Commercial Consolidators: YAM Wireless Named Authorized Samsung Wireless Product Distributor For Central America and Caribbean.Business Editors TORONTO--(BUSINESS WIRE)--April 26, 2001 Agreement Includes Internet-Based Services to Support Samsung's Rapid Growth in the Region Commercial Consolidators Corp. (CDNX CDNX See Canadian Venture Exchange (CDNX). :CCZ CCZ Cyber Condition Zebra (Washington Naval Yard) CCZ Command and Control Zone CCZ Carlet-Charpin-Zinoviev (Equivalence Relation of Functions) .) (FRANKFURT:CJ9) is pleased to announce that Samsung Electronics Samsung Electronics (SEC, Hangul:삼성전자; KSE: 005930, KSE: 005935, LSE: SMSN, LSE: SMSD) is a South Korean multinational corporation and the world's largest and leading electronics and information technology company. 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. announced it has signed an agreement with YAM yam, common name for some members of the Dioscoreaceae, a family of tropical and subtropical climbing herbs or shrubs with starchy rhizomes often cultivated for food. The largest genus, Dioscorea, is commercially important in East Asia and in tropical America. Wireless Corporation ("YAM Wireless") to provide distribution and fulfillment services of wireless phones for Samsung Telecommunications for the northern region of Latin America and the Caribbean. The distribution agreement encompasses the countries of Venezuela, Colombia, Ecuador, El Salvador, Honduras, Guatemala, and the Caribbean Islands. YAM Wireless, a global value-added wireless logistics services leader, is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Commercial Consolidators Corp., a leading assembler and distributor of consumer electronics and business technologies to North, South and Central Americas. YAM Wireless will provide Samsung customers with complete end-user fulfillment services. Samsung's line of CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. wireless handsets includes internet enabled and voice-activated dialing models. Future products may include the watch-phone and television phone. "YAM Wireless will provide product fulfillment services to Samsung's customers throughout Central America and Caribbean" stated Shani Sasson, Vice President, Sales and Marketing, of the company. "Our proven logistical capabilities, customers service, real time information, and product offerings will greatly enhance the supply chain capabilities for Samsung in this region." "We look forward to a long lasting partnership that will enable YAM Wireless to distribute a wide range of Samsung wireless products," stated Gilbert Valdesuso, Director of SELA Samsung Electronics Latin America, Telecommunications Division. "In addition to having excellent quality high-end cellular telephones, the Samsung brand has excellent demand with telephone carriers and the distribution channel. This will be an important key to our mutual success, as prepaid off the shelf cellular telephones will be sold to the mass consumer market via mass merchants." Samsung Electronics Co., Ltd., with 1999 sales revenue of US$22.8 billion, is a world leader in the electronics industry. The Korea-based company has operations in about 50 countries with 54,000 employees worldwide. The company consists of three main business units: Digital Media, Semiconductors and Information & Communications Business. ABOUT COMMERCIAL CONSOLIDATORS CORP. Commercial Consolidators Corp. is a leading assembler and distributor of Consumer Electronics, and Business Technologies to the "Americas" (North, South and Central). The Company has achieved in excess of 50% per annum Per annum Yearly. growth in sales and earnings for the last three years. ON BEHALF OF THE BOARD OF DIRECTORS Michael Weingarten, Director & Chairman of the Board The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has neither approved nor disapproved the information contained herein. |
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