m.A."

About PriceSmart
PriceSmart, headquartered in San Diego , owns and operates U. Lucia

Bolivia

Guatemala

St.

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A registration statement relating to
these securities has been filed with and has been declared effective by the
Securities and Exchange Commission.
Speaking for PriceSmart, Inc., Robert E.
territory (four each in Panama and the Philippines; three in Costa Rica; two
each in Dominican Republic, El Salvador, Guatemala , Honduras, and Trinidad;
and one each in Aruba, Barbados, Jamaica, Nicaragua and the United States
Virgin Islands). We assume no
obligation and expressly disclaim any duty to update any forward -looking
statement to reflect events or circumstances after the date of this
presentation or to reflect the occurrence of unanticipated events. Heffner, Executive Vice President
and Chief Financial Officer (858) 404-8826.com/reports/c12482) has
announced the addition of Telecom market Liberalisation Status and Key
Players - Americas to their offering
This innovative report will give telecom managers around the world
an immediate picture of the regions' telecom market liberalisation
status.

panama costa

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PriceSmart Announces Extension of $7 Rights Offering Exercise Period

Countries Mentioned:

Antigua and Barbuda

Dominica

Panama

Argentina

Dominican Rep.

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PriceSmart Mexico Business to Close

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Heffner, Executive Vice
President and Chief Financial Officer at (858 ) 404-8826.

Business Editors/High-Tech Writers/Telecommunications Writers

DUBLIN, Ireland ----Research and
Markets (http://www. The first part of this report will provide you with an outlook
of the liberalisation status of each of the region's 42 countries also
identifying crucial information such as VoIP liberalisation.

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PriceSmart is extending the $7 subscription
period because it would like to give its rights holders an opportunity to
review this prospectus supplement before making a decision to exercise rights
at a price of $7.V.
de C.V. These forward-looking statements include , but are
not limited to, statements containing the words "expect," "believe," "will,"
"may," "should," "project," "estimate," "scheduled," and like expressions, and
the negative thereof.

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Price , Interim Chief
Executive Officer at (858) 551-2336; or John M.S.

Research and Markets: Telecom Market Liberalisation Status and Key Players - Americas

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(Nasdaq: PSMT) today announced that it has extended the period in which
holders of its rights to purchase PriceSmart common stock issued pursuant to
its previously announced rights offering may subscribe for its common stock at
a price of $7 per share., New York City
time, on January 24, 2005.-style
membership shopping warehouse clubs in Central America, the Caribbean, and the
Philippines, selling high quality merchandise at low prices to PriceSmart
members.A. The joint venture will continue to have real estate assets
and is evaluating various business strategies associated with those assets,
including leasing, selling or further commercial development of the sites. The
following telecom sectors are covered:

- Fixed Local

- Fixed National

- Fixed International

- Mobile

- Data

- Internet

- VoIP

The second section of the report will provide you with an
extensive list of over 330 of the region's main fixed, mobile and
Internet players with links to their respective web site, this on a
country per country basis.

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have decided to close the warehouse club operations of PSMT Mexico, S.
de C.

Kitts and Nevis

Bermuda

Guadeloupe

St.

marathon panama

and that going forward the
elimination of losses from the Mexico operations will have a positive impact
on the Company's future operating results.-style
membership shopping warehouse clubs in Central America, the Caribbean, and
Asia, selling high quality merchandise at low prices to PriceSmart members. Links to each of the regulators is
provided.researchandmarkets.

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(Nasdaq: PSMT) today announced that Grupo Gigante S.
PSMT Mexico, S.V.

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A.com/reports/c12482

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The expiration of the $8 subscription period is not affected by this
announcement. SAN DIEGO, PriceSmart, Inc . de C.

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PriceSmart has extended the $7 subscription period
by one business day such that it will now expire at 5:00 p. The $7 subscription period was to expire on January 21,
2005.

