SYX Systemax Inc

Systemax Inc. (NYSE:SYX) a leading distributor and manufacturer of PC hardware, related computer products and industrial products in North America and Europe, today announced that it has increased its committed revolving credit facility from $70 million to an aggregate amount of up to $120 million with a group of financial institutions with JP Morgan Chase serving as Agent. This facility also replaces its GBP 15 million (US $27 million) facility and GBP 5 million (US$9 million) term loan in the United Kingdom. The facility will be available to the Company, its domestic subsidiaries and its United Kingdom subsidiary, Systemax Europe Ltd., for five years and is secured principally by accounts receivable and inventory and certain other assets. Steven Goldschein the Company's Chief Financial Officer, noted that the increased facility will provide the Company with more than adequate credit availability both in the U. S. and U. K. "We are pleased with the group of lenders that are participating and look forward to working with them as we grow the Company", he added. Systemax (www.systemax.com) utilizes an integrated system of branded e-commerce web sites, direct mail catalogs and relationship marketers to sell PC hardware, related computer products and industrial products in North America and Europe. Systemax is a Fortune 1000 company. Forward-Looking Statements This press release may contain forward-looking statements about the Company's performance. These statements are based on management's estimates, assumptions and projections and are not guarantees of future performance. The Company assumes no obligation to update these statements. Actual results may differ materially from results expressed or implied in these statements as the result of risks, uncertainties and other factors including, but not limited to: (a) unanticipated variations in sales volume, (b) economic conditions and exchange rates, (c) actions by competitors, (d) the continuation of key vendor relationships, (e) the ability to maintain satisfactory loan agreements with lenders, (f) risks associated with the delivery of merchandise to customers utilizing common carriers, (g) the operation of the Company's management information systems, and (h) unanticipated legal and administrative proceedings. Please refer to the Forward Looking Statements section contained in Item 7 of the Company's Form 10-K for a more detailed explanation of the inherent limitations in such forward-looking statements.