THORNTON, Colo., March 5 /PRNewswire-FirstCall/ -- Ultimate Electronics,
Inc. (Nasdaq: ULTE) announced today that it is rescheduling its fourth quarter
and annual earnings release and conference call for April 8, 2004.
Difficulties encountered with the company's new management information system
have delayed the preparation of the company's year-end financial statements.
The company expects to release its fourth quarter and annual earnings
results on the morning of April 8, 2004 and to hold its conference call at
11:00 a.m. Eastern Time on the day of the release, which will be broadcast
live on the Internet. Ultimate Electronics' news releases, quarterly sales
and operating results can be found on the Internet on the company's web site
at http://www.ultimateelectronics.com .
The statements made in this news release, other than those concerning
historical financial information, are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are made based upon management's current
expectations and beliefs concerning future developments and their potential
effects upon the company. These forward-looking statements include statements
regarding the timing of the company's earnings release and conference call.
Actual results may differ materially from those included in the
forward-looking statements due to a number of factors, including, but not
limited to risks associated with the operation of our new management
information system and other risk factors identified in the company's Annual
Report on Form 10-K for the fiscal year ended January 31, 2003, filed with the
Securities and Exchange Commission. There can be no assurance that future
developments affecting the company will be those anticipated by management.
The company disclaims any obligation to update or revise any of the
forward-looking statements that are in this news release.
About Ultimate Electronics, Inc.
Ultimate Electronics is a leading specialty retailer of home entertainment
and consumer electronics products in 14 states. The company operates
65 stores, including 54 stores in Arizona, Idaho, Illinois, Iowa, Kansas,
Minnesota, Missouri, Nevada, New Mexico, Oklahoma, South Dakota, Texas and
Utah under the trade name Ultimate Electronics(R), and 11 stores in Colorado
under the trade name SoundTrack(R). In addition, the company operates Fast
Trak, Inc., an independent electronics repair company based in Minnesota and a
wholly owned subsidiary of Ultimate Electronics.
For further information, please contact Alan E. Kessock, Chief Financial
Officer of Ultimate Electronics, Inc., +1-303-801-4000.
SOURCE Ultimate Electronics, Inc.
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Related links:
http://www.ultimateelectronics.com
Company News On-Call:
http://www.prnewswire.com/comp/877054.html
CONTACT:
Alan E. Kessock, Chief Financial Officer of
Ultimate Electronics, Inc., +1-303-801-4000
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