[2] PC Connection Acquires Merisel Call Center Operation in Marlborough, Mass.Business/Technology Editors MERRIMACK, N.H. and EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif.--(BUSINESS WIRE)--Jan. 4, 2000 PC Connection, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : PCCC PCCC Passaic County Community College (Paterson, NJ) PCCC Platform Communication on Climate Change (The Netherlands) PCCC Porsche Ceramic Composite Clutch ), a leading direct marketer of business computing solutions, and Merisel, Inc. (NASDAQ: MSEL MSEL Materials Science and Engineering Laboratory MSEL Milton S. Eisenhower Library (Johns Hopkins University) MSEL Master Scenario Events List MSEL Master of Studies in Environmental Law ), a leading full-line distributor of technology products, today announced an agreement that complements the strategic directions of both companies. Under the agreement, PC Connection will acquire Merisel's Marlborough, Mass.-based call center and offer employment opportunities to more than 100 of Merisel's highly trained telesales account managers and support staff to join PC Connection's corporate outbound sales organization. The acquisition supports PC Connection's initiative to add infrastructure for continued growth. In addition, the agreement supports Merisel's current focus on increasing efficiencies and lowering operating costs operating costs npl → gastos mpl operacionales , and is expected to generate annual savings for the company of approximately $2 million before transition costs. This transaction does not impact the Merisel Open Computing See open system and open source. Alliance(R) (MOCA MOCA Museum of Contemporary Art MOCA Multimedia over Coax MoCA Museum of Chinese in the Americas MOCA Minnesota Ovarian Cancer Alliance MOCA Montezuma Castle National Monument (US National Park Service) (TM)), which will maintain its operations in Marlborough, Mass. The 42,000 square-foot facility contains a fully equipped call center that is configured for approximately 250 workstations. PC Connection's plans for the new call center include the recruitment of additional corporate telesales account managers over the next 12 to 18 months. Wayne Wilson, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of PC Connection said, "The acquisition of a Massachusetts-based call center provides an excellent platform for the continued expansion of PC Connection's corporate outbound telesales group. Today, our corporate outbound telesales organization is the key driver of our rapid growth and generates more than 65 percent of the company's total net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight ." Wilson added, "This new facility with its well-organized physical infrastructure already in place offers an ideal location from which to recruit the kind of talented sales professionals we seek." "We're pleased to have come to an agreement that creates a win-win situation for everyone," said Merisel Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Dwight Steffensen. "It gives us the ability to streamline our business and maximize efficiencies while providing associates in our Marlborough facility with excellent career opportunities with a successful and growing company like PC Connection." About PC Connection PC Connection, Inc. is a leading direct marketer of business computing solutions. The company offers over 100,000 brand-name products through its staff of technically trained corporate account managers and catalog telesales representatives, its comprehensive web sites at www.pcconnection.com and www.macconnection.com, and its catalogs, PC Connection (1-800-800-5555) and MacConnection (1-800-800-2222). Through its full-service Distribution and Custom-Configuration Center, PC Connection can deliver custom-configured computer systems overnight. PC Connection is repeatedly recognized as one of the top 50 companies doing business on the Internet. In recognition of its role as a critical link between manufacturers of computer products and end users of these products, PC Connection was the only computer reseller on the 1999 list of the "Top 100 Technology Companies that are Changing the World" which appeared in PC Magazine. In addition, PC Connection has won PC World magazine's prestigious "World Class Award" eight times over the past ten years, including 1999. PC Connection, Inc. reported net sales of $292 million for the third quarter of 1999 and $739 million for the nine-month period ended September 30, 1999. About Merisel Merisel, Inc. is a leading full-line distributor of technology products to resellers throughout North America. The Fortune 500 company supports the growth of its partners with extensive business-development and educational services, expert technical support, flexible financing options, certified configuration services and progressive e-business solutions. Merisel also offers dedicated support to enterprise resellers through the Merisel Open Computing Alliance(R) (MOCA(TM)). For the 12 months ending December 31, 1999, the El Segundo, Calif.-based company expects to generate sales of $5.2 billion. Visit Merisel at www.merisel.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new products, fluctuations in operating results and other risks detailed in both Companies' 1998 Forms 10-K filed with the Securities and Exchange Commission for the year ended December 31, 1998. |
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