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Technology Stocks : Electronics Boutique (ELBO) -- Ignore unavailable to you. Want to Upgrade?

To: Top Jim who wrote (306)	4/7/1999 11:01:00 AM
From: Night Writer	Read Replies (1) \| Respond to of 779

Electronics Boutique Splits Off EBWorld.com -- Unique Website Hits Exceeded 10 million in Fiscal 1999 -- New Call Center Slated to Open in Summer 1999 WEST CHESTER, Pa., April 7 /PRNewswire/ -- Electronics Boutique Holdings Corp. (Nasdaq: ELBO), the world's largest specialty retailer of electronic games, today announced that it has established EBWorld.com, Inc. as a separate e-commerce division. Mr. Seth Levy, Electronics Boutique's CIO, will head the new division as President and will report directly to Joseph J. Firestone, President and CEO of Electronics Boutique. Mr. John Brittell, who has risen through the sales ranks during his 13 years with the Company, will serve as Director of Interactive Services and report directly to Mr. Levy. The creation of EBWorld.com should enable the Company to accelerate the growth of its e-commerce business and build upon the success of its Internet website, www.ebworld.com. The site generated sales growth in excess of 1,200% year over year for the fourth quarter of fiscal 1999 and traffic has increased steadily since launching the improved site in September 1998. During fiscal 1999, there were more than 10 million unique visits to the site, including more than 3.5 million in the fourth quarter. To support the continued anticipated growth in its e-commerce business, Electronics Boutique is in the process of establishing a new customer service call center in Las Vegas, Nevada, which is scheduled to open this summer. The new customer service call center will receive orders, answer emails and provide customer service for Electronics Boutique's web customer service, mail order and in-store support functions. "We believe that Seth's strong merchandising background combined with his technological expertise make him the perfect candidate to head EBWorld.com," commented Joseph J. Firestone. "Growth in e-commerce sales is a natural progression for our company especially given the Internet savvy profile of our customers for electronic games, software and related products. The creation of this new division reflects our commitment to fully realizing the benefits of this expanding new sales channel. We continue to increase dollars spent on the promotion of our site to increase customer traffic and believe that Internet driven sales could increase to more than $16 million this year, compared with $4.3 million in fiscal 1999." Electronics Boutique is the leading specialty retailer of video and computer games and also sells video game hardware, PC productivity software and accessories. The company currently operates 547 stores in 45 states, Puerto Rico, Canada, Australia and South Korea, primarily under the names Electronics Boutique and Stop 'N Save Software. This press release contains "forward-looking statements." Electronics Boutique ("EB") is including this statement for the express purpose of availing itself of the protections of the safe harbor provided by the Private Securities Litigation Reform Act of 1995 with respect to all such forward- looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. These risks include, but are not limited to, EB's dependence on the continued introduction of new and enhanced video games and PC hardware and software; the cyclical nature of the video game market; the rapid technological changes which occur in the video game and PC industry; EB's ability to open and operate new stores on a profitable basis; the intensely competitive nature of the electronic game industry and its rapid changes in consumer preferences and frequent new product introductions; the seasonal nature of the retail industry; EB's dependence on its suppliers for products; risks inherent to conducting international operations; and consumer spending patterns and prevailing economic conditions. Please refer to Electronics Boutique's registration statement on Form S-1 on file with the SEC for a more detailed discussion of these and other risks that could cause results to differ materially. SOURCE Electronics Boutique Holdings Corp. -0- 04/07/99 /CONTACT: John R. Panichello, Chief Financial Officer of Electronics Boutique, 610-430-8100; or General, Kelly Lofts, Analyst, Lynn Sawyer-Landau, or Media, Alan Goldsand, 212-661-8030, all of The Financial Relations Board/ /Web site: ebworld.com (ELBO) CO: Electronics Boutique Holdings Corp.; EBWorld.com, Inc. ST: Pennsylvania IN: REA MLM CPR SU:

To: Top Jim who wrote (306)	4/7/1999 5:48:00 PM
From: DellFan	Read Replies (2) \| Respond to of 779

Topjim re:<I know the company well> Not as well as you might like to think. Note the following contrary to your statement concerning lock-up: "But if a company simply doesn't have much value, prices generally won't recover. Electronics Boutique Holdings (NASDAQ:ELBO - news) , which operates specialty electronic game stores throughout the U.S. and other countries, issued its IPO at $14.00. After January 28, 1999, its lock-up expiration day, the stock took a downturn from $18.13 to its current levels of $13.50." fnews.yahoo.com As for Mr. Kim - color him greedy. Just look at the cash he took from both his IPO's. Just in ELBO's case, it's a multiple of the $6 million you you claim. Read the information concerning te borrowing done just before the IPO and where the proceeds went. As for the company's complacency - have you ever tried to visit Investor relations through their web site? Not. It's not there. As for pump and dump - I never accused them of same, quite the contrary. But if they did, I agree with your statements concerning their reaction. And as for the announcement made - you can judge the market's reaction for yourself. None. Nada. And don't expect any other earthshaking announcements. And your conjecture concerning the subject matter of the announcement, of course, proved to be inaccurate. As for your competing with them - your shop would have undoubtedly failed anyway, even without ELBO's presence. As for short interest, I understand why that would happen in ELBO's case, although I am not a participant there. But after this "unexiting announcement" I might be. As for Dell, which has shown 125% appreciation since Elbo hit the market, I'll follow your advice. But I may come back from time to time so I can congratulate you on your wise stock picking re:ELBO!