with Southern Electronics Corp. SANTA MONICA, Calif., Jan. 17 /PRNewswire/ -- Osicom Technologies, Inc. (Nasdaq: FIBR) today announced a distribution agreement with Southern Electronics Corporation (Nasdaq: SECX), under which Southern Electronics Corporation will distribute Osicom's complete line of remote access products, including remote access servers, leased-line and dial-up routers, ethernet switches, hubs, and network print servers, to value-added resellers and dealers throughout the United States and Latin America. "We're excited to be able to offer Osicom's networking products to our value-added resellers and dealers," said Mark Diamond, Executive Vice President of Southern Electronics Corporation. "Networking is a rapidly growing product category and Osicom's product line, especially their award-winning remote access products such as the NetHopper(TM) and ROUTERMate-Plus routers, will be important additions to our product offerings." Southern Electronics Corporation, headquartered in Atlanta, distributes microcomputers, computer peripheral products, and cellular telephone products to value-added resellers and dealers. The company's stock is traded on the Nasdaq National Market under the symbol SECX. Osicom Technologies is a Santa Monica, Calif. based company engaged in design, manufacture, and marketing of transmission, networking, remote access, and connectivity products for use in local area networks, wide area networks, and broadband global networks. The company, through a strategy of both internal development and acquisition of complementary advanced technologies, is one of the leading suppliers of networking products to provide a seamless infrastructure linking geographically dispersed networks and to provide integrated solutions for voice, data and video communications networks. Osicom's products include high-performance network adapters, concentrators, routers, hubs and switches, remote access products, print servers, frame relay encryption devices, video switches and routers, and a family of products to build broadcast systems over copper, fiber optic, or wireless transmission media. Additional information about Osicom's products and services, financial data, and other information can be found at the company's web site on the Internet at http://www.osicom.com. Except for the historical information contained herein, the matters discussed in this news release are forward looking statements that involve risks and uncertainties. The forward looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the company's ability to develop, produce, and market products that incorporate new technology on a timely basis, that are priced competitively and achieve significant market acceptance; higher expenses associated with the development and marketing of new products; changes in product mix; risks of dependence on third party component suppliers; inventory risks due to shifts in market demand; the presence of competitors with broader product lines and greater financial resources; intellectual property rights and litigation; needs for liquidity; and the other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission. SOURCE Osicom Technologies, Inc. -0- 01/17/97 /CONTACT: Product Information: Bob Christian of Osicom, 510-445-3900, or Investor Relations: 800-400-5565 or Ray Risner, President & COO of Southern Electronics Corp., 800-444-8962/ (FIBR SECX) CO: Osicom Technologies, Inc.; Southern Electronics Corporation ST: California, Georgia IN: CPR SU: -0- (PRN) Jan/17/97 8:52 EOS (PRN) Jan/17/97 08:52 86 â -0- (PRN) Jan/17/97 9:07
OSICOM TECHNOLOGIES ANNOUNCES DISTRIBUTION AGREEMENT
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