SED International Holdings, Inc. (Amex: SED), a multinational supply chain management provider and distributor of leading computer technology, consumer electronics, small appliances, housewares and personal care products, was awarded the “Operational Excellence – Drop Ship” award, which recognizes consistency in demonstrating operational excellence by delivering on-time and accurate shipments, by HSN, Inc. SED was also nominated for “Best eCommerce Partner – ECO”. “We consider it an honor to be recognized as an outstanding partner by such a prestigious organization as HSN,” said Jonathan Elster, President & CEO of SED International, Inc. “This award demonstrates our commitment to operational and logistical excellence.” Each year, as part of HSN's Annual Partner Recognition Program, HSN awards the year's most remarkable Partner contributions relating to HSN's pillars of success: Trust and Reliability, Curated Assortment, Ideas and Information, Fun and Entertainment, Igniting Her Impulse, and Community. For 2011, out of 1,200 eligible Partners, over 200 nominations were submitted across all categories. Each nomination was carefully reviewed by a senior selection committee, comprised of VP and SVP leaders, and the HSN Executive Committee, to determine the finalists for each category. The 2011 finalists attended the HSN Awards Gala, themed “A Night in Oz,” at the Renaissance Vinoy Resort & Golf Club in St. Petersburg, FL on Thursday, March 8 th, 2012, where the winners were revealed throughout a night of celebration among the Partners of HSN. 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, housewares, and personal care 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; New Jersey; Texas; Bogota, Colombia and Buenos Aires, Argentina, SED serves a customer base of over 10,000 channel partners and retailers in the US and Latin America. To learn more, please visit www.SEDonline.com; or follow us on Twitter @SEDIntl ABOUT HSN, INC: Headquartered in St. Petersburg, FL, HSN is a leading interactive multichannel retailer, offering a curated assortment of exclusive products and top brand names to its customers. HSN incorporates entertainment, inspiration, personalities and industry experts to provide an entirely unique shopping experience. At HSN, customers find exceptional selections in Health & Beauty, Jewelry, Home/Lifestyle, Fashion/Accessories, and Electronics. HSN broadcasts live to 96 million households in the US in HD 24/7 and its website - hsn.com - is a top 10 most trafficked e-commerce site, featuring more than 16,000 product videos. Mobile applications include HSN apps for iPad, iPhone and Android. HSN, founded 34 years ago as the first shopping network, is an operating segment of HSN, Inc. (Nasdaq: HSNI). For more information, please visit HSN.com, or follow @HSN on Facebook and Twitter.