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NEW AGE ELECTRONICS APPOINTS CONSUMER ELECTRONICS VETERAN FRED TOWNS TO SPEARHEAD AGGRESSIVE DIGITAL ENTERTAINMENT PUSH

Los Angeles, CA—January 4, 2005—New Age Electronics, Inc. (New Age), a leader in sales, logistics, remanufacturing and supply chain solutions for the consumer technology industry, today announced the appointment of Fred Towns as senior vice president. Towns will spearhead an aggressive push into the digital entertainment market, consolidating and building upon the success New Age enjoyed in 2004 with portable audio players, plasma TVs and other home entertainment products.

Towns, who brings to New Age over 27 years experience in the consumer electronics industry, joined Panasonic in 1984 and progressed through the company in a series of senior management positions. He has spent the last eight years at Panasonic Consumer headquarters in the position of senior vice president, sales and marketing.

“Fred’s business relationships and experience in both regional and national accounts are a great asset for our company,” said Adam Carroll, president of New Age Electronics, Inc. “We are excited to add to our exceptional management team someone with his extensive background and creativity. Fred is a recognized leader in the consumer electronics industry with a reputation for developing and implementing powerful new ideas and marketing strategies. I am confident that he will be an integral part of the ongoing New Age Electronics success story.”

Fred Towns, Senior Vice President – At New Age, Towns will be responsible for overseeing all aspects of sales, marketing and operations. A particular focus will be the development of the digital entertainment categories, along with new business growth.

About New Age Electronics, Inc.
New Age Electronics is a sales outsourcing powerhouse that provides consumer technology (CT) manufacturers with a broad offering of logistics, distribution and remanufacturing services. Extensive experience in the CT industry and a customer-centric approach has made New Age the provider of choice for manufacturers such as HP, Panasonic, Sharp, and retailers such as Costco.com, Staples and Office Depot. New Age distinguishes itself with extremely efficient operations and relentless focus on customer satisfaction. Founded in 1988, New Age is headquartered in Carson, CA. For more information on New Age, call 310.549.0000, toll-free (800) 234-0300 or visit the company’s website at http://www.newageinc.com.