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This company reports after the bell thursday and I hear that its going to be very good. I also know for fact that thay have a contract with HSN, home shopping network. SECX should have a nice jump on this info comming tommarrow
SEXC 8k SED International Holdings’ Board of Directors Extends Stock Repurchase Program
TUCKER, GA – September 24, 2010 – SED International Holdings, Inc. (OTCBB:SECX), a multinational supply chain management provider and distributor of leading computer technology, consumer electronics, small appliances and cellular products, today announced that on September 22, 2010, its Board of Directors reserved an additional $150,000 for repurchases under the Company’s stock repurchase program pursuant to which SED may buy back shares of its common stock in the open market or in individually negotiated transactions.
“Extending our repurchase program reflects our ongoing commitment to increasing shareholder value and reinforcing our belief that SED represents a compelling investment opportunity. We believe our strong performance for fiscal 2010, and strategic growth initiatives for fiscal 2011 provide evidence of our ability to develop our business and exciting new prospects for our future corporate and financial growth,” said Jonathan Elster, SED’s President and Chief Executive Officer.
This extension brings the aggregate amount authorized by SED’s Board of Directors to $350,000 for repurchases of its common stock since the inception of its repurchase program in August 2009. As of June 30, 2010, SED had repurchased a total of 51,608 shares of its common stock at an average cost of $2.36 per share.
Open market purchases under the repurchase program have been structured to comply with Rule 10b-18 of the Securities Exchange Act of 1934, as amended, does not obligate SED to acquire any specific number of shares and may be suspended or terminated by SED’s Board of Directors at any time.
The repurchase program will be funded using SED's working capital. Repurchased shares will be retired and restored to the status of authorized and unissued shares or added to treasury shares, in either case, increasing the percentage ownership of all existing shareholders.
As of September 22, 2010, the closing price per share of SED's common stock was $2.68.
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 Form 10-K for the fiscal year ended June 30, 2010.
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SED International Holdings Names Jonathan Elster President and Chief Operating Officer
Jun 3, 2009 3:45:00 PM
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View Additional ProfilesTUCKER, Ga., June 3 /PRNewswire-FirstCall/ -- SED International Holdings, Inc. (OTC Bulletin Board: SECX), a multinational supply chain management provider and distributor of leading computer technology, wireless communications and consumer electronics, today announced the promotion of Jonathan Elster, to President and Chief Operating Officer of SED from his current position as Executive Vice President.
Mr. Elster began his career with SED in 1995 as a sales representative, rising to Sales Manager in 1997 and then Vice President of Sales in 1999. In 2000, Jonathan was promoted to Senior Vice President of Sales and Marketing and continued in that position until being named Executive Vice President in January 2004.
"We are very proud to name Jonathan as SED's President and COO," stated founder, Chairman and CEO Jean Diamond. "Through his hard work and dedication to our Company over the past 14 years, coupled with his proven knowledge of our industry, he has earned the respect and admiration of our employees, business partners and customers. His proven sales track record and accomplished management skills will undoubtedly prove essential to SED achieving its long term growth objectives."
ABOUT SED INTERNATIONAL HOLDINGS, INC.
Founded in 1980, SED International Holdings, Inc. is a multinational, preferred distributor of leading computer technology, wireless communications and consumer electronics 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.
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 Form 10-K for the fiscal year ended June 30, 2008 and Form 10-Q for the quarter ended March 31, 2009.
FOR MORE INFORMATION, PLEASE CONTACT
Elite Financial Communications Group, LLC
Dodi Handy, President and CEO
Tiffany Korkis or Kathy Addison, Directors of Elite Media Group
407-585-1080 or via email at SECX@efcg.net
SOURCE SED International Holdings, Inc.
----------------------------------------------
Dodi Handy
President and CEO of Elite Financial Communications Group
LLC; or Tiffany Korkis or Kathy Addison
Directors of Elite Media Group
+1-407-585-1080
SECX@efcg.net
SED International Launches Enhanced Website
May 12, 2009 3:52:00 PM
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View Additional ProfilesTUCKER, Ga., May 12 /PRNewswire-FirstCall/ -- SED International Holdings, Inc. (OTC Bulletin Board: SECX), a multinational supply chain management provider and distributor of leading computer technology, wireless communications and consumer electronics, today announced the release of an enhanced e-commerce site for its customers.
The site's address remains unchanged at www.SEDOnline.com. Improvements include enhanced search, richer content and easier navigation.
"This is a big deal," said Rob Kalman, Vice President of U.S. Marketing for SED. "We asked our customers what we can do to improve their online experience with us, and have incorporated their feedback into this major redesign of our site. Not only are searches much easier and faster, but customers can access multiple product views and other content, such as user manuals and product brochures."
