PR-COMPUSA ANNOUNCES COMPUSA NET.COM
New Internet Sales Site Debuts Today
DALLAS, March 29 /PRNewswire/ -- CompUSA Inc. (NYSE: CPU), America's
Largest Computer Superstore(R) retailer, today announced the formation
of CompUSA Net.com Inc., its stand-alone Internet subsidiary, which is
celebrating its launch by unveiling a totally redesigned website,
www.compusanet.com.
"Our goal is for CompUSA Net.com to become the premier on-line
technology supplier for desktop and notebook computers, software,
printers, scanners, accessories and other electronic and digital
products as well as a leader in customer service," said James F.
Halpin, president and chief executive officer of CompUSA Inc. "CompUSA
Net.com Inc. will be an aggressive competitor in the dynamic, rapidly
growing Internet sales arena. We have completed the business
requirements to make CompUSA Net.com Inc. a stand-alone company and are
assembling a management team focused exclusively on growing the
Internet business. They will be making many changes in the coming
months."
In conjunction with the formation of CompUSA Net.com Inc., CompUSA's
current website, www.compusa.com, will become the portal page for two
new websites, each of which will also be separately accessible. The
two new websites are:
-- www.compusanet.com, which will offer technology products for sale in
an exciting new online format.
-- www.compusastores.com, which will include information about CompUSA
Inc. store locations, store specials, corporate, government and
education sales, training classes and technical services.
CompUSA Inc. is one of the nation's leading retailers and
resellers of personal computers and related products and services.
CompUSA Inc. currently operates 209 CompUSA Computer Superstores in 79
major metropolitan markets across the United States that 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).
CompUSA Net.com Inc. offers one of the largest selections of desktop
and notebook computers, software, printers, scanners, accessories and
other electronic and digital products at its online technology
superstore, www.compusanet.com.
This news release contains forward-looking statements about the
business, financial condition and prospects of the Company. The actual
results of the Company could differ materially from those indicated by
the forward-looking statements because of various risks and
uncertainties, including without limitation, changes in product demand,
the availability of products, changes in competition, economic
conditions, various inventory risks due to changes in market
conditions, risks related to the Computer City acquisition, and other
risks indicated in the Company's Securities and Exchange Commission
filings and reports. All of the foregoing risks and uncertainties are
beyond the ability of the Company to control, and in many cases the
Company cannot predict the risks and uncertainties that could cause its
actual results to differ materially from those indicated by the
forward-looking statements. When used in this press release, the words
"believes," "plans," "expects," "anticipates" and similar expressions
as they relate to the Company or its management are intended to
identify forward-looking statements.
SOURCE CompUSA Inc.
-0- 03/29/99 /CONTACT: James E. Skinner,
Executive Vice President & CFO, 972-982-4000, or Suzanne Shelton,
Director of Public Relations, 972-982-4181, both of CompUSA Inc./
/Company News On-Call: prnewswire.com or
fax, 800-758-5804, ext. 804625/
/Web site: compusastores.com /Web site:
compusanet.com
/Web site: compusa.com (CPU)
CO: CompUSA Inc.; CompUSA Net.com Inc. ST: Texas IN: REA CPR MLM
SU: PDT
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