Wednesday May 24, 9:44 am Eastern Time
Company Press Release
SOURCE: SED International, Inc.
SED International Signs Agreement With Mob-Shop, Inc.
ATLANTA, May 24 /PRNewswire/ -- SED International, Inc. (Nasdaq: SECX - news) announced today that it has entered into an agreement with Mob-Shop, Inc. The Company will provide a variety of integrated services to Mob-Shop, Inc., an online group buying service, under the suite of services that SED offers to e- tailers. Under this agreement, SED International will provide e-order processing, inventory management, and direct fulfillment to online buyers.
``We are pleased that Mob-Shop has chosen SED, which will provide e-commerce and fulfillment services, as a partner,'' said Jonathan Elster, Vice President of Sales of SED International. ``This new relationship with Mob-Shop is a definite win for SED International in our move to becoming a leader in e-commerce and fulfillment services.''
``By partnering with SED International, we have the opportunity to work with a leading international distributor of computer and wireless products and accessories,'' said Patty Kampmann, Vice President of Merchandising for Mob- Shop, Inc. ``SED has strategically located fulfillment centers that utilize the latest advancements in distribution technology and they have displayed a strong desire to do whatever it takes to insure the success of Mob-Shop through their Internet based fulfillment services,'' added Kampmann.
Founded in 1998, Mob-Shop, Inc. created the Get It Together Network, the Web's first group buying network that aggregates demand for products and services in real-time. Using its unique patent-pending Demand Coordination(SM) technology to empower communities and suppliers with private- branded group buying, the Get It Together Network pools buyers from across the Web into real-time Buy-Cycles, in which prices drop as more people join. The Get It Together Network revolutionizes dynamic trade by affording consumers and small businesses alike the purchasing advantage traditionally reserved for large organizations who buy in volume. Mob-Shop, Inc. is headquartered in San Francisco, with its development center in Toronto, Canada.
SED International, Inc. is an international distributor and value-added services provider of computer and wireless technology throughout the United States, Caribbean, and Latin America. The Company has relationships with more than 30,000 value-added resellers, system builders, e-commerce resellers, dealer-agents, and retailers. SED International serves its customers with more than 5,000 products, fulfillment services, finance options, and e-commerce solutions. The Company operates sales and distribution facilities in the United States, Argentina, Brazil, Colombia, and Puerto Rico. The Company's expertise in the computer and wireless industry positions SED International, Inc. to leverage the convergence of these technologies. More information about SED International, Inc. can be found at www.sedonline.com .
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.
SOURCE: SED International, Inc. |
