Ultimate Electronics, Inc. Announces 1st Quarter Financial Results

Business Wire, May 27, 2004

Business Editors

THORNTON, Colo.--(BUSINESS WIRE)--May 27, 2004

Ultimate Electronics (NASDAQ:ULTE), a leading specialty retailer of consumer electronics and home entertainment products located in the Rocky Mountain, Midwest, and Southwest regions of the United States, will hold its quarterly conference call to discuss 1st quarter results on June 03, 2004, at 11:00 a.m. Eastern Time (9 a.m. Mountain Time). Dial in number is (703) 639-1113, participant passcode 476638.

This call is being webcast by CCBN and can be accessed at Ultimate Electronics, Inc.'s web site at www.ultimateelectronics.com.

The webcast is also being distributed over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at www.companyboardroom.com or by visiting any of the investor sites in CCBN's Individual Investor Network. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (www.streetevents.com).

About Ultimate Electronics, Inc. (NASDAQ:ULTE) 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), 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 Colorado and a wholly owned subsidiary of Ultimate Electronics. During the past two years, the Company received numerous industry awards including Audio Video International's 2002 "Top 10 Audio/Video Retailer of the Year."