boutique is one of the leading specialty retailers of video and computer games and also sells video game hardware,
PC productivity software and accessories. The company currently operates 567 stores in 46 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. The
Company's website can be found at ebworld.com .

This press release contains ``forward-looking statements.' Electronics Boutique (``EB') is including this statement for the
express purpose of availing itself of the protections of the safe harbor provided by the Private Securities Litigation Reform Act
of 1995 with respect to all such forward-looking statements. These forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially. These risks include, but are not limited to, EB's dependence on
the continued introduction of new and enhanced video games and PC hardware and software; the cyclical nature of the video
game market; the rapid technological changes which occur in the video game and PC industry; EB's ability to open and operate
new stores on a profitable basis; the intensely competitive nature of the electronic game industry and its rapid changes in
consumer preferences and frequent new product introductions; the seasonal nature of the retail industry; EB's dependence on
its suppliers for products; risks inherent to conducting international operations; and consumer spending patterns and prevailing
economic conditions. Please refer to Electronics Boutique's Annual Report on Form 10-K on file with the SEC for a more
detailed discussion of these and other risks that could cause results to differ materially.

SOURCE: Electronics Boutique Holdings Corp.