www.gohastings.com will offer a "lowest
price" guarantee program on the more than 10 million new and used entertainment
products and unique, contemporary gifts and toys carried on the site. In addition,
www.gohastings.com will feature exceptional product and pricing offers, such as
best-selling books at up to 50% off list price and special low price offers not available
on other web-sites."Our mission is to develop
www.gohastings.com as the most complete entertainment e-commerce site on the Web, with
guaranteed low pricing to match any other Internet site," said John H. Marmaduke,
president and chief executive officer. "In addition, strategic alliances with
numerous current trading partners will enable our site to provide one of the broadest
assortments of entertainment products offered on the Web.
"We are extending our community-oriented entertainment
retailing style to the electronic global marketplace with a more editorially rich
offering," added Marmaduke. "We want our e-commerce customers to view
www.gohastings.com as a fun and informative gathering place to shop that also guarantees
them the best value for their money, just as our customers do who shop in our 131
entertainment superstores."
Hastings currently operates http://www.hastingsentertainment.com,
one of the Web's largest fully integrated multimedia entertainment e-commerce sites, which
will become a part of www.gohastings.com after its May 1999 launch. That site currently
offers a broad selection of books, music, software, videotapes and video games to the
electronic global marketplace at prices equal to or less than other non-membership
electronic retailers. General financial information about Hastings is also available via
the Internet at this site. Complete terms and conditions related to the "lowest
price" guarantee program will be detailed on the www.gohastings.com Web site.
Founded in 1968, Hastings is a leading multimedia entertainment
retailer that combines the sale of books, music, software, periodicals and videotapes with
the rental of videotapes and video games in a superstore format. In addition to e-commerce
from its Web site, 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 in April 1999 and anticipates opening
approximately 18 superstores during the remainder of 1999.
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 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 SEC and declared effective on June 11, 1998.
and 
