Creative Computers Leases 325,000 Square Foot Distribution Facility To Accommodate Growth; Secures $50 Million Line Of Credit; Introduces Internet Worldwide Web Site and Online Catalog.TORRANCE, Calif.--(BUSINESS WIRE)--Sept. 25, 1995--Creative Computers, Inc. ("Creative")(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 :MALL) today announced that the Company has entered into a lease for a 325,000 square-foot distribution facility in Memphis, Tennessee For the ancient Egyptian capital, see . Memphis is a city in the southwest corner of Tennessee, and the county seat of Shelby County. Memphis rises above the Mississippi River on the 4th Chickasaw Bluff just below the mouth of the Wolf River. . The new distribution facility more than triples Creative's current warehouse space. The lease allows Creative to occupy 220,000 square feet upon completion of the building, and to expand to 325,000 square feet in approximately 18 months. The need for the additional space is a result of Creative's more than 100 percent growth over the past five years. "After evaluating competing sites we chose Memphis due to our strong relationship with Federal Express and our satisfaction with Federal Express' great service, the close proximity of major computer industry distributors, including Ingram Micro Ingram Micro, Inc. NYSE: IM a Fortune 100 company founded in 1979 and based in Santa Ana, California. It is the world’s largest technology distributor and a leading technology sales, marketing and logistics company. and Intelligent Electronics, and the favorable business climate offered by the City of Memphis and the County of Shelby," stated Frank Khulusi, chairman and chief executive officer. "We are very excited about the benefits of moving our warehouse facility to an air freight air freight n → flete m por avión air freight n → fret aérien air freight air n → Luftfracht f hub city Hub (Urdu: حب ) city is located in Hub Tehsil of Lasbela District in Balochistan, Pakistan. See also
EST abbr. electroshock therapy )," added Khulusi. "We anticipate that with the new cut-off time, we will be able to generate incremental sales from customers who wish to order during those later hours." New $50 Million Credit Facility Creative also announced that the Company has received a new $50 million credit facility with its current lender, Deutsche Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . The terms and conditions of the credit facility are essentially the same as the $35 million credit facility it replaced. Due to the Company's tremendous growth and what historically has been the busiest time of the year ahead, Creative has determined a possible need for an increased credit facility to accommodate sales in the upcoming months. "We believe our ability to obtain this facility indicates the financial strength of the Company and our recognition as one of the leaders in the personal computer direct mail market," stated Khulusi. New Internet See Web 2.0 and Internet2. Worldwide Web Site and Online Catalog Similar to an online library or databases in the information storage respect, ‘’’online catalogs’’’ allow potential customers to browse a company’s items for sale from a different location using the internet. Beginning today, Creative Computers' new Internet Worldwide Web site and online catalog will be available to the millions of Internet users. "We are very excited about the great possibilities which we now have with our worldwide web site and the opportunities of generating incremental customers as well as better serving our existing customer base," said Khulusi. The URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. addresses for the Creative Computers Worldwide Web site are as follows: http://www.CreativeComputers.com http://www.MacMall.com http://www.PC-Mall.com Users can choose to retrieve selected MacMall or PC Mall products, pricing and ordering information. Users will be able to access answers to frequently asked technical support questions, send e-mail to Creative's customer service and technical support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to resolve questions, learn about Creative's sweepstakes and free product offers, order catalogs, send feedback to the Company, and search for products. Creative Computers' Internet Worldwide Web site and online catalog will continue to be enhanced, expanded and refined over time. DataCom Mall product information will be added in the near future. Creative Computers, Inc. is a direct marketer of personal computer hardware, software and peripheral products for users of Apple Macintosh Apple Macintosh - Macintosh and DOS/Windows personal computers. The Company offers over 12,000 products to its customers through its distinctive, full-color MacMall and PC Mall catalogs, and other promotional materials. The Company's staff of over 250 knowledgeable telemarketing, customer service and technical support personnel work together to provide high level customer service and gain customer loyalty. Customers may call MacMall telemarketing representatives at (800) 222-2808 and PC Mall representatives at (800) 555-MALL. For more information on Creative Computers via facsimile at no cost, simply call 1-800-PRO-INFO and dial client code 066. CONTACT: Creative Computers, Inc. Frank Khulusi, Chairman & Chief Executive Officer 310/787-4500 Grant Trexler, Chief Financial Officer 310/787-4500 or Financial Relations Board Jody Martin, General Information 310/442-0599 Tom Ekman, Analysis Contact 310/442-0599 |
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