CPU - the new dot-com kid on the block is tearing them up!
CompUSA Announces CompUSA Net.com
PR Newswire, Monday, March 29, 1999 at 12:11
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
Companies or Securities discussed in this article:
Symbol Name
NYSE:CPU Compusa Inc
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