News is out...
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Monday June 22, 3:56 pm Eastern Time
Company Press Release
Advanced Electronic Support Products Grows Retail and
OEM Divisions with Major Contract Agreements
New Customers for Retail Division Include Infotel and Douglas Stewart
NORTH MIAMI--(BUSINESS WIRE)--June 22, 1998--- Major Contract for OEM Division with Fortune
500 Company
Advanced Electronic Support Products, Inc. (AESP) (Nasdaq SmallCap: AESP - news), a worldwide
supplier of network cabling and hardware solutions for the convergence revolution, today announces three
major contract agreements for growing its retail and OEM divisions. Combined, these relationships will
secure sales estimated in excess of $1 million for the Company during the next twelve months.
Agreements AESP made with Infotel Distributing and Douglas Stewart make evident the Company's goal
of expanding the availablility of its products for consumers, meanwhile growing the company financially for
stockholders. Both Infotel and Douglas Stewart are major distributors of computer products which provide
value added marketing, merchandising and advertising services to their customers and vendors, making them
ideal partnerships for AESP.
''Working with Infotel, a global company, and Douglas Stewart not only expands our base of value added
resellers, but also gives AESP significantly broader exposure to consumers and end-users,'' says Marty
Gerber, Vice President of Sales & Marketing at AESP. ''These agreements demonstrate our commitment
to growing our company and providing the highest quality cabling, connectivity and networking products to
our customers and consumers worldwide.''
In addition to growing its retail division, AESP also secured a major OEM contract order agreement with a
Fortune 500 Company worth well over $500,000 in business over the next twelve months.
About MidWest Micro Corp dba Infotel Distributing
Founded in 1982, the initial focus of MidWest Micro Corp dba Infotel Distributing was to provide customers
with an extensive selection of computer printers. In order to accommodate the growing market, Infotel
expanded its product line to incorporate a wider range of peripherals, including their own line of private-label
monitors, modems, multimedia, networking products and PCs. In 1997, the Company further strengthened
their buying power by joining the Global DirectMail Corp* family. Today, Infotel is the largest single-location
distributor in the United States.
About Douglas Stewart
Since the 1940s the Douglas Stewart Company has been committed to superior customer service which
today is matched by their commitment to vendor partnerships. From custom marketing and merchandising
campaigns to site licensing and special purchase programs, the Company offers its vendors total support.
The Douglas Stewart Company is the largest distributor and marketer of computer products, consumer
electronics and student supplies to service the educational market, linking more than 300 vendors with over
6,500 accounts in the United States and Canada.
About Advanced Electronic Support Products, Inc.
AESP, an ISO 9002 company, designs, manufactures, markets and distributes computer connectivity and
networking products to distributors, resellers, and OEM customers worldwide. The company offers a broad
range of products, including computer cables, connectors, installation products, data sharing devices and
fiber optic cables. AESP also sells a comprehensive line of cable TV, satellite, audio and video products and
accessories. AESP manufactures the premium Plugged-In(TM) line of cables targeted at users seeking
optimum performance from the newest high-speed peripherals.
Its FOCUS Networks division produces IBM/PC and Mac networking hardware targeted for small- and
medium-size businesses, including a complete selection of networking products, such as networking
interface cards, hubs, transceivers and repeaters for different networking topologies.
The mission of AESP is to become a world leader in supplying connectivity and networking products.
Founded in 1983, AESP became a public company in February 1997, and has since taken significant steps
toward growth and fulfilling its commitment to its shareholders.
To learn more, contact Advanced Electronic Support Products, Inc.: 800/446-AESP or 305/944-7710; 1810
NE 144th St., North Miami, FL 33181. The AESP website is: www.aesp.com.
Contact:
For more information,
investor relations and financial press:
CCRI Corporation
Malcolm McGuire, 800/828-0406
or
AESP, Inc.
Randall Paulfus, Chief Financial Officer
800/446-2377, ext. 139
rpaulfus@aesp.com
or
For more information, press only:
Erich Stein Communications
Erich Stein, 303/722-4343
erich.stein@ossinc.net
or
AESP, Inc.
Ron Thompson, 800/446-2377, ext. 223
rthompson@aesp.com |
