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ULTIMATE ELECTRONICS INC. ANNOUNCES PUBLIC OFFERING

 DENVER, Oct. 15 /PRNewswire/ -- Ultimate Electronics Inc. (NASDAQ: ULTE) announced the commencement of its public offering of 2,000,000 shares of common stock at $8.50 per share. All shares are being offered by the company. Piper Jaffray Inc. is the managing underwriter for the offering.
 Proceeds to the company, which operates under the name of SoundTrack in Colorado and will operate as Ultimate Electronics outside of the state, will be used to finance new store openings in Utah and a relocation of up to three of its existing Colorado stores, to pay an S corporation distribution to stockholders, to repay debt and for general corporate purposes. Prior to the offering, Ultimate Electronics had 3,200,000 shares of common stock outstanding.
 Ultimate Electronics is a specialty retailer of home entertainment and consumer electronics in the Rocky Mountain region.
 This announcement is neither an offer to sell nor a solicitation for an offer to buy any of these securities. The offer is made only pursuant to the prospectus.
 -0- 10/15/93
 /CONTACT: Alan E. Kessock, VP-Finance and Administration of Ultimate Electronics Inc., 303-420-1366/
 (ULTE)


CO: Ultimate Electronics Inc. ST: California IN: CPR SU: OFR

EH-MF -- LA013 -- 2708 10/15/93 11:39 EDT
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Publication:PR Newswire
Date:Oct 15, 1993
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