SECX NEWS
SED International to Distribute Envision Peripherals' AOC Brand of Monitors
ATLANTA--(BUSINESS WIRE)--March 23, 2000--SED International, Inc. (NASDAQ: SECX) announced today that it has entered into an agreement with Envision Peripherals, Inc. to distribute its full line of AOC video displays. Under the agreement, SED International will sell monitors ranging from 15" (1280x1024) to 19" (1600x1200). SED International will offer these products to a variety of channels throughout the U.S. and Latin America, including value added resellers, system builders, and e-commerce sites.
"We believe that the AOC product line represents an excellent value to our customer channels," said Mark Diamond, President and C.O.O. of SED International. "This opportunity will help SED strengthen current customer relationships as well as help attract new customer relationships."
"We are delighted to combine our dedication to creating top quality peripherals with the strength of SED International's respected presence in the market. We are confident that this partnership will be instrumental in driving sales of AOC monitors through the reseller channel," said Young Yoo, Director of Marketing and Sales for EPI. "SED's customers can now sell the most advanced CRT and LCD monitors available today: the easy-to-use, affordable AOC product line."
SED International, Inc. is an international distributor of microcomputer and wireless communications products and services to value-added resellers and retailers throughout the United States and Latin America. SED International's product lines include personal computers, application software, printers and other computer peripherals, networking products as well as wireless telephone products and accessories including WireStyle(TM). SED International offers a broad inventory of more than 3,500 products from approximately 100 market-leading vendors. With a sales and distribution center in its Atlanta, Ga. headquarters as well as in City of Industry, Calif.; a satellite sales office in Carlsbad, Calif; a sales office, distribution center and export facility in Miami, Fla.; and an additional sales and distribution center in Bogota, Colombia, through its subsidiary SED International de Colombia Ltda., SED International continues to expand to reach a growing global market. SED International has also further enhanced its market presence in Latin America through SED International do Brazil Ltda., its subsidiary in Sao Paulo, Brazil, and the recent acquisition of Intermaco S.R.L. in Buenos Aires, Argentina. More information about SED International can be found on its website at sedonline.com. SED International is a subsidiary of SED International Holdings, Inc., whose stock is traded on the NASDAQ Stock Market(SM) under the symbol SECX.
Envision Peripherals, Inc. (www.epius.com) is the fourth largest manufacturer of PC monitors in the world. Owned by Top Victory Electronics, EPI has over 18 years of combined experience in the design and manufacturer of computer monitors bearing the AOC and Envision brand names, as well as a highly successful OEM business. EPI has over 100 models currently in production, including monitors ranging in size from 14" to 19", a flat screen LCD model, and several lines of scanners. EPI plans to further diversify in 2000 with the introduction of several new product lines, including 17" and 19" PureFlat Tube monitor, 18" LCD model, and more. EPI's parent company, Top Victory Electronics has been traded publicly on the Hong Kong and Singapore stock exchanges since 1999.
The matters discussed herein contain certain forward-looking statements that represent the Company's expectations or beliefs, including, but not limited to, statements concerning future revenues and future business plans and non-historical Year 2000 information. When used by or on behalf of the Company, the words "may," "could," "should," "would," "believe," "anticipate," "estimate," "intend," "plan" and similar expressions are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties, certain of which are beyond the Company's control. The Company cautions that various factors, including the factors described under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" contained in the Company's Registration Statement on Form S-3 (SEC File No. 333-35069) as well as general economic conditions and industry trends, foreign currency fluctuations, the level of acquisition opportunities available to the Company and the Company's ability to negotiate the terms of such acquisitions on a favorable basis, a dependence upon and/or loss of key vendors or customers, the transition to indirect distribution relationships for some products, the loss of strategic product shipping relationships, customer demand, product availability, competition (including pricing and availability), concentrations of credit risks, distribution efficiencies, capacity constraints and technological difficulties could cause actual results or outcomes to differ materially from those expressed in any forward-looking statements of the Company made by or on behalf of the Company. The Company undertakes no obligation to update any forward-looking statement.
CONTACT: SED International, Atlanta
Mark Diamond, 770/491-8962
Fax: 770/938-2814 |
