Circuit City Stores, Inc. Agrees to Acquire InterTAN, Inc. for $14 Per Share


Accretive Transaction Will Establish Canadian Foothold for Circuit City, Enhance
Circuit City Product Assortments and Create Purchasing Synergies for Both Companies



Richmond,  Va.,  March 31,  2004 -  Circuit  City  Stores,  Inc.  (NYSE:CC)  and
InterTAN, Inc. (NYSE:ITN) have signed a definitive agreement under which Circuit
City will acquire  InterTAN,  a leading  consumer  electronics  retailer of both
private-label and internationally  branded products with headquarters in Barrie,
Ontario,  in a  cash  tender  offer  for  $14  per  InterTAN  common  share,  or
approximately $284 million.

The  boards  of  directors  of  both  companies  have  voted  in  favor  of  the
transaction.  Under the terms of the  agreement,  Circuit  City will  commence a
tender offer to acquire all  outstanding  shares of InterTAN  common stock.  The
tender offer will be  conditioned  upon at least a majority of the fully diluted
shares being  tendered.  If  successful,  the tender offer will be followed by a
merger in which the  holders of the  remaining  outstanding  shares of  InterTAN
common stock will receive $14 per share in cash.  The  transaction is contingent
upon  customary  closing  conditions,  including  regulatory  and other standard
approvals.

Upon completion of the tender offer,  expected in the second calendar quarter of
2004,  InterTAN  will become a subsidiary  of Circuit  City,  with its operating
headquarters in Barrie.  InterTAN  operates through more than 980 company retail
stores and dealer outlets in Canada under the trade names RadioShack(R),  Rogers
Plus(R) and  Battery  Plus(R).  InterTAN  uses the trade name  RadioShack(R)  in
Canada under license from RadioShack  Corporation.  RadioShack  Corporation spun
off and divested its ownership interest in InterTAN in 1987.  RadioShack-branded
merchandise  accounted for only 9.5 percent of InterTAN's inventory purchases in
the fiscal year ended June 30, 2003.

InterTAN's  merchandise  assortment  includes  a variety  of  private-label  and
internationally   branded   products.   Categories   include   small  parts  and
accessories;  batteries;  wireless communication products and services;  digital
cameras and accessories;  personal electronics;  computer hardware, software and
related services;  video game hardware and software;  electronic toys; and other
electronic  gadgets.  Circuit City plans to introduce  InterTAN's  private-label
products into its Circuit City Superstores by fall 2004.

In addition to enabling Circuit City to accelerate the offering of private-label
merchandise to its customers,  the transaction  will give Circuit City its first
presence in the Canadian  market.  InterTAN  will  continue to offer its product
line  through  its retail  stores and dealer  outlets in Canada in  addition  to
obtaining an entry for their private-label products into the U.S. market via the
new merchandising  initiatives in the Circuit City Superstores.  The combination
of the two  companies  will  create  inventory  purchasing  synergies  for both.
"InterTAN will bring to Circuit City a management  team with extensive  sourcing
experience in  private-label  merchandise  and creative  in-store  merchandising
capabilities," said W. Alan McCollough,  Circuit City's chairman,  president and
chief executive  officer.  "We believe that this  transaction  will enable us to
quickly  expand the  offering in our Circuit  City  Superstores  and further our
efforts to provide complete consumer electronics solutions to our customers.  In
addition, we are excited to enter the Canadian market through a company that has
a proven track record. We have a great deal of respect for InterTAN's management
and Associates,  and we do not expect to make any changes in InterTAN's Canadian
operations."  Brian E. Levy,  president and chief executive officer of InterTAN,
Inc., will continue to lead the InterTAN business, reporting to McCollough after
the transaction closes.

"This transaction offers clear value to our shareholders," said McCollough.  "We
expect it to be accretive beginning in the current fiscal year."

"We are very excited with the potential of our  association  with Circuit City,"
said Levy. "Our two companies'  strengths complement one another, and we believe
this  transaction  represents  a great  opportunity  for  both  our team and our
shareholders."

Banc of America  Securities  LLC is serving as the financial  advisor to Circuit
City, and Scotia Capital Inc. is serving as InterTAN's financial advisor.

