Media Contacts:
Jeff Samuels
Jeff Seedman / Julia Zamorska
Panasonic
Ruder Finn Public Relations 201-392-4571
310-882-4009 / 310-882-4007
samuelsj@us.panasonic.com
seedmanj@ruderfinn.com / zamorskaj@ruderfinn.com
FOR IMMEDIATE RELEASE
New Age Electronics Now Distributing Panasonic Professional Series Plasma Displays
New Age
Awarded Industry Leading Pro Plasma Line Following Successful Track Record
Supporting Panasonic Consumer Electronic Products
Carson, Calif. – Oct. 29, 2007 – New Age Electronics,
Inc. (New Age), a leading solution and logistics provider distributing an
unsurpassed supply chain model to consumer and
commercial technology vendors and resellers, announced today it has signed an
agreement with Panasonic Professional Display Company to distribute the full
line of Panasonic pro plasmas nationwide. This agreement expands New Age’s
current distribution agreement with Panasonic, in which the company is
responsible for distributing consumer plasma
and LCD televisions, Blu-ray disc players, high definition camcorders, digital still
cameras and other digital imaging, entertainment and communication products.
Panasonic Professional
Display Company, the industry leader in professional/industrial plasma
displays, is a division of Panasonic Corporation of North America, the principal
North American subsidiary of Matsushita Electric Industrial Co. Ltd. (NYSE: MC)
and the hub of Panasonic's U.S. marketing, sales, service and R&D
operations.
Under the terms of the
agreement, New Age will manage product inventory and provide direct distribution
and support services to Panasonic commercial customers including the VAR
channel, custom installers and educational institutions. New Age will apply its
vast product expertise and proven processes to help commercial resellers
mitigate inventory risk, control costs, increase profits and drive business.
“The
commercial side of our flat panel business represents a key growth opportunity
for Panasonic, and we chose to entrust a significant portion of this business
to New Age based on the company’s longstanding history of successfully
supporting our products,” said Andrew Nelkin, president, Panasonic Professional
Display Company. “We plan to leverage New Age’s strategic approach and guidance
to offer our commercial customers the broadest range of crisp and clear
displays to meet the widest range of professional applications.”
“New Age looks forward to helping Panasonic extend its leadership
position in the commercial flat screen market by helping broaden its channel
coverage, increasing efficiency and applying the same level of meticulous
customer support that we have demonstrated on the consumer side for many
years,” said Fred Towns, senior vice president, New Age Electronics, Inc. “We
are excited about the opportunities the increased product offerings will
provide our commercial customers.”
In February 2006,
New Age became Panasonic’s exclusive West Coast distributor of consumer products covering
About New Age Electronics, Inc.
New Age Electronics is a sales and supply chain solutions innovator 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, Kodak and Sharp, and
national and regional retailers such as Big Lots, Aaron’s Rents and Nebraska
Furniture Mart. New Age distinguishes itself with extremely efficient
operations and relentless focus on customer satisfaction. Founded in 1988, New
Age is headquartered in
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