Movie Gallery Announces Additional Changes to Management

DOTHAN, Ala., June 20 /PRNewswire/ -- Movie Gallery, Inc. ("Movie
Gallery") today announced that Bo Loyd has resigned as Executive Vice
President and Chief Merchandising Officer. Sherif Mityas, the Chief Operating
Officer and President of Retail Operations, will assume Mr. Loyd's
responsibilities.
"I would like to thank Bo for his hard work and dedication to the Movie
Gallery brands," said C.J. "Gabe" Gabriel, Chief Executive Officer of Movie
Gallery. "We have benefited from Bo's business acumen and appreciate his
contributions that have helped make Movie Gallery what it is today. On behalf
of the Board and the Company, we offer him our gratitude and best wishes in
his future endeavors."
About Movie Gallery
The Company is the second largest North American video rental company with
approximately 3,300 stores located in all 50 U.S. states and Canada operating
under the brands Movie Gallery, Hollywood Video and Game Crazy. Since Movie
Gallery's initial public offering in August 1994, the Company has grown from
97 stores to its present size through acquisitions and new store openings. For
more information about the Company, please visit our website:
www.moviegallery.com.
Forward-looking Statements
This press release, as well as other statements made by Movie Gallery may
contain forward-looking statements within the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995, that reflect, when made, the
Company's current views with respect to current events and financial
performance. Such forward-looking statements are and will be, as the case may
be, subject to many risks, uncertainties and factors relating to the Company's
operations and business environment, which may cause the actual results of the
Company to be materially different from any future results, express or
implied, by such forward-looking statements. Factors that could cause actual
results to differ materially from these forward-looking statements include,
but are not limited to, the following: (i) the risks and uncertainties
associated with the ability to successfully implement Movie Gallery's Second
Amended Plan of Reorganization, as confirmed; (ii) the ability of the Company
to operate subject to the terms of the Company's existing financing
obligations; (iii) the direct or indirect effects on our business of our
impaired credit; (iv) the ability of the Company to obtain and maintain normal
terms with vendors and service providers; (v) the Company's ability to
maintain contracts and leases that are critical to its operations; (vi) the
ability of the Company to execute its business plans and strategy, including
the operational restructuring initially announced in 2007, and to do so in a
timely fashion; (vii) the ability of the Company to attract, motivate and/or
retain key executives and associates; (viii) general economic or business
conditions affecting the video and game rental and sale industry (which is
dependent on consumer spending), either nationally or regionally, being less
favorable than expected; (ix) increased competition in the video and game
rental and sale industry; and (x) effects of the application of laws or
regulations, including changes in laws or regulations or the interpretation
thereof. Other risk factors are listed from time to time in the Company's
Annual Report on Form 10-K for the year ended December 31, 2006 and subsequent
reports filed with the Securities and Exchange Commission. Movie Gallery
disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events and/or
otherwise.
Contacts:
Analysts and Investors: Ted Ceglia, Movie Gallery, Inc., 503-570-1950
Media: Andrew B. Siegel or Meaghan A. Repko of Joele Frank, Wilkinson
Brimmer Katcher, 212-355-4449
SOURCE Movie Gallery, Inc.

Analysts and Investors: Ted Ceglia, Movie Gallery, Inc., +1-503-570-1950;
Media: Andrew B. Siegel or Meaghan A. Repko, both of Joele Frank, Wilkinson
Brimmer Katcher, +1-212-355-4449, for Movie Gallery, Inc.