SANTA MONICA, Calif., Jan. 21 /PRNewswire/ -- Osicom Technologies, Inc. (Nasdaq: FIBR) today announced it has signed a distribution agreement with Merisel, Inc. (Nasdaq: MSEL), under which Merisel 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 its extensive base of value-added resellers in the United States and Canada. "We're pleased to have this opportunity to offer Osicom's award-winning networking products to Merisel resellers," said John Hwang, president of Osicom's Indirect Sales Channels Division. This agreement for the United States and Canada significantly strengthens our presence in the indirect channels, complementing the recently announced distribution agreement with Tech Data Corporation covering the United States, Canada, Europe, Latin America, and the Caribbean. Hwang also noted that the initial focus of the agreement will be on promoting Osicom's award-winning NetHopper(TM) Remote Access router and the award-winning ROUTERMate-Plus router because of the high demand in the market for remote network access and switching technologies. Merisel resellers will be able to access Osicom's product information and place their orders via the world wide web at the company's @Merisel Web site, http/www.merisel.com. Merisel is the first national distributor to offer a web-based order-entry system to resellers throughout the U.S. and Canada. Merisel, Inc. is a leader in the distribution of computer hardware and software products. The company holds Fortune 500 status, with 1995 sales of $6 billion. Merisel distributes a full line of 25,000 products from the industry's leading manufacturers to more than 45,000 resellers. Merisel offers extensive support services, including training, marketing, technical support, configuration, merchandising, telemarketing, information services and third party financing. @Merisel, the company's corporate home page, is located at http://www.merisel.com. 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 complimentary 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- 1/21/97 /CONTACT: Product Information: Bob Christian, 510-445-3900 of Osicom, or Investor Relations: 800-400-5565/ (FIBR MSEL) CO: Osicom Technologies, Inc.; Merisel, Inc. ST: California IN: CPR SU: -0- (PRN) Jan/21/97 8:52 EOS (PRN) Jan/21/97 08:52 86 â -0- (PRN) Jan/21/97 9:07
OSICOM TECHNOLOGIES ANNOUNCES DISTRIBUTION AGREEMENT WITH
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