Mar.15.10
TUCKER, GA – March 15, 2010– SED International Holdings, Inc. (OTCBB:SECX), a multinational supply chain management provider and distributor of leading computer technology,
consumer electronics, small appliances and cellular products, today announced that Jim Overwyk has joined the Company as Vice President of Operations. Overwyk will report to Jonathan Elster, SED’s President and Chief Executive Officer, overseeing the Company’s U.S. operations and the implementation of new operational initiatives.
Overwyk joins SED with more than 30 years of senior level operations and customer service experience. Prior to joining the Company, he served as Executive Vice President of Global
Operations at Scovill Fasteners, a leading international manufacturer and distributor of snap fasteners and stamped products for retail, military and commercial applications. In this capacity
Overwyk improved overall operational efficiency by significantly reducing annual expenses, which ultimately channeled business back to the company’s US operations at a lower cost, enhanced US
company employee security, and comprehensively improved customer service. Additionally, Overwyk has held senior operations, human resources and management positions at Environmental
BioTech/Fill-Pack, Danskin/Pennaco and RidgeView, Inc. He holds a BBA from Hofstra University in New York.
Jonathan Elster, SED’s President and Chief Executive Officer said, “Jim brings a wealth of experience to SED and represents an important addition to our management team. He holds a strong track record of assisting companies to further develop organizational efficiency, improve customer service and enhance operations. I am confident that Jim will be able to implement new systems and processes that will help SED continue to grow and I look forward to his contributions.”
About SED International, Inc.
Founded in 1980, SED International Holdings, Inc. is a multinational, preferred distributor of leading computer technology, consumer electronics, small appliances, and cellular 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 .
About The Piacente Group, Inc.
The Piacente Group, Inc. ("TPG") is a full service investor relations and financial communications consulting firm with offices in New York, California and Beijing. TPG represents a balanced portfolio of U.S. and China-based companies including the top two programs nominated for the "Best Investor Relations by a US-Listed Chinese Company" award by IR Magazine for 2008: Sohu.com Inc.
and Suntech Power Holdings Co., Ltd. TPG develops and implements strategic programs aimed at broadening investment community sponsorship through best practice execution. The firm is dedicated to providing clients customized solutions in a dynamic investment environment. For more information, please visit "www.tpg-ir.com or visit TPGir on Twitter, Facebook andLinkedIn.
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, 2009 and Form 10-Q for the quarter ended December 31, 2009.