WEST CHESTER, Pa., Oct. 7 /PRNewswire/ -- Electronics Boutique Holdings
Corp. (Nasdaq: ELBO) today announced that it has filed a registration
statement with the Securities and Exchange Commission relating to a proposed
public offering of up to 3,500,000 shares of its common stock. Of the shares
offered, it is expected that 2,000,000 shares will be sold by the Company and
1,500,000 shares will be sold by EB Nevada Inc., the selling stockholder. In
addition, an over-allotment option of 525,000 shares has been granted to the
underwriters by EB Nevada Inc.
Prudential Securities is the lead manager and Banc of America Securities
LLC, Gerard Klauer Mattison & Co., Inc. and PrudentialSecurities.com are the
co-managers for the offering. When available, a written prospectus relating
to the offering may be obtained from Prudential Securities, 111 8th Avenue,
New York, NY 10011.
Electronics Boutique is one of the leading specialty retailers of video
and computer games and also sells video game hardware, PC productivity
software and accessories. The company currently operates 575 stores in
46 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.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of these securities in any State in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such State or jurisdiction.
This press release may be deemed to contain "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 Annual
Report on Form 10-K 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.