Nexar Expands Relationship With CompUSA; Nexar PCs Now Offered Through CompUSA Government Division
WESTBOROUGH, Mass.--Gaining further endorsement by premier resellers, Nexar Technologies, Inc., (NASDAQ:NEXR), today announced that CompUSA, which is currently selling the highly innovative Nexar PCs through its corporate sales division, will now offer Nexar PCs through its government sales division. Under the expanded agreement, CompUSA will offer Nexar PCs to education, state and local government agencies and include Nexar PCs on CompUSA's GSA schedule.
To date, Nexar has demonstrated significant success in the federal government market, where the system's scalability, upgradability and removable hard drive provide significant advantages. This agreement with CompUSA now extends Nexar's proliferation into other government markets by enabling state, local and education customers to realize the extended lifecycle benefits of the Nexar PC as well.
"CompUSA's decision to offer Nexar PCs reinforces the strength of the Nexar brand and signifies that the top echelon of channel players are recognizing the advantages Nexar PCs provide," said Albert J. Agbay, chairman and chief executive officer, Nexar Technologies, Inc. "Nexar PCs give CompUSA increased ability to offer its customers a high-quality, highly upgradable PC that provides long term value and investment protection."
Designed to support future generation technologies, Nexar's XPA (Cross Processor Architecture) PC enables Nexar's customers to battle personal computer obsolescence by providing a substantial increase in the lifecycle of their PC. This is accomplished through the XPA PC's highly innovative split motherboard design and easy access chassis, which allow for seamless upgradability of all major system components and support for the industry's broadest range of microprocessors Intel's Pentium, Pentium Pro, Pentium II and dual Pentium II all in a single system.
XPA enables both Nexar and its resellers to configure systems based on customers' specific computing requirements for processor, memory, modems, video, audio and network interface cards. This provides the flexibility and scalability resellers require to easily and cost-effectively custom configure, on demand, to meet each customer's specific technical and budgetary requirements. In addition, by supporting up to nine drive bays, 768 MB of system RAM with RAID and SCSI capabilities, XPA provides a scalable and cost-effective system foundation for solutions ranging from basic PCs to high-performance workstations to departmental-level servers.
About CompUSA
CompUSA Inc. is one of the nation's leading retailers and resellers of personal computers and related products and services. The company operates 133 CompUSA Computer Superstores, in 61 major metropolitan markets across the United States. In addition to retail customers, CompUSA Computer Superstores serve corporate, government, education, and mail order customers.
About Nexar
Nexar Technologies, Inc. (NASDAQ:NEXR) manufactures and markets a new category of high-quality personal computer systems that offer consumer and business users the industry's highest level of flexibility and investment protection through complete customization and upgradability. Headquartered in Westborough, Mass., Nexar sells its systems through national and regional value-added resellers (VARs), distributors and system integrators.
Statements expressing the beliefs and expectations of management regarding future performance are forward-looking and involve risks and uncertainties, including, but not limited to, quarterly fluctuations in results and other risks. These risks and uncertainties are detailed from time to time in certain of the Company's filings with the Securities and Exchange Commission, including its Prospectus dated April 8, 1997. Actual results may differ materially from management expectations due to such risks and uncertainties.
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