Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Hastings Entertainment (HAST) -- Ignore unavailable to you. Want to Upgrade?

To: Rex Dwyer who wrote (55)	5/4/1999 3:28:00 PM
From: Kip518	Respond to of 63

buy-op May 04, 1999 15:22 Hastings Entertainment Delays May 4 Launch of New gohastings.com E-Commerce Site to Address Bandwidth Technology Issues That Will Enhance Performance AMARILLO, Texas, May 4 /PRNewswire/ -- Hastings Entertainment, Inc. (Nasdaq: HAST), a leading multimedia entertainment superstore retailer, today announced that it has delayed briefly the launch of its new gohastings.com e-commerce Internet site to address bandwidth technology issues that will significantly enhance the site's performance going forward. "We had gohastings.com ready to launch, but determined that it would not deliver the level of speed and convenience that over four million Hastings customers already pre-registered for our site have come to expect from shopping at our 131 entertainment superstores," said John H. Marmaduke, president and chief executive officer. "We decided to move our server to utilize the greater capacity and speed afforded by the expanded bandwidth of T-3 line technology caused unexpected delays. However, we feel that it was better to delay the debut of our new site than to open with less than the best product that we could offer to the global community we will be serving." Marmaduke added that those Hastings customers who wished to take advantage of the special offers that were advertised today in the print ads in USA Today and The Wall Street Journal can call toll-free, 1-877-HASTINGS, to order the featured products, including free shipping. The gohastings.com site features more than 10 million new and used entertainment products and a "lowest price" guarantee program and exceptional previously viewed video pricing offers, such as "Good Will Hunting," "Primary Colors" and "Rush Hour," packaged together for $9.99. Founded in 1968, Hastings Entertainment, Inc. is a leading multimedia entertainment retailer that combines the sale of books, music, software, periodicals, DVDs and videotapes with the rental of videotapes, DVDs and video games in a superstore format. The company currently operates 131 superstores, averaging 21,200 square feet, primarily in small to medium-sized markets in the Midwestern and Western United States. The company opened two superstores the first quarter of fiscal 1999, and anticipates opening up to 18 more superstores during the remainder of 1999. gohastings.com will also provide general financial information about Hastings. In addition, complete terms and conditions related to the "lowest price" guarantee program will be detailed on the new Web site. Certain statements set forth above are forward-looking statements within the meaning of the Securities Exchange Act of 1934. Such statements are based upon management's current estimates, assumptions, and expectations and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described herein. The forward-looking statements set forth above are subject to the factors and uncertainties set forth under the heading "Risk Factors" in the Company's Registration Statement on Form S-1 as filed with the Securities and Exchange Commission and declared effective on June 11, 1998 and the company's annual and quarterly reports on file with the Securities and Exchange Commission. SOURCE Hastings Entertainment, Inc.

