June.21.08
Atlanta, GA (July 21, 2008) - SED International, Inc., a leading wholesale distributor of consumer electronics, computer, and cellular products announced a distribution agreement with Audiovox Corporation to supply the company's popular line of audio and video products under the Audiovox, RCA, Acoustic Research, Terk, and Jensen brand names.
Tom Malone, Audiovox Electronics Corporation president, said, "Our distribution agreement with SED International, Inc. is a natural fit for Audiovox. SED has a proven track record as a top-tier distribution company. We are proud to have them as a member of our team".
Audiovox provides audio / video products across one of the broadest ranges of product categories in the industry. Product categories include portable DVD players, flat-panel televisions, digital picture frames, home stereos, and consumer accessories such as remote controls.
"Audiovox is a great addition to the SED consumer electronics line-up", said Tom Roper, VP & GMM of Consumer Electronics for SED International. "They add a diversity of product for numerous channels of business, including consumer electronics retailers, computer dealers, custom installers, and internet resellers. Any dealer should be able to find great solutions within this wide range of categories and brands. We look forward to the diversity in sales."
Audiovox is the latest in a rapidly growing lineup of consumer electronics vendor partners for the distributor in the U.S. market. Other recent additions include Samsung, JVC, Universal Remote Control, Bell'O, and Vivitar. SED offers a strong mix of services and programs for CE and IT resellers, including display programs, floor planning, same day shipping, and the recently rolled out SED Rewards™ incentive program.
About Audiovox Corporation
Audiovox is a recognized leader in the marketing of automotive entertainment, vehicle security and remote start systems, consumer electronics products and accessories. The company is number one in mobile video and places in the top ten of almost every category that it sells. Among the lines marketed by Audiovox are its mobile electronics products including mobile video systems, auto sound systems including satellite radio, vehicle security and remote start systems; consumer electronics products such as portable DVD players, Portable GPS, flat-panel TV's, extended range two-way radios, multimedia products like digital picture frames and home and portable stereos as well as consumer accessories such as indoor/outdoor antennas, connectivity products, headphones, speakers, wireless solutions, remote controls, power & surge protectors and media cleaning & storage devices. The company markets its products through an extensive distribution network that includes power retailers, 12-volt specialists, mass merchandisers and an OE sales group. The company markets products under the Audiovox, Jensen, Acoustic Research, Advent, Code Alarm, Terk, and Prestige brands, as well as the recently-acquired rights from Thomson's America's consumer electronics accessory business to the RCA brand for Consumer Electronics accessories. The acquisition also includes the Recoton, Spikemaster, Ambico and Discwasher brands for use on any products and the Jensen, Advent, Acoustic Research and Road Gear brands for accessory products. Audiovox already owns Jensen, Advent, Acoustic Research and Road Gear brands for electronics products as part of prior acquisitions. For additional information, visit www.audiovox.com..
About SED International, Inc.
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 6,000 channel partners and retailers in the U.S. and Latin America. To learn more, please visit www.SEDonline.com.
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 September 30, 2008.