SED International Holdings, Inc. Commences Stock Repurchase Program

Apr 11, 2001, 01:00 ET from SED International Holdings, Inc.

    ATLANTA, April 11 /PRNewswire/ --
 SED International Holdings, Inc. (Nasdaq:   SECX), today announced that the
 Company will initiate purchases of its common stock under a repurchase program
 that was previously authorized by the Company's Board of Directors.  Under the
 previously approved repurchase program the Company is authorized to purchase
 up to 2,000,000 shares of the Company's common stock through open market and
 private purchases.  The timing of the purchases, and the exact number of
 shares to be purchased, will be dependent upon market conditions.
     Commenting on the announcement, Gerald Diamond, Chairman and Chief
 Executive Officer, said, "The repurchase program is a good use of the
 Company's cash at this time, because the Company's stock is trading at
 attractive price levels."
 
     SED International, Inc., celebrating twenty proud years in business, is an
 international distributor and value-added services provider of computer and
 wireless technology throughout the United States, the Caribbean, and Latin
 America.  The Company has relationships with more than 30,000 value-added
 resellers, system builders, e-commerce resellers, dealer-agents, and
 retailers.  SED International serves its customers with more than
 5,000 products, fulfillment services, finance options, and e-commerce
 solutions.  The Company operates sales and distribution facilities in the
 U.S., Brazil, Argentina, Colombia, and Puerto Rico.  Because the Company has
 expertise in the computer and wireless industry, SED International is uniquely
 positioned to leverage the convergence of these technologies.  More
 information about SED International, Inc. can be found at www.sedonline.com.
 
     Certain matters discussed in this news release are forward-looking
 statements that involve a number of risks and uncertainties.  The Company
 cautions that various factors, including the factors described under the
 captions "Risk Factors" and "Management's Discussion and Analysis of Financial
 Condition and Results of Operations" contained in the Company's Registration
 Statement on Form S-3 (SEC File No. 333-35069) that could cause actual results
 to differ materially include the following: business conditions and growth in
 the personal computer, wireless industry, and general economy; competitive
 factors including compressed gross profit margins; inventory risks due to
 shifts in market demand; product availability; changes in product mix;
 reliance of key vendors or customers; labor strikes; fluctuations in foreign
 currency exchange rates; income tax legislation; and the risk factors listed
 from time to time in the Company's reports filed with the Securities and
 Exchange Commission.  The Company undertakes no obligation to update any
 forward-looking statement.
 
     For further information, please contact investors, Michael Mason,
 212-691-8087, michaelm@allencaron.com, or media, Kari Rinkeviczie,
 616-647-0780, kari@allencaron.com, both of Allen & Caron Inc, for SED
 International Holdings, Inc.; or Mark Diamond, President & COO of SED
 International Holdings, Inc., 770-491-8962, mdiamond@sedintl.com.
 
 

SOURCE SED International Holdings, Inc.
    ATLANTA, April 11 /PRNewswire/ --
 SED International Holdings, Inc. (Nasdaq:   SECX), today announced that the
 Company will initiate purchases of its common stock under a repurchase program
 that was previously authorized by the Company's Board of Directors.  Under the
 previously approved repurchase program the Company is authorized to purchase
 up to 2,000,000 shares of the Company's common stock through open market and
 private purchases.  The timing of the purchases, and the exact number of
 shares to be purchased, will be dependent upon market conditions.
     Commenting on the announcement, Gerald Diamond, Chairman and Chief
 Executive Officer, said, "The repurchase program is a good use of the
 Company's cash at this time, because the Company's stock is trading at
 attractive price levels."
 
     SED International, Inc., celebrating twenty proud years in business, is an
 international distributor and value-added services provider of computer and
 wireless technology throughout the United States, the Caribbean, and Latin
 America.  The Company has relationships with more than 30,000 value-added
 resellers, system builders, e-commerce resellers, dealer-agents, and
 retailers.  SED International serves its customers with more than
 5,000 products, fulfillment services, finance options, and e-commerce
 solutions.  The Company operates sales and distribution facilities in the
 U.S., Brazil, Argentina, Colombia, and Puerto Rico.  Because the Company has
 expertise in the computer and wireless industry, SED International is uniquely
 positioned to leverage the convergence of these technologies.  More
 information about SED International, Inc. can be found at www.sedonline.com.
 
     Certain matters discussed in this news release are forward-looking
 statements that involve a number of risks and uncertainties.  The Company
 cautions that various factors, including the factors described under the
 captions "Risk Factors" and "Management's Discussion and Analysis of Financial
 Condition and Results of Operations" contained in the Company's Registration
 Statement on Form S-3 (SEC File No. 333-35069) that could cause actual results
 to differ materially include the following: business conditions and growth in
 the personal computer, wireless industry, and general economy; competitive
 factors including compressed gross profit margins; inventory risks due to
 shifts in market demand; product availability; changes in product mix;
 reliance of key vendors or customers; labor strikes; fluctuations in foreign
 currency exchange rates; income tax legislation; and the risk factors listed
 from time to time in the Company's reports filed with the Securities and
 Exchange Commission.  The Company undertakes no obligation to update any
 forward-looking statement.
 
     For further information, please contact investors, Michael Mason,
 212-691-8087, michaelm@allencaron.com, or media, Kari Rinkeviczie,
 616-647-0780, kari@allencaron.com, both of Allen & Caron Inc, for SED
 International Holdings, Inc.; or Mark Diamond, President & COO of SED
 International Holdings, Inc., 770-491-8962, mdiamond@sedintl.com.
 
 SOURCE  SED International Holdings, Inc.