ALL AMERICAN ANNOUNCES AGREEMENT TO BE THE FIRST INDUSTRIAL DISTRIBUTOR OF NEXGEN MICROPROCESSORS.MIAMI--(BUSINESS WIRE)--June 6, 1995--All American (The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. :SEMI), a national distributor of electronic components, today announced that it has entered into a non-exclusive distribution agreement with NexGen to distribute their line of high-performance processor products for the PC industry. Bruce M. Goldberg, 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 All American, commented that, "We are proud to be the first industrial distributor to carry NexGen products. To date we have not been able to offer our customers x86 microprocessor products, thus this opportunity represents a major milestone for All American. We believe that NexGen is the first company to provide mainstream PC manufacturers and users with 5th generation power and full x86 binary software compatibility at a lower chip and system cost than Pentium processors and Pentium based systems." Mr. Goldberg continued, "Industry analysts generally estimate that one-third of the worldwide semiconductor output is consumed by PC and PC-related products. Thus, this opportunity with NexGen could open significant new marketplaces for All American. We also expect that this will create opportunities for our Company to attract additional suppliers that make products that support the microprocessor functions." S. Atiq Raza, President and Chief Executive Officer of NexGen, commented that, "NexGen is the only company in the world that presently has available a microprocessor that provides compatible performance to similarly configured systems based on Intel's most advanced processor, the Pentium. We are excited to have All American as our first industrial distributor. All American has proven distribution capabilities and, with their OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and sales expertise, 20 offices in the U.S. and salespeople across North and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , we expect that All American will assist NexGen in reaching a substantially expanded base of customers that could utilize our quality products." All American was recently ranked as the nation's 21st largest distributor of electronic components and the 9th largest distributor of semiconductors in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . All American has offices in 20 strategic locations throughout the country. CONTACT: ALL AMERICAN Bruce M. Goldberg, President, (305) 626-4150 Howard L. Flanders, CFO See Chief Financial Officer. , (305) 626-4149 or INVESTOR RELATIONS Investor relations The process by which the corporation communicates with its investors. COUNSEL: THE EQUITY GROUP INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . Linda Latman, (212) 836-9609 Robert D. Goldstein, (212) 371-8660 or FOR SALES INFORMATION CONTACT: Peter Summers/Dominick Constantino 1-800-NexGen 6 (408) 441-1300 1-800 222-6001 |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion