SECX news:
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(COMTEX) B: (BLS) SED International to Distribute Prepaid Wireless Se
B: (BLS) SED International to Distribute Prepaid Wireless Service for BellSouth
Cellular Corp.
ATLANTA, Feb 29, 2000 (BUSINESS WIRE) -- SED International, Inc.
announced today that it has entered into an agreement with BellSouth
Cellular Corp. to distribute BellSouth's prepaid wireless solutions to
third-party agents and resellers.
Under the agreement, SED International will provide online fulfillment
services including product warehousing, secure order processing,
packing and shipping of BellSouth's prepaid wireless phones and cards.
SED International will offer these services to a variety of channels,
including e-commerce sites and authorized BellSouth agents, while
serving as a critical partner in their customer acquisition efforts in
BellSouth's coverage area.
"We are pleased to enter into this relationship with BellSouth to make
a dramatic difference in the services and support they provide to their
customers", said Mark Diamond, President and C.O.O. of SED
International. "This fulfillment service opportunity, with a market
leader, will foster recognition for the services that we support to our
VAR's, dealer-agents and e-commerce partners. The prepaid wireless
solution from BellSouth will be instrumental in forging relationships
with retailers outside of the traditional wireless model and market.
And more importantly, this product offering allows our computer
resellers in 360 southeast cities to enter the wireless market with
little to no investment while expanding their business. This is a
value-added proposition that is seamless and lends itself well to our
electronic commerce strategy."
"Prepaid wireless services are increasingly popular with consumers and
are an important segment of our business," said Richard Cost, director
of consumer sales for BellSouth Cellular Corp. "This agreement with SED
helps us increase the number of distribution points in the southeast to
make BellSouth prepaid wireless services more accessible to more
people."
BellSouth Cellular Corp. companies, BellSouth Mobility (BMI) and
American Cellular Communications Corporation (ACC), provide wireless
communications services to customers in 10 states. BMI serves customers
in seven southeastern states. ACC markets operate under a variety of
names in California and Texas and as Cellular One in Indiana. BellSouth
Cellular Corp. is a subsidiary of BellSouth Corporation (NYSE: BLS).
Visit us on the Web at www.bellsouth.com/wireless.
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.
SED International, Inc. is a leading international distributor of
microcomputer and wireless communications products & 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. 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.
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
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CONTACT: SED International Holdings, Inc.
Mark Diamond, (770)491-8962
Fax(770)938-2814
WEB PAGE: businesswire.com
GEOGRAPHY: GEORGIA
INDUSTRY CODE: COMPUTERS/ELECTRONICS
TELECOMMUNICATIONS
MARKETING
AGREEMENTS
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