Pinnacle Speakers and SED International, Inc. (Amex: SED) today announced that they have signed a definitive national distribution agreement under which SED will distribute Pinnacle Speakers. The initial focus of the partnership is on audiophile speaker bars and powered subwoofers in the custom install, home integration, rent to own and international markets where SED can leverage its established networks and existing customer base.
Pinnacle Speakers specializes in audiophile home speakers with over 100 products, including speaker bars, powered subwoofers, in-wall / in-ceiling and speakers in cabinets, priced from affordable to ultra high-end. SED is a multinational supply chain management provider and distributor of leading computer technology, consumer electronics and small appliances products.
“We are delighted to add SED International to our family of distributors,” said Mickey Rothenberg, VP of Sales and Marketing. “Through SED’s extensive network, the Pinnacle brand will now be introduced to new markets where we previously had limited or no exposure. In addition, Pinnacle and SED share a service-oriented philosophy. At Pinnacle our values are underscored by our family-owned and operated company, which we see as similar to the manner in which SED values deep relationships with their customers. We look forward to building on our partnership with SED to extend the Pinnacle brand.”
Jonathan Elster, SED President & CEO said, “We continue to see sizeable demand for quality home theater and accessory products. Pinnacle Speakers broadens our offerings in this higher margin category and we are delighted to expand Pinnacle Speakers’ reach through our established national network of dealers.”About Pinnacle Speakers Pinnacle Speakers is the only high-end speaker brand selling its products exclusively through authorized distributors to the custom install market, independent audio retail and select special markets. Taking great pride in being a family owned and operated company for over 3 decades, Pinnacle Speakers is renowned for sterling sound with dozens of rave reviews and decades of industry acclaim. All Pinnacle products are designed by the award-winning Pinnacle engineering team, all of whom are musicians and have achieved at least 1 U.S. patent. You will be amazed with the sound and performance of Pinnacle across the entire price spectrum - from affordable, entry-level products to expensive, ultra high-end products. About SED International Holdings, Inc. Founded in 1980, SED International Holdings, Inc. is a multinational, preferred distributor of leading computer technology, consumer electronics, small appliances and cellular 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 10,000 channel partners and retailers in the U.S. and Latin America. To learn more, please visit www.SEDonline.com; or follow us on Twitter @SEDIntl. Forward Looking Statements 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 Forms 10-K and 10Q available at www.sec.gov .
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