News Release

Circuit City and Verizon Wireless Expand Relationship; Plan to Launch New Store Concept

Verizon Wireless to Operate Store-within-a-store Concept

August 29, 2004

Brenda Raney
Brenda.Raney@VerizonWireless.com
908-306-4834Bill Cimino
Circuit City
804-418-8163

BEDMINSTER, NJ and RICHMOND, VA — Circuit City Stores, Inc. and Verizon Wireless today announced they have signed an exclusive agreement to create a Verizon Wireless store within each of more than 570 Circuit City Superstores around the country. Verizon Wireless will operate the Verizon Wireless stores and be responsible for the employees, wireless and wireless-related inventory, displays and signage.

Circuit City shoppers will be able to enjoy the same great features they would find in Verizon Wireless Communications Stores, including account look up, bill pay and other benefits previously only available at Verizon Wireless Communications stores -- such as the New Every TwoSM plan that offers customers a $100 credit toward the purchase of a new phone when they renew their two-year contract. Verizon Wireless offers a wide array of wireless services, including America's ChoiceSM national calling plans, Family SharePlansSM, TXT Messaging, NationalAccess and BroadbandAccess wireless Internet service, MobileWeb 2.0SM and Get It Now®, the virtual shopping mall of services offering hundreds of applications for download including games, ringtones, productivity tools and more.

The rollout will begin in September and will be completed by November. Verizon Wireless signs will be displayed on the exterior of each Circuit City Superstore that has a Verizon Wireless store inside.

About Circuit City Stores, Inc.
Richmond, Va.-based Circuit City Stores (NYSE: CC) is a leading specialty retailer of consumer electronics. Circuit City operates 604 Superstores and five mall-based stores in 158 U.S. markets. Its subsidiary, InterTAN, Inc., operates through more than 1,000 retail stores and dealer outlets in Canada. Circuit City also operates a Web site at www.circuitcity.com.  

About Verizon Wireless
Verizon Wireless is the nation's leading provider of wireless communications. The company has the largest nationwide wireless voice and data network and 40.4 million customers. Headquartered in Bedminster, N.J., Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE and LSE: VOD). Find more information on the Web at www.verizonwireless.com. To receive broadcast-quality video footage of Verizon Wireless operations, log onto www.thenewsmarket.com/verizonwireless.  

####