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| Hastings' Marmaduke Wins Entrepreneur
of The Year Award |
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| AMARILLO, Texas, June 25, 1998--John H. Marmaduke,
President and Chief Executive Officer of Hastings Entertainment, Inc., has been awarded
the prestigious 1998 Ernst & Young Entrepreneur Of The Year for the Southwest Area's
retail and consumers products industry group. The Ernst &Young Entrepreneur of the
Year Program was established to honor entrepreneurs whose ingenuity, hard work, and
perseverance have created and sustained successful, growing business ventures. With the
program now in its eleventh year, the criteria used in selecting the award recipients
encompasses the nominee's qualifications, unique management skills, work experience, and
major accomplishments including participation in business, community and civic
organizations. In addition, the background of the nominee's company is thoroughly
evaluated including the source of the idea for the original strategy, the financial risk
involved, innovative approaches to management and marketing, the company's current stage
of development and future prospects. |
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| Mr. Marmaduke will be inducted into the Entrepreneur Of
The Year Institute at the annual international conference to be held in Palm Springs,
California in November, 1998. Ernst & Young LLP, the primary sponsor of the
Entrepreneur Of The Year competition, is a leading professional financial services firm
with more than 89 offices in the Unites States. Other national sponsors of the competition
include The NASDAQ Stock Market, Inc. and USA TODAY. |
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| This award is an outstanding recognition of the Hastings
unique multimedia retail concept, Mr. Marmaduke concluded. With the proceeds of our recent
initial public offering, Hastings is well positioned to increase the growth rate of its
superstores into under-served small and medium-sized markets across America. |
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| Please e-mail all questions to Hastings Investor Relations |
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