To All,
1. The Windows 98 has led to better-than-anticipated sales.
2. CPU launches Apple iMac system sales (I believe CPU already ordered 100,000 iMac systems).
3. A new software products sell in CPU stores.
4. A range of new Pentium II notebooks are expected to hit the stores in the next few months.
Here are good news for CPU.
CompUSA Announces Exclusive Pre-Booking Promotion for Launch of Apple iMac; Offers "Apple Coupon Book" With Savings Up to $800
PR Newswire - July 22, 1998 12:18
DALLAS, July 22 /PRNewswire/ -- CompUSA Inc. (NYSE: CPU), America's Largest Computer Superstore(R) retailer, today announced plans to begin promoting the new Apple(R) iMac(TM) personal computer on Sunday, July 26, with an exclusive "Apple Coupon Book" offer with total savings valued at up to $800. From July 26 through August 14, CompUSA customers who reserve an iMac PC with a minimum deposit of $250 at any CompUSA retail location nationwide will receive a book of coupons redeemable for instant and mail-in rebates on the purchase of
Apple-related software and accessories.
"The iMac marks a new beginning for Apple," said Larry Mondry, CompUSA
executive vice president of merchandising. "It combines the best in form and function with its sleek, stylized design and ease-of-use. We believe the iMac has the potential to become one of CompUSA's best selling desktop computers of all time." Customers who reserve and purchase their iMac via mail order are also eligible to receive the Apple Coupon Book at the time of product delivery.
Phone orders can be placed at 1-800-COMPUSA, and for added convenience, orders can be placed on CompUSA's web site at www.compusa.com. Product reservation deposit of $250 is good toward the retail purchase of the Apple iMac, which will be available on Saturday, August 15, 1998. (Restrictions and conditions may apply. Customers should see store for details and certificates for official rules.) "We believe the iMac will convince a wide range of PC users to take a serious look at the Apple brand," added Mondry. "To meet anticipated demand for the iMac, CompUSA is allowing our customers to reserve their machines in advance. And, to show our appreciation, we're giving each customer that reserves an iMac an Apple Coupon Book worth up to $800 in savings on Apple- related products." In celebration of the iMac launch, CompUSA Computer Superstores(SM)
across the nation will host "Apple Demo Days" on Saturday and Sunday, August 15 and 16 from 12 noon to 5:00 p.m. The event will feature Apple representatives who will demonstrate the latest Apple hardware, software and accessories.
CompUSA Inc. is one of the nation's leading retailers and resellers of personal computers and related products and services. The company currently operates 162 CompUSA Computer Superstores(SM) in 73 major metropolitan markets across the United States, which serve retail, corporate, government and education customers and include technical service departments and classroom training facilities. CompUSA also offers its own build-to-order personal computer series, the CompUSA PC(TM), and operates an Internet web site located at
compusa.com.
SOURCE CompUSA Inc.
CONTACT: Carol Elfstrom, Dir. of Public Comm. of CompUSA Inc., 972-982-4181
Company News On-Call: prnewswire.com or fax, 800-758-5804,
ext. 804625
Navarre Corporation and CompUSA Sign Pact for Distribution of DVD Video
PR Newswire - July 22, 1998 09:07
MINNEAPOLIS, July 22 /PRNewswire/ -- Navarre Corporation (Nasdaq: NAVR) announced it will become the supplier of DVD movies to CompUSA Inc. (NYSE: CPU), one of the nation's leading retailers and resellers of PC products. This expands Navarre's current relationship that includes supplying a broad array of software products to CompUSA. Navarre will provide CompUSA with a "turn-key" DVD department for its 162 computer superstores nationwide. "This is a new and exciting product line for both Navarre and CompUSA. With the dramatic projected growth of the installed base of DVD ROM-equipped PCs and consumer electronics players, Navarre is uniquely poised to take advantage
of this burgeoning convergence market. It is estimated that DVD products will account for over 20% of future home video sales. We estimate that Navarre's first year revenues from DVD products could eclipse an estimated $15 million," stated Ian Warfield, Vice President and General Manager - Computer Products Division. "We're excited about this partnership with Navarre which we believe will promote CompUSA's leadership position in the rapidly growing DVD category," said Larry Mondry, Executive Vice President of Merchandising at CompUSA. "We
expect DVD to continue to gain popularity and be especially hot for the holidays." Eric Paulson, President and CEO of Navarre Corporation, added "When we started Navarre, over 15 years ago, it was with the vision that one day music, video and computer software would come together in one all encompassing media. Today, Navarre may be the only entertainment distribution company to offer our clients and artists access to all three entertainment categories." Navarre Corporation's five major business segments are: Computer Products Division which publishes and distributes quality consumer software to retailers nationwide; Independent Music Distribution is the major distributor of independent music labels in the United States; ARM distributes major studio music recording labels to non-traditional retail outlets; DVD
Home Video distribution; and the wholly owned subsidiary NetRadio Network is the premier Internet radio network featuring 150 channels of originally programmed audio content (www.netradio.net). CompUSA is one of the nation's leading retailers and resellers of personal computers and related products and services.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created hereby. Statements in this release that are not strictly historical are "forward looking" statements which are subject to risk and uncertainty. Investors are cautioned that all "forward- looking"
statements contained herein may not be reasonable and assumptions could be inaccurate, and should not be construed, considered or assumed as guarantees. The inclusion of such information should not be regarded as a representation or guarantee, by the Company, or any other person, that the objectives and plans, stated herein, will be achieved. Unknown factors could cause actual results to differ as well as other risks detailed in the company's reports filed with the Securities and Exchange Commission, including its prospectuses, 10K and 10Q filings.
SOURCE Navarre Corporation
CONTACT: Terri Bonoff, Vice President of Navarre Corporation, 612-971-2801, fax, 612-535-3926, or e-mail, Tbonoff@navarre.com; or Spencer Maus, Director of Dresner Corporate Services, Inc., 312-726-3200, fax, 312-726-7448, or e-mail, smaus@dresnerco.com, for Navarre Web site: navarre.com
Best wishes
James
|
