SED International Holdings Gains Approval for NYSE Amex Listing
February 24 2011 - 4:25PM
Business Wire
SED International Holdings, Inc. (OTCQB: SECX), a
multinational supply chain management provider and distributor of
leading computer technology, consumer electronics, small appliances
and cellular products, today announced that its common stock has
been approved for listing on NYSE Amex. The Company's common stock
is expected to begin trading on NYSE Amex under the ticker symbol
“SED” on March 1, 2011.
“Our listing on the NYSE Amex exchange marks an exciting
achievement among our corporate goals,” said Jonathan Elster, SED’s
President and Chief Executive Officer. “Consistent with our growth
strategy, we believe this listing will raise our investment profile
among a broader range of investors, improve our stock liquidity and
increase our visibility with current and potential customers. With
our share price appreciating approximately 68% in 2010 and over 30%
since the beginning of 2011, we hold strong fundamentals and a
compelling growth proposition that have paved the way for
heightened institutional activity and attracting sell-side
interest. We are extremely pleased to be a part of the NYSE Amex
and affirm our steadfast commitment to creating additional value
for our shareholders.”
In accordance with standard listing approval requirements of
NYSE Amex, SED’s listing is contingent upon the Company being in
compliance with all applicable listing standards on the date it
begins trading on NYSE Amex, and may be rescinded if the Company is
not in compliance with such standards on that date.
ABOUT SED INTERNATIONAL HOLDINGS, INC.
Founded in 1980, SED International Holdings, Inc. is a
multinational, preferred distributor of leading computer
technology, consumer electronics, small appliances and cellular
products. The Company also offers custom-tailored supply chain
management services ideally suited to meet the priorities and
distribution requirements of the e-commerce, Business-to-Business
and Business-to-Consumer markets. Headquartered near Atlanta,
Georgia with business operations in California; Florida; Georgia;
Texas; Bogota, Colombia and Buenos Aires, Argentina, SED serves a
customer base of over 10,000 channel partners and retailers in the
U.S. and Latin America. To learn more, please visit
www.SEDonline.com; or follow us on Twitter @SEDIntl.
Statements made in this Press Release that are not historical or
current facts are "forward-looking statements.” These statements
often can be identified by the use of terms such as "may," "will,"
"expect," "believes," "anticipate," "estimate," "approximate" or
"continue," or the negative thereof. The Company wishes to caution
readers not to place undue reliance on any such forward-looking
statements, which speak only as of the date made. Any
forward-looking statements represent management's best judgment as
to what may occur in the future. However, forward-looking
statements are subject to risks, uncertainties and important
factors beyond the control of the Company that could cause actual
results and events to differ materially from historical results of
operations and events and those presently anticipated or projected.
These factors include adverse economic conditions, entry of new and
stronger competitors, inadequate capital, unexpected costs, failure
to gain product approval in foreign countries and failure to
capitalize upon access to new markets. The Company disclaims any
obligation to revise any forward-looking statements to reflect
events or circumstances after the date of such statement or to
reflect the occurrence of anticipated or unanticipated events.
These factors and others are discussed in the "Management's
Discussion and Analysis" section of the Company's Reports on Forms
10-K and 10Q available at www.sec.gov.