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Panasonic and Technics DVD-Audio Players Available July 1

``Good Guys' customer base of early adopters and tech-savvy consumers, who have enthusiastically embraced our DVD-Video products, is the ideal audience for our cutting-edge DVD-Audio line,'' said Gene Kelsey, vice president and general manager of Panasonic. ``DVD-Audio offers the closest thing to truly pure sound and, with the support of premier specialty retailers like Good Guys, will set a new global standard for music.''

Initially, Good Guys will offer the Panasonic DVD-A7 and the Technics DVD-A10 DVD-Audio players. The DVD-Audio format leverages the data capacity of DVD and linear Pulse Code Modulation (PCM) to provide unparalleled sound fidelity. PCM offers ultra hi-fi (up to 192kHz/24-bit) 2-channel audio or up to 6 channels of hi-fi multi-channel sound with 74 minutes or more of playtime on a CD-size disc. DVD-Audio players can also play DVD-Video discs and compact discs.

``DVD-Audio is a clear advancement in home theater entertainment and we are thrilled to be among the first to offer Panasonic's leading-edge products,'' said Cathy A. Stauffer, vice president of merchandising, Good Guys. ``The addition of DVD-Audio to our expanding selection of mid to high-end consumer entertainment electronics will expose our customers to the full range of digital products and provide them with the opportunity to create the ultimate home theater system using next generation audio and video technology.''

Good Guys currently carries a broad range of Panasonic's audio, video, television and mobile electronics products and is one of the largest specialty retailers of Panasonic consumer electronics in North America.

Panasonic and Technics brand products are marketed in the United States by Panasonic Consumer Electronics Company (PCEC), a division of Matsushita Electric Corporation of America (MECA). MECA is the principal North American subsidiary of Matsushita Electric Industrial Co., Ltd. (NYSE: MC), of Japan, one of the world's largest producers of electronic and electric products for consumer, business and industrial use. (Consumers seeking more information on the company's products can call Panasonic's Customer Call Center at 800-211-PANA or access Panasonic's home page at www.panasonic.com. Media interested in Panasonic press releases can gain information via the Panasonic Web site or through the toll free fax back system at 888-734-7490.)

Good Guys is a leading specialty retailer of consumer entertainment electronics, offering a distinctive selection of fully featured digital and high-tech products from more than 100 of the world's most respected manufacturers. Founded in 1973, Good Guys currently operates 79 stores in California, Nevada, Oregon and Washington. For more information, visit www.goodguys.com.

SOURCE: Good Guys