TigerDirect Reaches the Top 10 Ranking in Computer Shopping Website Visits
November 09 2005 - 7:25AM
Business Wire
According to research provided by Hitwise, Tiger Direct, Inc.
(www.tigerdirect.com; http://www.tigerdirect.com), a division of
Systemax, Inc. (NYSE:SYX), a leading mail-order and internet
retailer of computer hardware and components, ranked sixth in
market share of visits among computer shopping websites for October
2005. TigerDirect captured 3.17% share of all visits to the Hitwise
Shopping & Classifieds - Computer category, and outranked such
name-brand web sites as those run by Gateway, Apple, CompUSA,
Buy.com, and Toshiba. "Our remarkable slice of website traffic in
our industry is a direct result of our unyielding commitment to
meet the needs of the millions of people who shop on our web site,"
said Gilbert Fiorentino, Chief Executive Officer of Tiger Direct,
Inc. "Because our work ethic is entirely based on customer
satisfaction, we have created a corporate environment in which the
duties of each of our employees center around pleasing the
customer. It is our mission to offer our customers the largest
selection of quality, name-brand products at the best prices. But
most importantly we provide support and guidance 24-hours a day,
each day of the year. This hard-earned ranking tells us we're doing
our job well," Fiorentino said. "We have the industry's friendliest
website - packed with more than 100,000 computer and electronics
products," Fiorentino said. "We have the widest selection, the top
brands, the most reliable delivery, and the best customer care
anywhere. Our website is our way of informing our customers that
they have the luxury to stay home and enjoy their families. We'll
take care of the rest." About Systemax Systemax has developed an
integrated system of branded e-commerce web sites, direct mail
catalogs, and relationship marketing to sell private label and
name-brand PC hardware, related computer products, and industrial
products to businesses in North America and Europe. Systemax is a
Fortune 1000 company. Forward-Looking Statements: This news release
may include certain forward-looking statements. Forward-looking
statements may include, but are not limited to, projections of
revenue, income or loss and capital expenditures, statements
regarding future operations, financing needs, plans relating to
products or services of the Company, assessments of materiality,
predictions of future events and the effects of pending and
possible litigation, as well as assumptions relating to the
foregoing. In addition, when used in this discussion, the words
``anticipates'', ``believes'', ``estimates'', ``expects'',
``intends'', ``plans'' and variations thereof and similar
expressions are intended to identify forward-looking statements.
Such forward-looking statements are subject to various risks and
uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors, including but not
limited to (i) the Company's ability to manage rapid growth as a
result of internal expansion and strategic acquisitions, (ii) the
effect on the Company of volatility in the price of paper and
periodic increases in postage rates, (iii) the operation of the
Company's management information systems, including the costs and
effects associated with the year 2000 date change problem, (iv) the
general risks attendant to the conduct of business in foreign
countries, including currency fluctuations associated with sales
not denominated in U.S. dollars, (v) significant changes in the
computer products retail industry, especially relating to the
distribution and sale of such products, (vi) competition in the PC,
notebook computer, computer related products and industrial
products markets from superstores, direct marketers, the Internet
and other retailers, (vii) the potential for expanded imposition of
state sales, use or other taxes and additional government
regulation on direct marketers, (viii) the continuation of key
vendor relationships, including the ability to continue to receive
vendor supported advertising, (ix) timely availability of existing
and new products, (x) risks involved with e-commerce, including the
possible loss of business and customer dissatisfaction if outages
or other computer-related problems should preclude customer access
to the Company, (xi) risks associated with delivery of merchandise
to customers by utilizing common delivery services such as UPS,
including possible strikes, (xii) risks due to shifts in market
demand and/or price erosion of owned inventory, (xiii) borrowing
costs, (xiv) changes in taxes due to changes in the mix of U.S. and
non-U.S. revenue, (xv) pending or threatened litigation and
investigations and (xvi) the availability of key personnel, as well
as other risk factors. These factors are discussed in greater
detail in ``Item 7, Management's Discussion and Analysis of
Financial Condition and Results of Operations -- Forward-Looking
Statements'' in the Company's Annual Report on Form 10-K for the
year ended December 31, 2004 as filed with the Securities and
Exchange Commission.
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