06.10.2005 17:45:00

GameStop and Electronics Boutique Stockholders Approve Merger; Strategic Acquisition Positions GameStop as a Leading Global Video Game Retailer

GameStop Corp. (NYSE:GME)(NYSE:GME.B) and ElectronicsBoutique Holdings Corp. (Nasdaq:ELBO) announced today thatstockholders, at separate stockholders' meetings of both companies,approved the business combination between GameStop and ElectronicsBoutique.

The companies expect the business combination to close on October8, 2005 and trading of Class A and Class B common stock of GSCHoldings Corp. (to be renamed GameStop Corp.) to begin on October 10,2005 on the New York Stock Exchange under the symbols "GME" and"GME.B", respectively.

"This merger combines two of the fastest-growing video gameretailers and positions GameStop for long-term leadership domesticallyand internationally," indicated R. Richard Fontaine, Chairman andChief Executive Officer of GameStop. "Bringing together GameStop andElectronics Boutique creates a wealth of growth opportunities, as wellas important cost and selling synergies maximizing stockholder value."

"We are proud of Electronics Boutique employees, whose world-classcapabilities have enabled us to deliver outstanding performance," saidJeffrey Griffiths, President and Chief Executive Officer ofElectronics Boutique Holdings Corp. "As we become one organization, Iam also pleased that our stockholders will have the opportunity toparticipate in GameStop's continued long-term growth in thisfast-growing specialty retail sector."

Additional Information about This Transaction

GSC Holdings Corp. has filed with the Securities and ExchangeCommission a Registration Statement on Form S-4 (Registration No.333-125161) containing a joint proxy statement-prospectus regardingthe proposed transaction involving GameStop and Electronics Boutique.GameStop and Electronics Boutique mailed the definitive joint proxystatement-prospectus to their respective security holders on or aboutSeptember 7, 2005. Investors are urged to read the definitive jointproxy statement-prospectus regarding the proposed transaction as itcontains important information. Stockholders may obtain a free copy ofthe definitive joint proxy statement-prospectus, as well as otherfilings containing information about GSC Holdings Corp., GameStopCorp. and Electronics Boutique Holdings Corp., without charge, at theSEC's Internet site at http://www.sec.gov. You may also obtain thesedocuments from the respective websites of each of GameStop andElectronics Boutique at http://www.gamestop.com/investor-relations andhttp://www.ebholdings.com. Copies of the definitive joint proxystatement-prospectus and the SEC filings that are incorporated byreference in the definitive joint proxy statement-prospectus can alsobe obtained, without charge, by directing a request to GameStop Corp.,625 Westport Parkway, Grapevine, Texas 76051, Attention: InvestorRelations, or to Electronics Boutique Holdings Corp., 931 SouthMatlack Street, West Chester, Pennsylvania 19382, Attention: InvestorRelations. This press release shall not constitute an offer to sell ora solicitation of an offer to purchase any securities, and shall notconstitute an offer, solicitation or sale in any state or jurisdictionin which such an offer, solicitation or sale would be unlawful.

About GameStop Corp.

Headquartered in Grapevine, Texas, GameStop Corp. (NYSE:GME)(NYSE:GME.B) is one of the nation's largest video game andentertainment software retailers. The company operates 1,980 retailstores throughout the 50 states, the District of Columbia, PuertoRico, Ireland and the United Kingdom, primarily under the GameStop(R)brand. In addition, the company owns a commerce-enabled Web property,GameStop.com, and Game Informer(R) magazine, a leading video andcomputer game publication.

GameStop Corp. sells the most popular new software, hardware andgame accessories for the PC and next generation video game systemsfrom Sony, Nintendo, and Microsoft. In addition, the company sellscomputer and video game magazines and strategy guides, action figuresand other related merchandise to more than 30 million customers.

General information on GameStop Corp. can be obtained via theInternet by visiting the company's corporate website:http://www.gamestop.com/investor-relations/.

About Electronics Boutique Holdings Corp.

Electronics Boutique, a Fortune 1000 company, is a leading globalretailer dedicated exclusively to video game hardware and software, PCentertainment software, accessories and related products. As of July30, 2005, the company operated 2,280 stores in the United States,Australia, Canada, Denmark, Finland, Germany, Italy, New Zealand,Norway, Puerto Rico, Spain and Sweden -- primarily under the names EBGames and Electronics Boutique. The company operates an e-commercewebsite at http://www.ebgames.com. Additional company information isavailable at http://www.ebholdings.com.

SAFE HARBOR

This press release contains forward-looking statements within themeaning of the Private Securities Litigation Reform Act of 1995. Suchstatements include, but are not limited to, statements about thebenefits of the business combination transaction involving GameStopand Electronics Boutique, including future financial and operatingresults, the new company's plans, objectives, expectations andintentions and other statements that are not historical facts. Suchstatements are based upon the current beliefs and expectations ofGameStop's and Electronics Boutique's management and are subject tosignificant risks and uncertainties. Actual results may differ fromthose set forth in the forward-looking statements.

The following factors, among others, could cause actual results todiffer from those set forth in the forward-looking statements: therisk that the businesses will not be integrated successfully; the riskthat the cost savings and any other synergies from the transaction maynot be fully realized or may take longer to realize than expected;disruption from the transaction making it more difficult to maintainrelationships with customers, employees or suppliers; and competitionand its effect on pricing, spending, third-party relationships andrevenues. Additional factors that could cause GameStop's andElectronics Boutique's results to differ materially from thosedescribed in the forward-looking statements can be found in the AnnualReports on Forms 10-K/A of GameStop and Electronics Boutique for thefiscal year ended January 29, 2005 filed with the SEC and available atthe SEC's Internet site at http://www.sec.gov.

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