Cerplex launches Louisville hub operation.TUSTIN, Calif.--(BUSINESS WIRE)--Oct. 3, 1996--Cerplex (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 :CPLX), a leading provider of high-technology outsourcing services, on Thursday announced that it will establish a new repair and logistics outsourcing hub operation in Louisville, Ky. This move follows the company's recent announcement of its first airport hub-based facility in Ontario, Calif. "The advantages to OEMs who outsource repair and service logistics programs are clear," said James T. Schraith, president and chief executive officer. "By establishing a network of outsourcing centers on or near key airport transportation hubs, Cerplex is able to bring a new level of service, coupled with the obvious cost advantages of a hub-based location." The company recently opened a temporary facility and intends to rapidly move to a 70,000-square-foot building located near the Louisville International Airport Louisville International Airport (IATA: SDF, ICAO: KSDF) is a public airport centrally located in the city of Louisville in Jefferson County, Kentucky, USA. The airport covers 1,200 acres (4.9 km²) and has three runways. . The initial staffing will be approximately 40 people, some of whom are employees being transferred from Cerplex's recently closed Texas facility. The hub facility is located in Jeffersontown, Ky., a suburb of Louisville, and will initially focus on processing repairs and returns of display monitors, printers and notebook computers for Cerplex's existing and new customers. Philip E. Pietrowski, senior vice president, North American operations North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations. , describes the Louisville hub as a Cerplex fulfillment center. "We offer a quick turnaround, from the time the customer sends the product -- we receive it, repair it and return it via the hub system," Pietrowski said. "If a product needs repairing, the customer gets a replacement so there is very little downtime. It is repaired and returned for one- or two-day delivery. The results are lower costs, quick and efficient service, and a high level of value to our customer." "We chose the Louisville area for several reasons," Schraith said. "Paramount among those reasons is the geographic proximity to the nation's three largest air freight air freight n → flete m por avión air freight n → fret aérien air freight air n → Luftfracht f transportation hubs, being Wilmington, Ohio For other places with the same name, see Wilmington (disambiguation). Wilmington is a city in Clinton County, Ohio, United States. The population was 11,921 at the 2000 census. It is the county seat of Clinton County. ; Memphis, Tenn.; and of course Louisville. We believe that a repair facility near a major airport offers our customers the advantage of quick turnaround for their repair operations." About Cerplex Cerplex is a leading independent provider of outsourcing services, including repair and remanufacturing, parts and logistics services. The company has developed extensive capabilities in these areas, focusing on the computer and peripherals, telecommunications, and office automation markets. Cerplex offers custom-developed programs to 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 and TPM (1) See TP monitor. (2) (Transactions Per Minute) The number of transactions processed within one minute. See TPS. (3) (Trusted Platform M customers that help to reduce their service costs, shorten response times and improve customer satisfaction. The company's headquarters is in Tustin, with service facilities throughout 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. and Europe. Visit Cerplex's home page at www.cerplex.com. -0- NOTE: This news story contains forward-looking statements that involve risks and uncertainties. The company's actual results may differ significantly from the results discussed in the forward-looking statements. Factors that might cause such differences include, but are not limited to, the effect of losses and other factors on the company's credit facilities credit facilities npl → facilidades fpl de crédito credit facilities npl → facilités fpl de paiement credit facilities , business and results of operations; the company's limited capital resources and its ability to fulfill its existing obligations and ongoing capital needs; risks associated with excess or obsolete inventory Obsolete Inventory Term that refers to inventory that is at the end of its product life cycle and has not seen any sales or usage for a set period of time usually determined by the industry. This type of inventory has to be written down and can cause large losses for a company. ; the company's dependence on key customers and their financial viability; the impact of competition; and the company's ability to manage growth effectively. These and other risk factors are discussed in the company's filing on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. , 10-Q and 10K. CONTACT: Cerplex, Tustin Joan Kerr, Manager Public Relations/Communications 714/258-5162 jkerr@cerplex.com |
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