SED International to Distribute Corel Products
ATLANTA, May 18, 2000 /PRNewswire via COMTEX/ -- SED International, Inc.
(Nasdaq: SECX) announced today that it has entered into an agreement with Corel
Corporation (Nasdaq: CORL; Toronto) to distribute its full line of software
products in Latin America and the Caribbean.
Under the agreement, SED will distribute WordPerfect(R) Office 2000,
CorelDRAW(R) 9, Corel GALLERY(TM), Corel(R) LINUX(R) OS and WordPerfect(R)
Office 2000 for Linux(R). SED International will offer these products to a
variety of channels throughout Latin America and the Caribbean via the Company's
Miami Sales and Distribution Center, including value-added resellers, system
builders, e-commerce sites and retail establishments.
"This relationship will help SED establish itself as a software distributor
throughout Latin America," said Yvonne Portuondo, Vice President of Miami SED
International, Inc.
"SED will strengthen customer relationships with this opportunity as well as
help attract new customer relationships. The new agreement expands our existing
relationship which began with our Brazilian Company, SED International do
Brasil, Ltda.," added Mark Diamond, President and COO. of SED International.
"SED International will be a great partner to increase exposure of our
world-class product lines in Latin America and the Caribbean," said Steve Houck,
Executive Vice President of Sales at Corel.
Corel Corporation is an internationally recognized developer of award- winning
business productivity, graphics and operating system solutions on the
Windows(R), Linux(R), UNIX(R), Macintosh(R) and Java(TM) platforms. Corel also
develops market-leading, Web-based solutions including applications, contents,
e-commerce and online services. For access to these services and more
information go to www.corel.com or www.corelcity.com . Corel is headquartered in
Ottawa, Canada. Corel's common stock trades on the Nasdaq Stock Market(SM) under
the symbol CORL and on the Toronto Stock Exchange under the symbol COR.
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 Holdings, Inc.
CONTACT: Mark Diamond, President and COO of SED International Holdings,
Inc., 770-491-8962, or fax, 770-938-2814
URL: corel.com
corelcity.com
sedonline.com
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