SYNNEX Information Technologies, Inc. Expands Distribution Operations into Mexico

 

FREMONT, CA — May 7, 2002 — SYNNEX Information Technologies, Inc., an information technology (IT) supply chain services company headquartered in Fremont, CA, through its Mexican subsidiary, SYNNEX de Mexico S.A. de C.V., announced expansion plans of its IT distribution business with the addition of sales and distribution locations in Mexico. In an agreement with Novitech, S.A. de C.V., headquartered in Mexico City, Mexico, SYNNEX acquired certain assets of existing sales and distribution operations of facilities in the headquartered location of Mexico City, as well as branch locations in Guadalajara, Puebla, Veracruz, Queretaro, and Monterrey. SYNNEX de Mexico began distribution operations May 1st.

SYNNEX de Mexico sells top IT products manufactured by world-renowned, industry leading suppliers based on the strong, long-term distribution relationships SYNNEX has established in the U.S. market. SYNNEX U.S. distributes a broad line of computer products, peripherals and software. Sales efforts are focused on servicing resellers throughout Mexico.

“Entry into Mexico marks a significant opportunity for SYNNEX to further execute on our strategy to expand globally,” said Robert Huang, President and CEO of SYNNEX Information Technologies, Inc. “We are extremely pleased to hire a highly experienced distribution team. In addition, the vendor community has been overwhelmingly supportive of SYNNEX’ entry into this market. Combining a superior staff of employees and strong leadership with SYNNEX’ products, programs and wide array of services offerings allows us to service the Mexico reseller base with great efficiency and velocity, and positions us to become the leading distributor of IT products in the Mexico region very quickly. We look forward to building strong customer partnerships and growing market share in the Mexico region.”

About SYNNEX
Founded in 1980 and headquartered in Fremont, CA, SYNNEX Information Technologies, Inc. is a global IT supply chain services company providing a comprehensive range of design-to-distribution services to original equipment manufacturers (OEMs) and technology solution providers worldwide. The company has strong expertise in IT distribution, electronics manufacturing and logistics services. SYNNEX works with leading industry suppliers in PCs and servers, motherboards, CPUs, memory, storage, networking, communication and component products. Additional information about SYNNEX Information Technologies, Inc. may be found online at www.synnex.com. More information on SYNNEX de Mexico is available online at www.synnex.com.mx.

Statements in this release that are forward looking involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. The Company assumes no obligation to update any forward-looking statements contained in this release.

SYNNEX and the SYNNEX logo are trademarks of SYNNEX Information Technologies, Inc. or its subsidiaries and should be treated as such. All rights reserved. All other company names mentioned herein are trademarks of their respective owners.