HLYW Hollywood Entertainment (MM)

Hollywood Entertainment Sets February 16 Record Date for Shareholders Eligible to Vote on Proposed Merger With Movie Gallery PORTLAND, Ore., Feb. 10 /PRNewswire-FirstCall/ -- Hollywood Entertainment Corporation (NASDAQ:HLYW) today announced that February 16, 2005 is the record date for determination of shareholders entitled to receive notice of, and vote at, a special meeting to be held relating to its previously announced merger agreement with Movie Gallery, Inc. (NASDAQ:MOVI). A date for the special meeting has not yet been set. Additional Information The proxy statement that Hollywood plans to file with the SEC and mail to its shareholders will contain information about Hollywood, Movie Gallery, the proposed merger and related matters. Shareholders are urged to read the proxy statement carefully when it is available, as it will contain important information that shareholders should consider before making a decision about the merger. In addition to receiving the proxy statement and a white proxy card from Hollywood by mail, shareholders will also be able to obtain the proxy statement, as well as other filings containing information about Hollywood, without charge, from the SEC's website (http://www.sec.gov/) or, without charge, from Hollywood. The proxy statement will also be available from MacKenzie Partners, Inc. by calling (800) 322-2885 toll-free or by email request to: . This announcement is neither a solicitation of proxy, an offer to purchase nor a solicitation of an offer to sell shares of Hollywood. Hollywood and its executive officers and directors may be deemed to be participants in the solicitation of proxies from Hollywood's shareholders with respect to the proposed merger. Information regarding any interests that Hollywood's executive officers and directors may have in the transaction with Movie Gallery will be set forth in the proxy statement. DATASOURCE: Hollywood Entertainment Corporation CONTACT: Daniel Burch, +1-212-929-5748, or Larry Dennedy, +1-212-929-5239, or Bob Marese, +1-212-929-5405, all of Hollywood Entertainment

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