ULTE Ultimate Electronics (MM)

Ultimate Electronics, Inc. Reschedules Earnings Release and Conference Call THORNTON, Colo., March 5 /PRNewswire-FirstCall/ -- Ultimate Electronics, Inc. announced today that it is rescheduling its fourth quarter and annual earnings release and conference call for April 8, 2004. Difficulties encountered with the company's new management information system have delayed the preparation of the company's year-end financial statements. The company expects to release its fourth quarter and annual earnings results on the morning of April 8, 2004 and to hold its conference call at 11:00 a.m. Eastern Time on the day of the release, which will be broadcast live on the Internet. Ultimate Electronics' news releases, quarterly sales and operating results can be found on the Internet on the company's web site at http://www.ultimateelectronics.com/ . The statements made in this news release, other than those concerning historical financial information, are forward-looking statements within the meaning ofthe Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based upon management's current expectations and beliefs concerning future developments and their potential effects upon the company. These forward-looking statements include statements regarding the timing of the company's earnings release and conference call. Actual results may differ materially from those included in the forward-looking statements due to a number of factors, including, but not limited to risks associated with the operation of our new management information system and other risk factors identified in the company's Annual Report on Form 10-K for the fiscal year ended January 31, 2003, filed with the Securities and Exchange Commission. Therecan be no assurance that future developments affecting the company will be those anticipated by management. The company disclaims any obligation to update or revise any of the forward-looking statements that are in this news release. About Ultimate Electronics, Inc. Ultimate Electronics is a leading specialty retailer of home entertainment and consumer electronics products in 14 states. The company operates 65 stores, including 54 stores in Arizona, Idaho, Illinois, Iowa, Kansas, Minnesota, Missouri, Nevada, New Mexico, Oklahoma, South Dakota, Texas and Utah under the trade name Ultimate Electronics(R), and 11 stores in Colorado under the trade name SoundTrack(R). In addition, the company operates Fast Trak, Inc., an independent electronics repair company based in Minnesota and a wholly owned subsidiary of Ultimate Electronics. For further information, please contact Alan E. Kessock, Chief Financial Officer of Ultimate Electronics, Inc., +1-303-801-4000. DATASOURCE: Ultimate Electronics, Inc. CONTACT: Alan E. Kessock, Chief Financial Officer of Ultimate Electronics, Inc., +1-303-801-4000 Web site: http://www.ultimateelectronics.com/ Company News On-Call: http://www.prnewswire.com/comp/877054.html

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