Hastings Entertainment, Inc. (NASDAQ: HASTE), a leading multimedia entertainment
superstore retailer, today announced that the Nasdaq-Amex Market Group has found the
Company to be in compliance with all requirements for continued listing on the Nasdaq
National Market. As a result, the Company’s hearing scheduled for Thursday, June 22,
2000 has been canceled and the hearing file closed.
The Nasdaq
notice also stated that effective with the open of business Friday, June 23, 2000, the
Company’s trading symbol will be restored to HAST from HASTE.
John H. Marmaduke, chairman and chief executive officer, said,
"We are pleased with the successful resolution of this issue and look forward to
directing our attentions to our business operations at this time."
Founded in 1968, Hastings Entertainment, Inc. is a leading
multimedia entertainment retailer that combines the sale of books, music, software,
periodicals, DVDs, videos and video games with the rental of videos, DVDs and video games
in a superstore format. The Company currently operates 143 superstores, averaging 21,500
square feet, primarily in small to medium-sized markets throughout the United States.
Hastings also operates www.gohastings.com,
an e-commerce Internet Web site that makes available to its customers new and used
entertainment products and unique, contemporary gifts and toys. The site features
exceptional product and pricing offers, including best-selling books at up to 50% off list
price.
Certain statements set forth above are forward-looking statements
within the meaning of the Securities Exchange Act of 1934. Such statements are based upon
Hastings Entertainment management’s current estimates, assumptions and expectations
and are subject to a number of factors and uncertainties, any of which could cause actual
results to differ materially from those described herein. The forward-looking statements
set forth above are also subject to the factors and uncertainties set forth under the
heading "Risk Factors" in the Company’s Form 10-K for the fiscal year ended
January 31, 2000.
and 
