To: Gator who wrote (478 ) 4/22/1999 11:36:00 AM From: Gator Respond to of 616
Unique opportunity, extremely profitable, undervalued growth company entering internet arena: Questron Technology, Inc. Plans Launch of Internet Web Site BOCA RATON, FLA. (April 22) BUSINESS WIRE -April 22, 1999-- Power Solutions Subsidiary Forms Internet Division Questron Technology, Inc. (NASDAQ: QUST, QUSTW) today announced plans to launch its Internet web site -- www.batteries4you.com -- to market batteries, battery packs and accessories for use with cellular phones, camcorders, laptop computers and other electronic devices. Power Solutions, a wholly owned subsidiary of Questron, will sell its batteries and related accessories on-line through its Web site. The Company said that Power Solutions would operate the Web site as a separate division. Power Solutions currently distributes batteries, battery packs and assemblies to distributors, utilities for automated meter reading applications, Original Equipment Manufacturers (OEMs), and other commercial customers. The new Web site is designed to offer the products directly to the retail consumer, as well as commercial customers. Customers will be able to locate and purchase a variety of batteries, battery packs and related accessories tailored to their specific needs. In announcing the Web site, Dominic A. Polimeni, Chairman, President and Chief Executive Officer of Questron, said, "Business and consumer demands make on-line buying an important part of our overall business strategy. We are extremely enthusiastic about the prospects for this new venture. We believe this added capability will increase sales, reduce cost, speed deployment and enhance the overall productivity of our battery business. The Internet will allow us to expand our existing business with our customers and add new customers." Mr. Polimeni added, "It will also allow them to purchase batteries and related items directly over the Internet and receive price and delivery on a 'just in time' basis, or any other delivery time selected by the customer." Mr. Polimeni concluded, "We are considering the feasibility of bringing Internet applications to the distribution and inventory logistics management businesses provided by Questron Distribution Logistics and Integrated Material Systems. We believe the Internet offers superb opportunities for our customers." Questron Technology, Inc., headquartered in Boca Raton, Florida, is a leading provider of inventory logistics management programs and a value-added distributor of fasteners and related products (commonly referred to as "C" inventory items). The Company is also a master distributor of fasteners and a distributor of lithium batteries. Questron's securities are traded on NASDAQ under the symbols QUST (common) and QUSTW (warrants). Gator