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SED International The introduction of new business units: small household electrical appliances and kitchen appliances

13 August 2009 1,147 views No Comment

TUCKER, Ga., Aug. 11 /PRNewswire-FirstCall/ — SED International Holdings, Inc. (OTC Bulletin Board: SECX), a multinational supply chain management provider and distributor of leading computer technology, wireless communications and consumer electronics, today announced the formation of a new business unit focused on the distribution of high quality Small Appliances and Kitchen Electrics.
More specifically, SED will expand its linecard to include small appliances that address personal care, home environment, kitchen/cooking, food preparation, coffee/espresso and garment care.  In this regard, SED has signed an agreement with Panasonic Appliance Group to distribute the Company’s counter-top microwaves, over-the-range microwaves, irons, bread makers, rice cookers and counter-top meat grinders.  In addition to Panasonic, SED is in discussion with a number of other leading manufacturers in anticipation of rapidly expanding its new small appliance offerings.
According to the Association of Home Appliance Manufacturers, consumers want appliances that are time savers, are convenient to use, provide easy clean-up, are stylish, have multiple applications, promote healthy cooking and maintain a healthy environment in the home.  High on trend lists are bread makers, rice cookers, sandwich makers, coffee grinders/mills and espresso/cappuccino makers.
Sandy Hanberry, Purchasing Manager, Small Appliances at SED, noted, “With our first shipments expected to commence on September 1, our sales and marketing teams are busy educating both current and prospective new customers on the many special discount programs, purchasing incentives and flexible financing plans that we’ve created to help ensure a strong and successful launch.”
Tom Roper, Vice President, CE & Small Appliance Purchasing at SED, added, “Empowering independent dealers, resellers, buying groups and e-commerce companies with strategies to build and enhance their individual businesses has helped to win SED industry distinction among the hundreds of vendors we represent, and longstanding loyalty from the large and growing customer base we serve.  With the addition of small appliances and kitchen electrics, we are creating yet another important growth opportunity for our customers to expand their offerings to better meet their respective customers’ needs and demands.  Moreover, our new business unit will allow SED to reach and support an ever larger universe of dealers and resellers.  This is an exciting, evolutionary step for SED and one that we expect will contribute measurably to our Company’s long term success.”
Founded in 1980, SED International Holdings, Inc. is a multinational, preferred distributor of leading computer technology, wireless communications and consumer electronics products.  The Company also offers custom-tailored supply chain management services ideally suited to meet the priorities and distribution requirements of the e-commerce, Business-to-Business and Business-to-Consumer markets.  Headquartered near Atlanta, Georgia with business operations in California; Florida; Georgia; Texas; Bogota, Colombia and Buenos Aires, Argentina, SED serves a customer base of over 10,000 channel partners and retailers in the U.S. and Latin America.  To learn more, please visit www.SEDonline.com; or follow us on Twitter @SEDIntl.
Statements made in this Press Release that are not historical or current facts are “forward-looking statements.”  These statements often can be identified by the use of terms such as “may,” “will,” “expect,” “believes,” “anticipate,” “estimate,” “approximate” or “continue,” or the negative thereof.  The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.  Any forward-looking statements represent management’s best judgment as to what may occur in the future.  However, forward-looking statements are subject to risks, uncertainties and important factors beyond the control of the Company that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected.  These factors include adverse economic conditions, entry of new and stronger competitors, inadequate capital, unexpected costs, failure to gain product approval in foreign countries and failure to capitalize upon access to new markets.  The Company disclaims any obligation to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events. These factors and others are discussed in the “Management’s Discussion and Analysis” section of the Company’s Reports on Form 10-K for the fiscal year ended June 30, 2008 and Form 10-Q for the quarter ended March 31, 2009.
Elite Financial Communications Group, LLC
Dodi Handy, President and CEO (Twitter: @dodihandy)
Kathy Addison, Director of Elite Media Group (Twitter: @kathyaddison)
407-585-1080 or via email at SECX@efcg.net

SOURCE  SED International Holdings, Inc.

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