GE Supply Announces New Business Unit: GE Supply Logistics, LLC.

Business/Technology Editors

SHELTON, Conn.--(BUSINESS WIRE)--May 8, 2002

GE Supply, the electrical products distribution business of the General Electric Company (NYSE: GE), announces the formal launch of GE Supply Logistics, LLC. The new GE Supply business unit is the result of the acquisition of the assets of Questron Technology, Inc. and its subsidiaries. In April, GE Supply won a bankruptcy court-approved auction of Questron's assets and the GE Supply-Questron transaction has received all necessary approvals. Questron filed for Chapter 11 protection in February.

GE Supply Logistics provides supply chain management solutions and inventory logistics management programs through two operating units: GE Supply Logistics and GE Supply Aerospace Logistics. Based in Dallas, Texas, the business employs close to 400 in 35 locations nationwide.

GE Supply President and CEO Bill Meddaugh has named Jason Jones as President and General Manager of GE Supply Logistics. Jones is a graduate of Texas A&M University with a Bachelor's degree in industrial engineering. He began his GE career in the Company's Distribution Management Program and served on the GE Corporate Audit Staff. He has extensive international and broad functional experience, most recently leading GE Supply's distribution operation.

Customer base synergy

According to Jones, "the addition of Questron Technology's assets presents GE Supply with an excellent opportunity to complement our already expanding value proposition in terms of fulfilling customer requirements. Utilizing their integrated logistics management programs for small commodity parts and GE Supply's expertise as an international electrical distributor, GE Supply Logistics will be able to deliver new levels of service. The combined organizations will also benefit from a natural synergy between our mutual customer bases, which include the aerospace industry, commercial and industrial users, and OEMs."

About GE Supply

GE Supply is a full-line, international distributor of electrical products, aerospace parts, power generation products, voice and datacom equipment and supplies from GE and other leading manufacturers. It serves electrical contractors, industrial and commercial users, engineer constructors, OEMs, utilities and the aerospace industry. Its operating units include GE Supply, GE Structured Services, and GE Supply Logistics. GE Supply supports its customers with service offerings including the National Sales Center, National Tech Center, Product Specialist Network, 24-hour Internet Ordering and e-Commerce services, Hub and Spoke Distribution facilities, and 24-hour emergency service. Headquartered in Shelton, Connecticut, the company utilizes 4.5 million square feet of warehouse space and has more than 150 branch offices and five distribution Hubs throughout the U.S., Mexico, South America, Ireland, the Middle East and Southeast Asia. GE Supply can be reached at [phone]; Web site www.gesupply.com