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

To: Top Jim who wrote (319)	4/17/1999 2:32:00 PM
From: LTK007	Read Replies (1) \| Respond to of 779

From 4/12/99 Philadelphia Inquirer,as I am sudying ELBO now,I am not a stock holder His information background gives a boost to e-commerce Electronics Boutique, the West Chester game software retailer that last week created EBWorld.com Inc., has named chief information officer Seth Levy president of the new e-commerce division. Levy, who will retain his chief information officer title at the parent company, said EBWorld.com was formed after it became apparent that retailing on the World Wide Web was a hit with shoppers. Revenues from the Web site at ebworld.com were $4.3 million in the last fiscal year, he said. "That would be, by far, our largest store, if you consider it a store," he said in an interview. In fact, Levy said, "on any given day, it's doing the business of up to 10 stores." The company is projecting Internet sales of $16 million for the current fiscal year. Levy, 41, was born in the New York City area and grew up in California. He worked 18 years for what became May Department Stores Co., holding corporate positions in Los Angeles, Washington, New York and St. Louis. He came to Electronics Boutique two years ago. In addition to his new job, Levy was promoted to senior vice president of Electronics Boutique. He will continue to report to president and chief executive Joseph J. Firestone. "I'm going to wear two hats, and I have committed to spending the bulk of my time devoted to the new venture," Levy said. "I am fortunate to have a very strong information-services group backing me up." EBWorld.com will initially employ about 20 people in West Chester, Levy said. In the summer, the company will open a customer call center in Las Vegas that is expected to employ 50 to 60 people by year's end, and eventually as many as 300, he said. John Brittell, a 13-year Electronics Boutique sales executive, has been named director of interactive services and will report to Levy. "Our hope is to build a self-sustaining business that continues to lead the pack in our retail segment," said Levy. Electronics Boutique Holdings Corp., with about 3,500 employees, operates 547 stores under the names Electronics Boutique and Stop 'N Save Software. - Reid Kanaley

To: Top Jim who wrote (319)	4/20/1999 12:24:00 PM
From: Night Writer	Respond to of 779

Electronics Boutique's EBWorld.Com Enters Agreement To Be Exclusive Online Games Retailer For The IGN Network of Sites -- EBWorld.com Expects Partnership To Yield Significant Increase In Sales Referrals -- IGN Is The Number One Games Network On The Internet WEST CHESTER, Pa., April 12 /PRNewswire/ -- Electronics Boutique Holdings Corp. (Nasdaq: ELBO), the world's largest specialty retailer of electronic games, today announced that EBWorld.com, the Company's separate e-commerce division, has entered into an agreement to be the exclusive online games retailer for the IGN network of sites. With this agreement, EBWorld.com will extend opportunities for IGN users to pre-order the hottest new game titles online before they are available in retail stores. To enhance the commerce relationship, EBWorld.com and IGN are currently providing visitors to the www.ign.com network of websites easy access to online games purchases and have plans to include a co-branded news section on the www.ebworld.com website. IGN is the largest computer and video games destination on the Internet and number one games network in terms of content, unique traffic, time spent on the site and frequency of visitors. The network averages nearly two million unique visitors every month. Additionally, IGN is part of the newly formed online media company Affiliation Networks, Inc., which supports its networks and partners with sales and marketing services, audience development and promotional opportunities that are beyond the reach of most independent sites. "We believe our partnership with IGN is representative of the tremendous growth opportunities that exist to expand our Internet presence and increase e-commerce sales," commented Seth Levy, President of EBWorld.com. "IGN is one of the largest website communities and top informational sources on the net appealing to our target customers. Since the set up of this agreement in early February, monthly sales referrals for EBWorld.com have increased significantly. We are confident that this relationship will be an integral component of the aggressive growth plans we have for our Internet business in fiscal 2000 and beyond." 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. The company has also established a separate e-commerce division, EBWorld.com, Inc., to accelerate the growth of its Internet business. During fiscal 1999, there were more than 10 million visits to the company's website at ebworld.com. 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. CO: Electronics Boutique Holdings Corp.; IGN; Affiliation Networks, Inc. ST: Pennsylvania IN: REA MLM CPR SU: 04/12/99 10:30 EDT prnewswire.com

To: Top Jim who wrote (319)	4/21/1999 12:44:00 PM
From: Night Writer	Read Replies (1) \| Respond to of 779

(PR NEWSWIRE) Electronics Boutique Anticipates Additional Revenue from Man Electronics Boutique Anticipates Additional Revenue from Management Contract With London Based Electronics Boutique, Plc. * Electronics Boutique, Plc. Plans to Acquire Game, Ltd. * Electronics Boutique to Receive 1% of Combined Company's Net Sales WEST CHESTER, Pa., April 21 /PRNewswire/ -- Electronics Boutique Holdings Corp. (Nasdaq: ELBO), the world's largest specialty retailer of electronic games, today announced that London-based Electronics Boutique, Plc., (London: EBQ), a company with which it has a management contract, plans to acquire Game, Ltd. in a transaction valued at approximately 99 million pounds sterling (US$159.9 million based on April 13, 1999 exchange rates). The deal, which was previously announced, is subject to shareholder approval and customary closing conditions. As part of its management contract with Electronics Boutique, Plc., the Company will receive a minimum of 1% of net sales of the combined company, which totaled approximately 242.0 million pounds sterling (US$390.1 million) for 1998 on a pro forma basis. The Company estimates that the acquisition could increase management fees by $0.03 to $0.04 per share for 1999. Following completion of the acquisition, Electronics Boutique, Plc. will operate 268 stores throughout the United Kingdom with an estimated 20% share of the market. 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. The company has also established a separate e-commerce division, EBWorld.com, Inc., to accelerate the growth of its Internet business. During fiscal 1999, there were more than 10 million visits to the company's website at ebworld.com. 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- 04/21/99 /CONTACT: John R. Panichello, Chief Financial Officer of Electronics Boutique Holdings Corp., 610-430-8100; or Analysts, Lynn Sawyer-Landau, or Media Info, Alan Goldsand, of The Financial Relations Board, 212-661-8030/ /Web site: ebworld.com (ELBO) CO: Electronics Boutique Holdings Corp.; Electronics Boutique, Plc.; Game, Ltd. ST: Pennsylvania, New York, London IN: REA MLM CPR SU: TNM CON