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To: NASDBULL who wrote (17748)11/27/1998 2:00:00 PM
From: brent gephart  Respond to of 119973
 
SOURCE: Electronics Boutique Holdings Corp.

Thursday October 1, 10:21 am Eastern Time

Company Press Release

Electronics Boutique Achieves Immediate Doubling Of Internet Sales With Introduction Of Improved Website

-- September Sales Exceed Expectations -- 800,000 Users Visit Site Monthly -- 4800 Products Available
WEST CHESTER, Pa., Oct. 1 /PRNewswire/ -- Electronics Boutique Holdings Corp. (Nasdaq: ELBO - news), the world's largest specialty retailer of electronic games, today reported that the September 1 introduction of its improved website has triggered an immediate doubling of sales via the Internet.

The company's Internet sales of electronic games and software, accessories, video game systems and related products were approximately 125 percent higher in September 1998 than in the preceding month. The increase over September 1997 was more than 700 percent.

Jeffrey W. Griffiths, Electronics Boutique senior vice president/merchandising and distribution, said the sudden jump between August and September of this year shows that with its new website the company has raised its Internet sales and marketing to a new level.

''For more than two years now, our consistent success in increasing sales via the Internet on a month-by-month basis has demonstrated not only the attractiveness of our product line and our pricing but also the power of the Internet as a sales tool,'' Mr. Griffiths said. ''The tremendous success of this new website demonstrates something else -- that the power of the Internet can be multiplied when it is used creatively, and that Electronics Boutique is using it creatively.''

Electronics Boutique began selling over its website -- www.ebworld.com -- in June, 1997. The site now receives 800,000 or more visits monthly and offers more than 4800 software and video game titles, educational and business software and accessories, and an e-mail newsletter with tips, author and celebrity chats, a twice-weekly bargain bin and new title updates.

The new version of the website is updated hourly with the latest news about hot titles and new releases. It features a transactional server that runs on the latest encryption and security software, uses the highest VeriSign security standards, and allows users to receive the products they order in as little as 24 hours.

''One of the great things about our website is that extends the benefits of Electronics Boutique's tremendous buying power to customers who are not close to one of our retail stores,'' Mr. Griffiths said. ''This means that the newest releases are instantly available to anyone who has access to the Internet.''

Electronics Boutique's primary products are video games and PC entertainment software, supported by the sale of video game hardware, PC productivity software and accessories. The company currently operates 479 stores in 42 states, Puerto Rico, Canada, Australia and South Korea, primarily under the names Electronics Boutique and Stop 'N Save Software.




To: NASDBULL who wrote (17748)11/27/1998 2:09:00 PM
From: Triffin  Respond to of 119973
 
If you traded AWEB....check out GLXY...
I know its a BB..someone mentioned it
earlier today..I couldn't find the post..
but I started to check it out..considering
some of the other plays that we've been
involved with this is worth a much closer look..

GLXY ...3 1/2 - 3 3/4
801-227-0004
5.4 million shs/ 1.6million float
six month revs of 6.2 million earnings of +340,000
or .07 per share..
Internet properties they own..

www.galaxymall.com.......+1500 storefronts
www.bannersource.com......banner advertising
www.instantcomputers.com..pc-retailing
www.booksnow.com..........book-retailing

also read post #407 on "$5.00 and under low float longs"
thread....

Got more DD to do but i'm in @ 3 1/4...only
negative I can see is BB listing but that didn't
hold back AWEB last few days..

Also, no debt and no converts that I could find...

Jim in CT..don't know when this is gonna end..
so keep on playin..



To: NASDBULL who wrote (17748)11/27/1998 2:09:00 PM
From: JimBeamII  Read Replies (4) | Respond to of 119973
 
NAS - take my word for it: outsource the job to an accountant. The cost is tax deductible and marginal at best. That way, you never worry about audits. Also, in case of one, they are the one to interact with the auditors, not you.

I've been in small business for several years and learned early on that doing it yourself loses you money. A good CPA will pay for themselves many times over. And get a conservative one -- in the sense that they are on the up-and-up, not constantly looking for questionable loop holes.

JMO
jlp



To: NASDBULL who wrote (17748)11/27/1998 2:11:00 PM
From: mammoth  Respond to of 119973
 
NASDBULL, I'm afraid the IRS will want even more than 25%, unless your gain is in some tax-sheltered account, like an IRA. Sucks, don't it?



To: NASDBULL who wrote (17748)11/27/1998 2:17:00 PM
From: brent gephart  Read Replies (2) | Respond to of 119973
 
NASDBULL you are looking at upward of 39.6% for short term capital gains and don't forget your state taxes.

Brent



To: NASDBULL who wrote (17748)11/27/1998 8:30:00 PM
From: vestor  Respond to of 119973
 
You might want to park your gains at FSVC... Its a tax heltered entity gratis the feds... there is thread on SI.. read the intro... for complex questions see your accountant about it or send a msg to the poster Drobonic, I think thats the spelling... In buyin these shares you do not pay fed taxes until you sell them. In the meantime you get a nice dividend.... Hope this deferrel of tax strategy helps...... Good Luck !