RadioShack Corporation Reviews 2009 Financial and Operational Progress at Company's Annual Shareholders' Meeting

FORT WORTH, Texas, May 24 /PRNewswire-FirstCall/ -- RadioShack Corporation (NYSE: RSH), a leading national retailer of innovative mobile and technology products, services and accessories, held its annual meeting of shareholders today in Santa Monica, California.  Chairman and Chief Executive Officer Julian Day reviewed the company's 2009 accomplishments and outlined strategies for future growth and improvement.  

In his remarks to shareholders, Mr. Day stated, "In 2009, we made great strides in delivering on our top priorities to strengthen our financial position and enhance the quality of our operations.  In turn, our improved financial and operational performance has allowed us to focus our resources on revitalizing and contemporizing our brand, and positioned us to achieve continued success in our mobility, innovation, and service strategies.  

"We are pleased with the progress made in 2009 and are excited by the opportunities we see in sustaining growth in our wireless business, improving our other merchandise platforms, building our brand, and energizing our associates," Mr. Day said.  "We will continue to leverage our unique position in the marketplace and proven ability to connect our customers with the products and services that are right for their needs."

At the meeting, Mr. Day announced the Company's expanded partnership with Lance Armstrong and his foundation, LIVESTRONG, which fights to improve the lives of people affected by cancer.  The Company will introduce exclusive LIVESTRONG-branded products and accessories in all stores beginning in July.

Also during the meeting, Company shareholders elected seven directors to serve until the annual meeting of shareholders in May 2011.  The elected directors were Frank Belatti, managing partner, Equicorp Partners, LLC.; Daniel Feehan, president and CEO, Cash America International; H. Eugene Lockhart, partner, Diamond Castle Holdings; Jack Messman, private equity investor and consultant; Thomas Plaskett, chairman, Fox Run Capital Associates; Edwina Woodbury, president and CEO, The Chapel Hill Press, Inc.; and Julian Day.

In addition, company stockholders approved the appointment of PricewaterhouseCoopers to serve as the Company's independent registered public accounting firm for the 2010 fiscal year.  

Forward-Looking Statements

This press release contains or may contain forward-looking statements, as referenced in the Private Securities Litigation Reform Act of 1995 (the "Act").  These forward-looking statements reflect management's current views and projections regarding economic conditions, the retail industry environment and Company performance.  Factors that could significantly change results include, but are not limited to, sales performance, economic conditions, product demand, expense levels, competitive activity, interest rates, changes in the Company's financial condition, availability of products and other risks associated with the Company's vendors and service providers, the regulatory environment and factors affecting the retail category in general.  Additional information regarding these and other factors is described in the Company's filings with the SEC, including its most recent Annual Report on Form 10-K filed on Feb. 22, 2010.

About RadioShack Corporation

RadioShack is a leading national retailer of innovative mobile technology products and services, as well as products related to personal and home technology and power supply needs.  The Shack® offers consumers a targeted assortment of wireless phones and other electronic products and services from leading national brands, exclusive private brands and major wireless carriers, all within a comfortable and convenient shopping environment.  RadioShack employs approximately 35,000 people globally, including a team of friendly and helpful sales experts who are recognized for delivering the best customer service in the wireless industry. RadioShack's retail network includes 4,680 company-operated stores in the United States and Mexico, more than 550 wireless phone kiosks in the United States, and approximately 1,300 dealer outlets worldwide.  For more information on RadioShack Corporation, please visit www.radioshackcorporation.com; to purchase items online, please visit www.radioshack.com.

The Shack® is a registered trademark licensed by RadioShack Corporation.

SOURCE RadioShack Corporation

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