PriceSmart Announces February Sales and Property Acquisition for New Warehouse Club in Honduras; Second Quarter Earnings Release

PriceSmart Announces February Sales and Property Acquisition for New Warehouse 
Club in Honduras; Second Quarter Earnings Release Dates
Also Announced 
SAN DIEGO, CA -- (Marketwire) -- 03/07/13 --  PriceSmart, Inc.
(NASDAQ: PSMT) today announced that for the month of February 2013,
net sales increased 7.8% to $164.7 million from $152.8 million in
February a year earlier. February had 28 days in the current year
compared to 29 days in 2012. For the six months ended February 28,
2013, net sales increased 10.9% to $1,115.5 million from $1,005.8
million in the same period last year. There were 30 warehouse clubs
in operation at the end of February 2013 compared to 29 warehouse
clubs in operation in February 2012. 
For the five weeks ended March 3, 2013, comparable warehouse sales
for the 29 warehouse clubs open at least 13 1/2 full months increased
8.9% compared to the same five-week period last year. For the
twenty-six-week period ended March 3, 2013, comparable warehouse
sales increased 8.8% compared to the comparable twenty-six-week
period a year ago. 
The Company also announced that in February it acquired approximately
21,200 square meters of land located in southern Tegucigalpa,
Honduras, upon which PriceSmart plans to construct its third
Membership Warehouse Club in Honduras. PriceSmart currently
anticipates opening the southern Tegucigalpa club in the spring of
2014. PriceSmart entered the Honduras market thirteen years ago and
is currently operating two PriceSmart Membership Warehouse Clubs in
Honduras, pending the opening of this planned third Club. 
PriceSmart plans to release second quarter fiscal year 2013 financial
results on Tuesday, April 9, 2013. PriceSmart management plans to
host a conference call at 12:00 p.m. Eastern time (9:00 a.m. Pacific
time) on Wednesday, April 10, 2013, to discuss the financial results. 
Individuals interested in participating in the conference call may do
so by dialing (888) 364-3109 toll free, and entering participant code
1318246.  
A digital replay will be available through April 30, 2013, following
the conclusion of the call by dialing (888) 203-1112 for domestic
callers, or (719) 457-0820 for international callers, and entering
relay passcode 1318246. 
About PriceSmart  
PriceSmart
, headquartered in San Diego, owns and operates U.S.-style
membership shopping warehouse clubs in Latin America and the
Caribbean, selling high quality merchandise at low prices to
PriceSmart members. PriceSmart now operates 30 warehouse clubs in 12
countries and one U.S. territory (five in Costa Rica; four each in
Panama and Trinidad; three each in Guatemala and the Dominican
Republic; two each in Colombia, El Salvador, and Honduras; and one
each in Aruba, Barbados, Jamaica, Nicaragua and the United States
Virgin Islands).  
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. These forward-looking
statements include, but are not limited to, statements containing the
words "expect," "believe," "will," "may," "should," "project,"
"estimate," "anticipated," "scheduled," and like expressions, and the
negative thereof. These statements are subject to risks and
uncertainties that could cause actual results to differ materially,
including the following risks: the Company's financial performance is
dependent on international operations which exposes the Company to
various risks; any failure by the Company to manage its widely
dispersed operations could adversely affect its business; the Company
faces significant competition; future sales growth could be dependent
upon the Company acquiring suitable sites for additional warehouse
clubs; the Company faces difficulties in the shipment of, and risks
inherent in the acquisition and importation of, merchandise to its
warehouse clubs; the Company is exposed to weather and other natural
disaster risks; general economic conditions could adversely impact
the Company's business in various respects; the Company is subject to
changes in relationships and agreements with third parties with which
the Company does business; a few of the Company's stockholders own
nearly 30.4% of the Company's voting stock, which may make it
difficult to complete some corporate transactions without their
support and may impede 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 rates; 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;
although the Company takes steps to continuously review, enhance, and
implement improvements to its internal controls, there may be
material weaknesses or significant deficiencies that the Company has
not yet identified; as well as the other risks detailed in the
Company's U.S. Securities and Exchange Commission ("SEC") reports,
including the Company's Annual Report on Form 10-K for the fiscal
year ended August 31, 2012, filed pursuant to the Securities Exchange
Act of 1934 on October 30, 2012. 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.  
Contact 
John M. Heffner
Principal Financial Officer and Principal Accounting Officer 
(858) 404-8826