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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (30003)	3/29/1999 3:04:00 PM
From: kha vu	Read Replies (1) \| Respond to of 120523

CPU... it has a huge volume today ... Monday March 29, 11:51 am Eastern Time Company Press Release SOURCE: CompUSA Inc. CompUSA Announces CompUSA Net.com New Internet Sales Site Debuts Today DALLAS, March 29 /PRNewswire/ -- CompUSA Inc. (NYSE: CPU - news), America's Largest Computer Superstore® 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.