FOR IMMEDIATE RELEASE:

Customer Demand Prompts New Warehouse Acquisition by America II Electronics

St. Petersburg, Fla. March 21, 2000 - America II Electronics this month acquired a fourth warehouse. The facility, adjacent to the company's current 200,000 square foot sales, warehousing, and conferencing complex, places 156,000 square feet of additional space under America II ownership.

America II Operations Director Dave Loney expects full integration of the new space into America II processes by mid-summer. Until then, the company will continue to operate out of three warehouses on its corporate site. Two of these warehouses reserved for consigned inventory are near capacity, and the new warehouse space will be dedicated to the same purpose in order to make room for increasing customer demand.

That demand stems from America II's exploding excess inventory, consignment, and mature product marketing programs, such as those the company has established with Xicor, Inc. and ICS in recent months. These customized programs, aimed at providing total solutions to customers from logistical support and product marketing to asset recovery, are increasingly bringing more inventory to America II, and adding to its list of strategic partners. "We knew we had very unique programs to offer, and it was just a matter of time before the excess, consignment, and mature product programs reached maturity. Now they have and we are growing to accommodate our increased customer demand. The new warehouse space will help enable that," Loney explains. Logistical and inventory management agreements with internet companies, such as the alliance struck between America II and FastParts.com, are also driving the company's need for expansion.

Other moves to meet existing customer demand include graduating a new sales class from the America II University program in February, drawing closer to the company's goal of growing its force to 250 representatives by the end of the year.

Download PDF file.