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NEW AGE ELECTRONICS SIGNS DISTRIBUTION AGREEMENT WITH SAMSUNG
Los Angeles, CA—January 30, 2007— New Age Electronics, Inc. (New Age), a leading solution and logistics provider delivering an unsurpassed supply chain model to consumer technology retailers and vendors, announced today a new partnership with Samsung.
Under the terms of the agreement, New Age’s distribution role will include a portion of Samsung’s significant line of office products including printers, copiers and fax machines. Taking a leadership role in the office product category, Samsung will round out New Age’s line-up including Sharp and HP. With New Age, Samsung reduces time-to-market, maximizes product shelf life and increases profit margins with an even more streamlined supply chain process. New Age’s loyal imaging dealers, and VARs within the business and document solutions market will greatly benefit from the expanded line.
“Players need to be innovative, efficient and ahead of every trend in order to compete and succeed in this industry,” said Adam Carroll, President, New Age Electronics, Inc. “New Age is well positioned to help companies like Samsung by utilizing our breadth of experience and long-standing dealer relationships to offer the most well-rounded and robust product line offerings out there.”
“Samsung chose to partner with New Age due to their extensive and successful track record of servicing the document solutions industry,” said Doug Engberg, Sr National Sales Manager for ITD Samsung. “In addition, New Age’s vendor managed inventory, forecast-based model and dedicated account management will strengthen our overall position with dealers.”
About New Age Electronics, Inc.
New Age Electronics is a solution and logistics innovator that provides document solution manufacturers with a broad offering of supply chain and distribution services. New Age distinguishes itself with extremely efficient operations and relentless focus on customer satisfaction. Founded in 1988, New Age is headquartered in Carson, Calif. For more information on New Age, call (310) 549-0000, toll-free (888) 234-0300 or visit the company’s Web site at http://www.newageinc.com.
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2005 parent company sales of US$56.7 billion and net income of US$7.5 billion. Employing approximately 128,000 people in over 120 offices in 57 countries, the company consists of five main business units: Digital Appliance Business, Digital Media Business, LCD Business, Semiconductor Business and Telecommunication Network Business. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs. For more information, visit www.samsung.com