3 million in April a year earlier.0 million in the same period last year. For the thirty-four weeks ended May
1, 2005, comparable warehouse sales for stores open at least 12 full months
increased 9.
PriceSmart now operates 26 warehouse clubs in 12 countries and one U.0% to $283.S.

ladino sound

com) today announced that for the month of
January 2005 , net sales increased 13.

About PriceSmart
PriceSmart, headquartered in San Diego, owns and operates U.-style
membership shopping warehouse clubs in Central America, the Caribbean , and
Asia, selling high quality merchandise at low prices to PriceSmart members.

central rica

PRESS RELEASE PriceSmart Announces April Sales

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.3% compared to the
same four-week period last year.

salvador years

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). Certain
prior period amounts have been reclassified to conform to the current period
presentation.

sound styles

(NASDAQ: PSMT) today
announced that for the month of April 2005, net sales increased 16.S.

honduras nicaragua

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. SAN DIEGO, PriceSmart, Inc.0% to $51.

For further information, please contact Robert E.

labels photography

salvador honduras

For the eight
months ended April 30, 2005, net sales increased 10.
PriceSmart now operates 26 warehouse clubs in 12 countries and one 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).

garifuna honduras

rica central

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 and 2004; the Company has in the past violated , and in
the future may fail 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
and is therefore exposed to associated political, legal and economic risks;
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 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, and the Company currently is engaged in a dispute with one of its
minority shareholders in the Philippines; 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 April 14, 2005.

labels costa

For the four weeks ended January 30, 2005, comparable warehouse sales for
warehouse clubs open at least 12 full months increased 11.

maya years

8%.1%. Heffner, Executive Vice President
and Chief Financial Officer (858) 404-8826.

maya photography

2 million from $46.4% to $441.

For the four weeks ended May 1, 2005, comparable warehouse sales for
warehouse clubs open at least 12 full months increased 15 .pricesmart.

panama mexico

9% to
$54.

6 million from $45. For the five months ended January 31, 2005, net sales
increased 8.5 million from $262.

mexico honduras

(Nasdaq: (http://www.

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.

rica photography

8 million
from $400.

About PriceSmart

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

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

panama mestizo

The Company also announced that, due to delays in obtaining the necessary
building permits, the Company's fourth warehouse club location planned for
San Jose, Costa Rica probably will not open prior to the end of calendar
year 2005. 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.

years photography

For the seventeen weeks ended January 30,
2005, comparable warehouse sales for stores open at least 12 full months
increased 8.

rica belize

Certain prior period amounts have been reclassified
to confirm to the current period presentation .

record museums

PriceSmart, Inc.

honduras styles

6 million in the same period last
year. 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, 2004.

photography sound

9% compared to
the same four-week period last year.

PriceSmart Announces January Sales

clips panama

S.-style
membership shopping warehouse clubs in Central America, the Caribbean , and
Asia, selling high-quality merchandise at low prices to PriceSmart members.

garifuna mestizo

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.

entertainment photography

S.6 million in
January a year earlier.