NRM Scores with Backstreet Boys (Half a million sold on the first day)

Back - Index - Submissions - - What is RSS? Date: May 20, 2099 Source: National Record Mart, Inc. Submitted By: Thursday May 20, 9:47 am Eastern Time Company Press Release NRM Scores with Backstreet Boys PITTSBURGH, May 20 /PRNewswire/ -- NATIONAL RECORD MART, INC. (Nasdaq: NRMI - news) announced that Tuesday's new release ``Millennium'' by the Backstreet Boys (Jive Records Label/BMG Distribution Co.) represented the largest one day sale for a new release in the Company's history. John Grandoni, Vice President of Purchasing stated, ``With many merchants underestimating the demand for this release, sales for the recording should remain strong for the balance of the month. What began as a lackluster month has seen a sharp reversal with the release of the Latin sensation Ricky Martin and the record-breaking release of the Backstreet Boys.'' William A. Teitelbaum, President and CEO commented, ``We would hope that these two powerful releases so early in the calendar year will balance out the recent historical dominance of mega releases all being released around the Christmas quarter. We are hopeful that all of the major distribution companies will reassess the common wisdom of Christmas releases by the stunning and early success of these two new releases.'' National Record Mart, Inc. is a specialty retailer of pre-recorded music and entertainment products. The Company currently has 181 stores and is the nation's fourth largest specialty retailer of prerecorded music. This press release contains statements of a forward-looking nature regarding future events. These statements are only predictions and actual events may differ materially. Please refer to documents that National Record Mart files from time to time with the Securities and Exchange Commission for a discussion of certain factors that could cause actual results to differ materially from those contained in the forward-looking statements. Comment on this item. Recent Comments Submitted by: JimmiXzS B6tuyW http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com Submitted by: JimmiXzS GqQpDP http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com Submitted by: JimmiXS Sbsjaq http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com Comment on this item. Next Item: Having trouble figuring out Nick's code? Prev Item: Millennium goes platinum in Canada... In one day!