This press release may contain forward-looking statements concerning the
Company's anticipated future revenues and earnings, adequacy of future cash
flow and related matters. Vincent and the Grenadines

Brazil

Guyana

Suriname

Canada

Haiti

Trinidad

Tobago

Cayman Island

Honduras

Turk and Caicos

Chile

Jamaica

United States

Colombia

Martinique

Uruguay

Costa Rica

Mexico

Venezuela

Cuba Nicaragua

For more information visit
http://www.

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A.V.

marathon cycling

Paraguay

Bahamas

Ecuador

Peru

Barbados

El Salvador

Puerto Rico

Belize

Grenada

St.

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PriceSmart now operates 26 warehouse clubs in 12 countries and one U.

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For further information, please contact Robert E. is a 50/50 joint venture of Grupo Gigante S. and PriceSmart, Inc . These statements are subject to risks and uncertainties
that could cause actual results to differ materially, including the following
risks: the Company had a substantial loss in fiscal 2003, in fiscal 2004 and
the first quarter of fiscal 2005 and may continue to incur losses in future
periods; the Company is required to comply with financial covenants governing
its outstanding indebtedness and is out of compliance with certain covenants,
which gives lenders the right to accelerate the Company's indebtedness; the
Company's financial performance is dependent on international operations; any
failure by the Company to manage its widely dispersed operations could
adversely affect its business; although the Company has taken steps to
significantly improve its internal controls, there may be material weaknesses
or significant deficiencies that the Company has not yet identified; the
Company is currently defending litigation relating to its financial
restatement; the Company faces significant competition; the Company may
encounter difficulties in the shipment of and inherent risks in the
importation of merchandise to its warehouse clubs; the success of the
Company's business requires effective assistance from local business people;
the Company is exposed to weather and other risks associated with
international operations; declines in the economies of the countries in which
the Company operates its warehouse clubs would harm its business; a few of the
Company's stockholders have control over the Company's voting stock, which
will make it difficult to complete some corporate transactions without their
support and may prevent a change in control; the loss of key personnel could
harm the Company's business; the Company is subject to volatility in foreign
currency exchange; the Company faces the risk of exposure to product liability
claims, a product recall and adverse publicity; a determination that the
Company's long-lived or intangible assets have been impaired could adversely
affect the Company's future results of operations and financial position; and
the Company faces increased costs and compliance risks associated with Section
404 of the Sarbanes-Oxley Act of 2002; as well as the other risks detailed in
the Company's SEC reports, including the Company 's Form 10-Q filed pursuant to
the Securities Exchange Act of 1934 on January 14, 2005.

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This announcement is neither an offer to sell nor a solicitation of an
offer to buy, nor shall there be any sale of these securities in any state or
foreign jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
such state or foreign jurisdiction.S. Price, Interim Chief
Executive Officer (858) 551-2336; or John M .

panama central

PriceSmart now operates 26 warehouse clubs in 12 countries and one
U. de C. and currently operates 3 membership warehouse
clubs in Mexico. Price, PriceSmart's Chairman and
Interim Chief Executive Officer said, "Based on current financial projections
management believes that the closing of the Mexico operation should not result
in any significant book loss for PriceSmart, Inc.researchandmarkets .

aventuras casinos

SAN DIEGO, PriceSmart, Inc. On January 18, 2005, PriceSmart intends to mail to
its rights holders of record as of January 14, 2005, a prospectus supplement
comprised of PriceSmart's Quarterly Report on Form 10-Q for the quarterly
period ended November 30, 2004.

About PriceSmart
PriceSmart, headquartered in San Diego, owns and operates U. territory (four each in Panama and the Philippines; three in Costa Rica;
two each in Dominican Republic, El Salvador, Guatemala, Honduras , and
Trinidad; and one each in Aruba, Barbados, Jamaica, Nicaragua and the United
States Virgin Islands).

belize motorcycle

and PriceSmart,
Inc. The closure is expected to be completed by February 28, 2005.

For further information, please contact Robert E.