large news for a sub penny stock MDCE...deal with NYSE company.
B: Media Concepts Inc. Announces Distribution Agreement with
B: Media Concepts Inc. Announces Distribution Agreement with Ingram Micro and
the Addition of a DVD Section to HOMtheater.com
TEMECULA, Calif., Jan 8, 2001 (Business Wire) -- Media Concepts Inc. (NQB pink
sheets:MDCE) (OTCBB:MDCE) today announced a signed agreement with Ingram Micro
Inc. (NYSE:IM) the largest global wholesale provider of technology solutions,
products and services.
The agreement allows the Sale of Computer Related Products on its site
HOMtheater.com, in preparation of its Home Automation Section, and the
availability of 175,000 technology solutions. Within the agreement Ingram Micro
also set up a credit facility to insure quick shipment prior to payment.
This agreement allows HOMtheater.com to offer a wide range of computer related
products that help run an automated home. Portable devices to be offered include
Windows(TM) CE handhelds as well as a variety of touch screen Internet devices.
"As we enter a new year and the next step toward the truly automated home, it
becomes imperative that the end user be able to interface easily with the
automated home. This includes the ability to connect and retrieve data from the
Internet from any room of the house," stated Erik Vidrio, president of Media
Concepts Inc. "I have always felt it necessary to include a line of Internet
ready devices as part of the HOMtheater.com's goal in making it a truly one stop
shop. With the addition of a large distributor of computer related products we
can achieve that task."
In addition to HOMtheater.com's home automation section the site has also added
DVDs (Digital Video Disks) to its list of products. The DVD section went live
with a selection of DTS(TM) encoded disks as well as featuring a top 10 best
selling Hollywood movie list that will be updated weekly.
As previously announced the company continues its special discount coupon promo
through the end of January. Visit HOMtheater.com for more details.
About Ingram Micro Inc.
Ingram Micro Inc. (NYSE:IM) is the largest global wholesale provider of
technology solutions, products and services. The company operates in 34
countries with sales exceeding $30 billion for the past four reported quarters.
Ingram Micro's global regions offer e-commerce solutions, logistics services and
technology product distribution and marketing to more than 175,000 technology
solution providers and manufacturers. The company is focused on maximizing
shareowner value and achieving customer satisfaction by continuously innovating
the IT supply chain.
About MDCE
Media Concepts Inc. is a diversified electronics and media technology company
that focuses on emerging electronic products and home entertainment related
systems. The company's focus includes cutting-edge wireless technologies, data
transfer products, and electronic accessories and home automation products.
The statements made in this press release, which are not historical facts,
contain certain forward-looking statements concerning potential developments
affecting the business, prospects, financial condition and other aspects of the
company to which this release pertains. The actual results of the specific items
described in this release, and the company's operations generally, may differ
materially from what is projected in such forward-looking statements. Although
such statements are based upon the best judgments of management of the company
as of the date of this release, significant deviations in magnitude, timing and
other factors may result from business risks and uncertainties including,
without limitation, the company's dependence on third parties, market
conditions, technical factors, the availability of outside capital and receipt
of revenues, and other factors, many of which are beyond the control of the
company. The company disclaims any obligation to update information contained in
any forward-looking statement.
CONTACT: Media Concepts Inc.
Erik Vidrio, 909/506-3929
www.MDCEinvestor.com
or
PMR & Associates, LLC
Patrick M. Rost, 760/942-0015
pmrandco@aol.com
www.HOMTHEATER.com |