To: Rex Dwyer who wrote (55)	5/19/1999 9:31:00 AM
From: Kip518	Respond to of 63

May 19, 1999 08:46 Hastings Entertainment First Quarter Net Income Jumps 41.8% on 12.5% Revenue Gain; Comp-Store Sales Up 5.5% AMARILLO, Texas, May 19 /PRNewswire/ -- Hastings Entertainment, Inc. (Nasdaq: HAST), a leading multimedia entertainment superstore retailer, today announced that for the fiscal 1999 first quarter ended April 30, 1999, net income jumped 41.8% to $1,705,000 from $1,202,000 for the fiscal 1998 first quarter ended April 30, 1998. With 35.1% more shares outstanding, diluted earnings per share were $0.15 per share versus $0.14 per share for the first quarter of fiscal 1998. Revenues rose 12.5% to $100,579,000 for the fiscal 1999 first quarter from $89,387,000 for the first quarter of fiscal 1998, as comparable-store sales increased 5.5% from a year ago. "Our first quarter results exhibited revenue growth in each of our major sale and rental categories with solid improvement in our gross margin performance," said John H. Marmaduke, chairman and chief executive officer. "Our retailing concept of providing a wide range of multimedia home entertainment products to small to-medium sized communities is unique, and it continues to allow Hastings to meet its growth goals while increasing profitability. "As planned, we opened two superstores during the first quarter, and we have signed leases for an additional five superstores to be opened by the end of the second quarter. Hastings is well positioned to meet its goal to open 20 new superstores in 1999," added Marmaduke. "In addition, we are very enthusiastic about the potential revenue upside related to our new Web site, gohastings.com, which we anticipate will be launched by the end of May." Founded in 1968, Hastings Entertainment, Inc. is a leading multimedia entertainment retailer that combines the sale of books, music, software, periodicals, DVDs and videotapes with the rental of videotapes, DVDs and video games in a superstore format. The Company currently operates 131 superstores, averaging 21,200 square feet, primarily in small to medium-sized markets in the Midwestern and Western United States. The Company opened two superstores during the first quarter of fiscal 1999 and anticipates opening up to 18 more superstores during the remainder of 1999. Hastings' new e-commerce Internet Web site, gohastings.com, will provide a selection of more than 10 million new and used entertainment products to the global community, as well as a line of low-priced computers and accessories.

To: Rex Dwyer who wrote (55)	5/25/1999 9:13:00 AM
From: Kip518	Read Replies (1) \| Respond to of 63

May 25, 1999 08:58 Hastings Entertainment's New E-Commerce Web Site Goes Live Today; gohastings.com Offers Over 10 Million Entertainment Products AMARILLO, Texas, May 25 /PRNewswire/ -- Hastings Entertainment, Inc. (Nasdaq: HAST), a leading multimedia entertainment superstore retailer, announced that its new e-commerce Web site, gohastings.com, officially went live today. The site, which features access to more than 10 million new and used entertainment products, also offers a "lowest price" guarantee. To help build initial customer acceptance, the new site is featuring an extensive selection of Star Wars-related products at exceptional prices and books on the New York Times bestsellers list at 50% off list price. In addition, Hastings is currently providing a free shipping offer during the initial roll-out of the site, which is being supported by a national advertising campaign featuring print coverage in USA Today and The Wall Street Journal and electronic media exposure on Yahoo!, CNN and CBS Marketwatch. "Our multimedia entertainment concept creates a gathering place in the communities that our superstores serve," said John H. Marmaduke, president and chief executive officer. "Now we are delivering that concept to the world- wide community by providing an electronic gathering place. "Our new site is a total entertainment retailing environment, selling everything from books to yo-yos. With the assistance of strategic alliances, we will continue developing gohastings.com with the goal of featuring a never- ending supply of hot and new products from the entertainment world," added Marmaduke. Founded in 1968, Hastings Entertainment, Inc. is a leading multimedia entertainment retailer that combines the sale of books, music, software, periodicals, videocassettes, video games and DVDs with the rental of videocassettes, video games and DVDs in a superstore format. In addition to e-commerce from the gohastings.com, the company currently operates 131 superstores, averaging 21,200 square feet, primarily in small to medium- sized markets in the Midwestern and Western United States. The company opened two superstores during the first quarter of fiscal 1999 and anticipates opening 18 superstores during the remainder of 1999. The new Web site will also provide general financial information about Hastings and complete terms and conditions related to the "lowest price" guarantee program. Certain statements set forth above are forward-looking statements within the meaning of the Securities Exchange Act of 1934. Such statements are based upon management's current estimates, assumptions, and expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. The forward-looking statements set forth above are subject to the factors and uncertainties set forth under the heading "Risk Factors" in the Company's Registration Statement on Form S-1 as filed with the Securities and Exchange Commission and declared effective on June 11, 1998 and the company's annual and quarterly reports on file with the Securities and Exchange Commission. SOURCE Hastings Entertainment, Inc. /CONTACT: Dennis McGill, Vice President-Finance and Chief Financial Officer of Hastings Entertainment, Inc., 806-351-2300, ext. 6000/ /Web site: hastingsentertainment.com /Web site: gohastings.com