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.

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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.

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amzak. To find out more, visit
Sandvine online at http://www.

For further information , please contact Robert E.

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"It's
about adding new network intelligence that allows service providers to protect
their networks against malicious traffic, protect individual subscriber
quality of experience, prioritizing, and optimizing performance on broadband
applications they use every day . Sandvine's application and
subscriber-aware solutions empower service providers to take control of P2P
traffic, stop the proliferation of destructive worm, DoS and spam trojan
traffic and ensure subscriber quality of experience (QoE).-style
membership shopping warehouse clubs in Central America , the Caribbean, and the
Philippines, selling high quality merchandise at low prices to PriceSmart
members.S. Price, Interim Chief
Executive Officer at (858) 551-2336; or John M.

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com., New York City
time, on January 24, 2005.

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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.

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"We chose Sandvine's intelligent management solution to protect our
network and our subscribers against malicious traffic," said Daniel Hindelang,
Regional Manager, AMNET.

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About PriceSmart
PriceSmart, headquartered in San Diego, owns and operates U. Heffner, Executive Vice
President and Chief Financial Officer at (858) 404-8826.

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AMNET is the
dominant pay television operator in El Salvador and Costa Rica, in the last
six months acquired two cable companies in Honduras.

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"
"Sandvine provides more than just basic security, we endeavour to ensure
the overall network integrity of service provider networks," said Tom
Donnelly, executive vice president, marketing and sales for Sandvine. With over 100
deployments worldwide, Sandvine is protecting the Internet experience for more
than 20 million broadband subscribers worldwide. SAN DIEGO, PriceSmart, Inc. The $7 subscription period was to expire on January 21,
2005.S. 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).

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"

ABOUT AMNET
Privately-held Amzak International is the largest cable television and
data company in Central America, operating under the AMNET name.sandvine. PriceSmart now operates 26 warehouse clubs in 12 countries and one
U.

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http://www.

PriceSmart Announces Extension of $7 Rights Offering Exercise Period

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CABLE-TEC EXPO, San Antonio, Texas, June 16 - Sandvine
Incorporated , the world leader in intelligent broadband network management,
today announced that AMNET, leading cable Internet provider in Central
America, has selected Sandvine to protect the integrity of its broadband
network and subscriber quality of experience (QoE).

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AMNET selects Sandvine to protect network integrity and subscriber experience

With data operations also in Guatemala and Nicaragua, AMNET companies
service approximately 200,000 cable television, Internet, telephone and
corporate data clients in the region.

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AMNET is moving forward
towards its goal of being the preeminent cable television operator in Central
America.com

ABOUT SANDVINE
Sandvine's award-winning intelligent broadband network equipment helps
broadband service providers characterize what really happens on their
networks, enabling policies that improve customer satisfaction, reduce
operational costs and improve profitability. 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.
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.

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Central American based AMNET has selected Sandvine to mitigate the impact
of malicious traffic on subscribers, applications and its network. "Subscribers expect high quality of service from
their network connection and look to us to ensure their valuable applications
are protected and delivered at the optimal level of performance .

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Sandvine's award-winning solution empowers service providers with tools
to understand subscriber behaviour, protect subscriber applications from
malicious traffic, differentiate their services and ensure subscriber
satisfaction. Worms, spam
Trojan, DNS, DoS attacks, and bandwidth-intensive applications can degrade the
broadband experience for unprotected residential Internet users and result in
thousands to millions of dollars lost to network outages, customer support
costs, and unplanned network expenditures for broadband service providers. The expiration of the $8 subscription period is not affected by this
announcement. A registration statement relating to
these securities has been filed with and has been declared effective by the
Securities and Exchange Commission.