Exhibit 99.1 CompUSA Inc. The Computer Superstore Corporate Headquarters 14951 North Dallas Parkway Dallas, Texas 75240 www.compusa.com NEWS RELEASE ------------ FOR IMMEDIATE RELEASE - --------------------- CompUSA TO PURCHASE COMPUTER CITY --------------------------------- FROM TANDY CORPORATION ---------------------- DALLAS/FORTH WORTH, June 22_CompUSA Inc. (NYSE:CPU) and Tandy Corporation (NYSE:TAN) today jointly announced that the Companies have signed a definitive agreement for the purchase of Tandy's Computer City subsidiary by CompUSA. The purchase price is approximately $275 million, payable in a note and cash. The sale is subject to regulatory approval, normal due diligence and other conditions, and is anticipated to be completed within 90 days. This news release contains forward-looking statements about the business, financial condition, and prospects of the Companies, which statements involve risks and uncertainties including, but not limited to, economic conditions, product demand, competitive products and pricing, availability of products, the regulatory and trade environment, real estate market fluctuations and other risks indicated in the Companies' Securities and Exchange Commission filings and reports. In many cases the Companies /cont.......... CompUSA TO BUY COMPUTER CITY/page 2 - ----------------------------------- cannot predict the risks and uncertainties that could cause their actual results to differ materially from those indicated by the forward-looking statements. -30- COMPUSA CONTACTS: TANDY CONTACTS: - ------------------------ ------------------------------ INVESTOR RELATIONS: INVESTOR RELATIONS: James E. Skinner Martin O. Moad E.V.P. & CFO Tandy V.P./Investor Relations (972) 982-4000 (817) 415-3730 J. Robert Gary MEDIA: CompUSA V.P./Finance Lou Ann Blaylock (972) 982-4000 Tandy V.P./Corporate Relations (817) 415-4955 Stacie Shirley CompUSA Dir./Investor Relations (972) 982-5323 MEDIA: Carol Elfstrom CompUSA Dir./Corporate Communications (972) 982-4181