KLGE: Distro news that caused this past run. Ingram Micro.. catalogers. It's not Best Buy but hey, it's better than nothin! Watching movement closely.
Klegg Electronics Joins the Ingram Express Global Distribution Program
Wednesday January 3, 7:25 am ET
LAS VEGAS--(BUSINESS WIRE)--Klegg Electronics, Inc. (Pink Sheets: KLGE - News), announced today that they have signed an agreement with Global Marketing Partners Inc, (GMP) establishing access to the Ingram Express Global Distribution Program. The program is designed to assist new manufacturers in entering the Ingram Micro Inc. (NYSE: IM - News) vendor network. This new agreement will give Klegg Electronics access to Ingram Micro's world class distribution, logistics and broad retailer customer base.
The first Klegg product to be offered through the distribution program will be the Klegg Media Center Television. The Klegg Media Center Television allows viewers to download movies, television shows and music from the internet; pause, play and record live television, just like a DVR, and record programs to DVDs or CDs. The Klegg Media Center Television will appear online and in retailers through the Ingram Express Distribution Program in mid-January 2007.
Klegg's new Genesis brand flat panel televisions, Klegg Mini MP3 player, and other soon to be announced products will also be part of the Ingram Express Global Distribution Program beginning in late January 2007. Klegg's Genesis brand features the same quality components and performance as Klegg Electronics, but is geared to a broader consumer electronics market with lower pricing and an expanded retail distribution program.
Dennis Gentles, CEO of Klegg Electronics said, "Over the past year Klegg has worked to lay the groundwork to support the January 2007 Genesis launch through strategic alliances, technological acquisitions and marketing initiatives. We view the Ingram Express Global Distribution Program as a key component in Klegg's successful expansion of its retail distribution network."
About Ingram Micro
As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics services, technical support, financial services, and product aggregation and distribution. The company serves 140 countries and is the only global IT distributor with operations in Asia. Visit www.ingrammicro.com.
About Klegg Electronics, Inc.
Klegg Electronics, Inc. (Pink Sheets:KLGE - News) is a manufacturer and distributor of high quality consumer electronics focused on designing a variety of digital media and entertainment products that work seamlessly together for today's automated smart homes. Kleggs' product line includes ultra thin vibrant flat panel TVs, state-of-the art media servers, home theater systems and MP3 and portable media players. Klegg distributes its high-end home electronics through specialty stores and custom integration dealers nationwide. The Company plans to launch the KLEGG GENESIS line of moderately priced TVs and portable electronics during the 2007 Consumer Electronics Show held in Las Vegas from January 8th - 11th . The corporation is headquartered in Las Vegas, NV. Learn more about Klegg Electronics at www.klegg.com
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond our control that could cause actual events and results to differ materially from these statements. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Klegg undertakes no obligation to update publicly any forward-looking statements.
Contact:
Klegg Investor Relations
Mike Jacobs, 888-465-5344 X750
