Significant Recent Development
On March 29, 2004, the Company announced the signing of a definitive merger agreement with an affiliate of Leonard Green & Partners, L.P. The closing of the transaction is subject to certain terms and conditions customary for transactions of this type, including shareholder approval, receipt of antitrust clearance and the completion of financing. The Company will solicit shareholder approval by means of a proxy statement, which will be mailed to Hollywood shareholders upon the completion of the required Securities and Exchange Commission filing and review process. As a result of this significant recent development, the Company will not be issuing a separate press release regarding first quarter results of operations, nor will it be hosting an investor call to review first quarter results of operations.