Conference Call Information
Circuit City will host a conference call for investors at 11:00 a.m. ET today to
discuss this  announcement and fourth quarter and fiscal 2004 results.  Domestic
investors  may  access  the call at (800)  299-0433  (passcode:  Circuit  City).
International investors may access the call at (617) 801-9712 (passcode: Circuit
City). A live Web cast of the conference call will be available on the company's
investor  information  home  page  at  http://investor.circuitcity.com   and  at
www.streetevents.com.

A replay of the call will be available  beginning at approximately  5:00 p.m. ET
March 31 and will be available through midnight April 7. Domestic  investors may
access the recording at (888)  286-8010,  and  international  investors may dial
(617) 801-6888. The access code for the replay is 27257013. A replay of the call
also will be available on the Circuit City investor information home page and at
www.streetevents.com.

About Circuit City Stores, Inc.
With headquarters in Richmond,  Va., Circuit City Stores, Inc. puts the customer
first  with  high-quality  service  and more  than  5,000  consumer  electronics
products available in its stores and online at www.circuitcity.com. Top-quality,
low-priced products; detailed product information;  and product specialists, who
complete  extensive  online  and  in-store  training  programs,  are all part of
Circuit City's promise to provide superior consumer electronics solutions to its
customers.  Circuit City's store  revitalization  program  reflects the changing
needs of consumer electronics  shoppers,  the stores are brighter and more open,
the aisles are wider and virtually  every  product  Circuit City sells is on the
sales floor for easy  customer  access.  Circuit City  operates 599 Circuit City
Superstores and five mall-based stores in 157 markets.


About InterTAN, Inc.
InterTAN,  Inc., headquartered in Barrie, operates through more than 980 company
retail stores and dealer outlets in Canada under the trade names  RadioShack(R),
Rogers Plus(R) and Battery Plus(R).

Circuit City Cautionary  Statement  Regarding  Forward-Looking  Information
This release contains forward-looking statements, which are subject to risks and
uncertainties,  including without limitation statements regarding the timing and
ultimate  completion of the proposed  acquisition  of InterTAN;  Circuit  City's
ability to integrate and operate  InterTAN  successfully;  InterTAN's  projected
operating  results;  successful  introduction  of the  InterTAN  product line in
Circuit City  Superstores;  anticipated  cash flow;  realization  of  purchasing
synergies;   general  economic  conditions  and  normal  business   uncertainty.
Additional  discussion  of factors  that could  cause  actual  results to differ
materially from management's projections,  forecasts, estimates and expectations
is set forth under Management's Discussion and Analysis of Results of Operations
and  Financial  Condition  in the Circuit City Stores,  Inc.  Annual  Report for
fiscal  2003 and  Quarterly  Report on Form 10-Q for the  fiscal  quarter  ended
November 30, 2003,  and in the  company's  other SEC filings.  A copy of Circuit
City's   annual   report   is   available   on  the   company's   Web   site  at
www.circuitcity.com.  Please refer to InterTAN's  annual report on Form 10-K for
the fiscal year ended June 30, 2003, for discussion of factors that could affect
InterTAN's results of operations and financial condition.

Additional Information
This announcement is neither an offer to purchase nor a solicitation of an offer
to sell securities of InterTAN. At the time the offer is commenced, Circuit City
will  file a  tender  offer  statement  with the U.S.  Securities  and  Exchange
Commission and InterTAN will file a  solicitation/recommendation  statement with
respect to the offer.  Investors and InterTAN  stockholders are strongly advised
to read the tender offer  statement  (including an offer to purchase,  letter of
transmittal     and    related    tender     documents)    and    the    related
solicitation/recommendation   statement  because  they  will  contain  important
information. These documents will be made available to all InterTAN stockholders
at no expense to them and, when  available,  may be obtained at no charge at the
SEC's Web site at www.sec.gov.

                                       ###

Contact: Bill Cimino, Director of Corporate Communications, 804-418-8163
         Jessica Simmons, Investor Relations, 804-527-4038
         Virginia Watson, Investor Relations, 804-527-4033