To help kick-off the new site, SED will be offering a special each day during the month of May exclusively available to customers using SEDOnline. Once a customer logs in, they will see that day's special along with other web offers in its Closeouts and Instant Rebates sections.
SED will be rolling out additional web enhancements and features during the month of May, some of which are already slated and others which will be developed from further customer feedback.
Current benefits of SEDOnline which will continue to be available includes free shipping on orders over $750 for most products, real time price and availability, web specials and closeouts, order placement and tracking, and 24/7 availability.
ABOUT SED INTERNATIONAL HOLDINGS, INC.
Founded in 1980, SED International Holdings, Inc. is a multinational, preferred distributor of leading computer technology, wireless communications and consumer electronics 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.
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 Form 10-K for the fiscal year ended June 30, 2008 and Form 10-Q for the quarter ended December 31, 2008.
FOR MORE INFORMATION, PLEASE CONTACT
Elite Financial Communications Group, LLC
Dodi Handy, President and CEO
Tiffany Korkis or Kathy Addison, Directors of Elite Media Group
407-585-1080 or via email at SECX@efcg.net
SOURCE SED International Holdings, Inc.
----------------------------------------------
Dodi Handy
President and CEO of Elite Financial Communications Group
LLC
or Tiffany Korkis or Kathy Addison
Directors of Elite Media Group
+1-407-585-1080
SECX@efcg.net
SED International Holdings to Report Third Quarter 2009 Results on Friday, May 15, 2009
May 5, 2009 3:40:00 PM
Email Story Discuss on ZenoBank
View Additional ProfilesManagement to Host Teleconference and Webcast on Monday, May 18, 2009 Beginning at 4:15 PM ET
TUCKER, Ga., May 5 /PRNewswire-FirstCall/ -- SED International Holdings, Inc. (OTC Bulletin Board: SECX), a multinational supply chain management provider and distributor of leading computer technology, wireless communications and consumer electronics, today announced that it will report its results of operations for the three and nine months ended March 31, 2009, on Friday, May 15, 2009.
SED will also host a teleconference on Monday, May 18, 2009 beginning at 4:15 PM Eastern, and invites all interested parties to join management in a discussion regarding its financial results, corporate progression and other meaningful developments. The conference call can be accessed via telephone by dialing toll free 1-877-941-2068 or via webcast on www.SEDonline.com. For those unable to participate at that time, a replay of the webcast will be available for 90 days on www.SEDonline.com.
ABOUT SED INTERNATIONAL HOLDINGS, INC.
Founded in 1980, SED International Holdings, Inc. is a multinational, preferred distributor of leading computer technology, wireless communications and consumer electronics 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.
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 Form 10-K for the fiscal year ended June 30, 2008 and Form 10-Q for the quarter ended December 31, 2008.
FOR MORE INFORMATION, PLEASE CONTACT
Elite Financial Communications Group, LLC
Dodi Handy, President and CEO
Tiffany Korkis or Kathy Addison, Directors of Elite Media Group
407-585-1080 or via email at SECX@efcg.net
SOURCE SED International Holdings, Inc.
----------------------------------------------
Dodi Handy
President and CEO of Elite Financial Communications Group
LLC
or Tiffany Korkis or Kathy Addison
Directors of Elite Media Group
+1-407-585-1080
SECX@efcg.net
this stock has made a great move in the past 40 days. I think it could go much higher.
I know nobody is following this stock, but I have been tucking away some shares and it is paying off nicely. The float is only 3.2 million!!! Which is CRAZY!!!! A little buying pressure here and forget about it. This stock will be uplisted anyways in the near future IMO. Their REVENUES are HUGE!!!. Anyways, if someone notices this stock, and takes the time to do the DD on it, they will surely have a GEM. Nice chart too - just not consistent volume.
Hmm not too sure. we'll have to do more DD on this one.
I'm unsure as well. But I do know one thing. This stock is on fire!!!
Not sure why the reverse split with such a low OS???
I found it. I don't think those numbers are right on yahoo. I looked all over the financials and the best I could find was $0.10. Maybe I missed it...
I checked pinksheets dot com and I see $0.03 on the 10Q and $0.10 on the 10K?
yahoo finance. :D
SED'S Board of Directors Approves Reverse Stock Split
TUCKER, Ga., Dec 04, 2006 /PRNewswire-FirstCall via COMTEX/ -- SED International Holdings, Inc. (Pink Sheets: SECX), today announced that its Board of Directors has approved, subject to shareholder approval at a Special Meeting, an amendment to SED's Certificate of Incorporation to implement a reverse stock split of its issued and outstanding shares of Common Stock, par value $.01 per share, at a range of one-for-fifty to one-for-one hundred shares at anytime prior to the end of the Company's fiscal year ending June 30, 2007.
About SED International Holdings, Inc.:
Where did you get the diluted EPS as $0.25?
If you want to make some serious money just check out the chart on this one!!
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