ELBO Electronics Boutique Hldgs (MM)

Electronics Boutique Completes Acquisition of Jump Ordenadores S.L.U. WEST CHESTER, Pa., May 31 /PRNewswire-FirstCall/ -- Electronics Boutique Holdings Corp. (NASDAQ:ELBO), a leading global specialty retailer of video games and related products, today announced it has completed the acquisition of privately held Jump Ordenadores S.L.U. ("Jump"). On May 23, 2005, Electronics Boutique announced a definitive agreement to acquire Jump, a retailer based in Valencia, Spain that sells PCs and other consumer electronics. Electronics Boutique plans to begin introducing video game hardware and software into Jump's 141 stores over the next several months. The acquisition provides Electronics Boutique entry into the Spanish marketplace and continues Electronics Boutique's aggressive international expansion. About Electronics Boutique Holdings Corp. Electronics Boutique, a Fortune 1000 company, is a leading global specialty retailer dedicated exclusively to video game hardware and software, PC entertainment software, accessories and related products. As of April 30, 2005, the company operated 2,071 stores in the United States, Australia, Canada, Denmark, Germany, Italy, New Zealand, Norway, Puerto Rico and Sweden -- primarily under the names EB Games and Electronics Boutique. The company operates an e-commerce website at http://www.ebgames.com/. Additional company information is available at http://www.ebholdings.com/. This release contains forward-looking statements, including those related to the proposed acquisition of Jump. Forward-looking statements refer to expectations, projections and other characterizations of future events or circumstances and are often identified by the use of words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimated," "continue" or comparable terminology. In addition to factors specified in Electronics Boutique's recent filings with the Securities and Exchange Commission, there are other factors that could cause actual results to materially differ from those expressed or implied in these forward-looking statements, such as the schedule and sell-through for new hardware and software releases, consumer demand for video game hardware and software, the timing of the introduction of new generation hardware systems, pricing changes by key vendors for hardware and software and the timing of any such changes, the adequacy of supplies of new and pre-played products, currency fluctuations, increased competition and promotional activity from other retailers, the availability of locations for, and timing of the opening of, new domestic and international stores, the fulfillment of the conditions necessary to complete the acquisition of Jump and the previously announced merger with GameStop, and the ability to successfully integrate Jump's business with Electronics Boutique's existing operations. In light of the risks and uncertainties inherent in the forward-looking statements, these statements should not be regarded as a representation by Electronics Boutique or any other person that the projected results, objectives or plans will be achieved. Electronics Boutique undertakes no obligation to revise or update the forward-looking statements to reflect events or circumstances after the date hereof. DATASOURCE: Electronics Boutique Holdings Corp. CONTACT: James A. Smith, Chief Financial Officer, Electronics Boutique Holdings Corp., +1-610-430-8100; or Financial Dynamics: Investors: Cara O'Brien or Melissa Myron, or Media: Melissa Merrill, +1-212-850-5600 Web site: http://www.ebgames.com/ http://www.ebholdings.com/

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