BLOCKBUSTER CANADA CONTINUES TO SERVE ITS CUSTOMERS AS PROCESS BEGINS FOR THE SALE OF ITS US PARENT

TORONTO, Feb. 21 /CNW/ - Blockbuster Canada Co. provided the following comment in response to an announcement earlier today by its U.S. parent, Dallas-based Blockbuster Inc., that it has initiated a process to sell Blockbuster Inc.

Barry Guest, Vice President and General Manager of Blockbuster Canada, said, "It will be business as usual in Canada throughout this sale process. Our doors will be open, our stores fully staffed and our shelves stocked. Canadians can continue to count on Blockbuster Canada for the best selection in movies and games as well as our great customer service at over 400 convenient locations nationwide."

"We are monitoring Blockbuster Inc.'s sale closely and expect that on completion of that process, Blockbuster Canada will move forward under new ownership that has a clear and focused vision for our future," said Mr. Guest

If approved by a U.S. Court, the sale process for Blockbuster Inc. would be an auction under which interested parties would submit binding offers within approximately 30 days of the Court's approval to acquire Blockbuster Inc. and its subsidiaries, including Blockbuster Canada. Blockbuster Inc. believes this represents the best means of maximizing value for its stakeholders.

For more information on Blockbuster Inc.'s announcement, please visit www.blockbuster.com/recapitalization.

About Blockbuster Canada
Blockbuster Canada is an indirect subsidiary of Blockbuster Inc., with 419 stores across Canada.  Blockbuster Inc. is a leading global provider of in-home movie and game entertainment, with stores throughout the Americas, Europe, Asia and Australia. Blockbuster Canada may be accessed nationally at blockbuster.ca. Blockbuster Inc. may be accessed worldwide at blockbuster.com.

SOURCE Blockbuster Video Canada

For further information:

David Ryan
Longview Communications
416 669 7906
dryan@longviewcomms.ca
        Nick Anstett
Longview Communications Inc.
416 315 0191
nanstett@longviewcomms.ca

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Blockbuster Video Canada

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