FOR IMMEDIATE RELEASE:
America II Electronics Enters Strategic Alliance with PromiereSM, An Avnet Company, To Support Inventory Exchange
Hosted Exchange Is Part of Prómiere's Information and Services Offering
St. Petersburg, Florida October 25, 2001 - America II Electronics announces a strategic alliance with Prómiere to power market exchange as part of Prómiere's suite of exchange services. America II contributes its expertise in excess inventory management, giving Prómiere customers access to a market to buy and sell parts. Under the alliance, America II will provide the support for Promiere's market exchange, including order processing, inventory management, ISO 9002-certified final inspection, and shipping. Prómiere is a unique bundling of information and services for the electronics manufacturing industry offered by Avnet. Prómiere provides customers with a wide range of options for solving inventory balancing problems.
"The ultimate goal is to relieve the customers inventory burden caused by over-forecast,
decline in demand and engineering changes," explained America II President Jim Magee.
"With America II providing the greatest possible return on original inventory investment,
customers are free to focus on new designs and the future of their businesses. It's the
very reason excess inventory exchanges were called into existence," he said.
"In our continuing effort to support the entire design and supply chain with the widest range of
options, we chose America II as a Prómiere alliance because of that company's unique combination of existing infrastructure, financial strength, experienced senior leadership and intellectual property in the management of excess inventory," said Glenn Bassett, Prómiere general manager. "Combining America II's strength with our ability to focus on and solve previously un-addressed customer issues will enable us to provide a complete solution for our customers," he added.
About America II
Established in 1989, America II Electronics, Inc. ranks as one of the world's largest independent distributors of semiconductors and passive components. From its St. Petersburg, Florida headquarters, the distributor delivers commodity product as well as allocated, obsolete, and hard-to-find parts. America II's ISO 9002-certified, EOS/ESD compliant warehousing and logistics center equals 200,000 square feet with an additional 80,000 square foot facility designated for component inventory under construction. From these secured facilities, America II provides a full menu of value-added and inventory management services. Beginning in January 2000, America II physically extended its service and standards to customers across the globe by establishing America II Europe (Stevenage, UK), America II de Mexico (Guadalajara, Mexico) and America II Asia (Yokohama, Japan).
About Promiere
A unique bundling of service offerings developed through alliances with best-in-class companies, Prómiere optimizes the supply web and provides a single source of information and services for the electronics industry. Prómiere has combined the expertise of Avnet Electronics Marketing, America II, Cadence, i2 Technologies, PMG and SpinCircuit to address the entire product development cycle, including design chain, supply chain, and exchange services. Providing schematic symbols, parametric and transactional data, Prómiere creates supply chain visibility, insight and solutions. Visit the Prómiere Web site at www.promiere.com or call 1-8PROMIERE1.
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