Avnet EMG secures additional memory through VisionTek distribution agreement.CULVER CITY Culver City, city (1990 pop. 38,793), Los Angeles co., S Calif., a residential suburb of Los Angeles; inc. 1917. It is a center of the U.S. motion-picture industry, whose roots in the city date to c.1915. Its chief manufactures are rubber products and computers. , Calif.--(BUSINESS WIRE)--Aug. 10, 1995--Avnet's Electronic Marketing Group (EMG EMG abbr. electromyogram Electromyography (EMG) A diagnostic test that records the electrical activity of muscles. ) has signed a distribution agreement with VisionTek to distribute its full line of memory modules and PCMCIA cards. Effective immediately, these products will be distributed through Avnet EMG's Hamilton Hallmark, Avnet's Computer Marketing Group, Time Electronics, Allied Electronics and Avnet Europe units. "With the upcoming release of Windows 95, there will be an increased demand for memory products," said Roy Vallee, vice chairman, 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 Avnet Inc. "This new agreement with VisionTek proactively positions Avnet EMG to fill the coming demand for memory products and deliver fully configured systems to our customers." "We're excited to have Avnet EMG distribute our memory products," said Allen Sutker, president of VisionTek. "Our partnership with Avnet EMG offers tremendous growth opportunities for both companies in the United States and overseas. We think the combination of VisionTek's products with Avnet EMG's value-added services will prove to be a powerful force in the marketplace." VisionTek is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. that manufactures and markets PCMCIA (Personal Computer Memory Card International Association, San Jose, CA, www.pcmcia.org) An international standards body and trade association that was founded in 1989 to establish a standard for connecting peripherals to portable computers. PCMCIA created the PC Card. See PC Card. products, memory and other upgrade products for virtually every laptop, desktop and printer currently available. Founded in 1988, the Gurnee, Ill.-based company has exceeded its projections for revenue growth every year, with more than $302 million in sales in 1994. Avnet EMG is the largest operating group of Avnet Inc. (NYSE NYSE See: New York Stock Exchange :AVT AVT avian arginine vasotocin. See vasotocin. ). Avnet Inc. is a Fortune 500 company with annual sales exceeding $4.3 billion. Avnet EMG consists of Hamilton Hallmark, Avnet's Computer Marketing Group, Time Electronics, Allied Electronics, Penstock, Avnet Cable Technologies and Avnet International. The group markets, inventories and adds value to the products of the most prestigious electronic components and original equipment manufacturers. -0- NOTE: Windows is a registered trademark of Microsoft Corp. CONTACT: Avnet Inc., Culver City Mark Wood, 310/558-2708 |
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