Avnet (NYSE: AVT) Announces Brilliant Digital Signage Suite of Services

Tallahassee, FL 1/13/12 (StreetBeat) -- Yesterday, Avnet Electronics Marketing Americas and Avnet Technology Solutions Americas, both business regions of Avnet, Inc. (NYSE: AVT), introduce Brilliant Digital Signage Suite of Services, a complete package of digital signage solutions. Combining Avnet’s hardware, software and technical expertise, Avnet’s Brilliant Digital Signage Suite of Services offers original equipment manufacturers (OEMs) and value-added resellers (VARs) complete end-to-end solutions for propelling digital display projects to market faster - turning everyday digital signage into results-generating marketing solutions for end customers.

By 2015, Intel estimates that approximately 22 million digital signs will be powered by 10 million media players globally*. Retail and “quick-serve” restaurants are just two of the market areas fueling this growth for digital signage. To generate impactful results from all of those digital displays, marketers will need to engage with technology experts to find innovative ways to leverage this growing technology to reach consumers.

Avnet will showcase several interactive demos of the latest digital signage technology at booth #359 during the 101st NRF conference, the National Retail Federation's annual conference and expo at the Jacob K. Javits Center in New York City, January 15-18. Avnet's Digital Signage group, representing Advantech, CopiaMobile, Intel, Planar, Real Digital Media and Samsung EBD, will be joined by IBM and key Avnet solution provider partners.

“Our Brilliant Digital Signage Suite of Services solidifies Avnet’s commitment to providing a comprehensive suite of services that can be tailored to fit each customer’s individual need,” said Chuck Kostalnick, senior vice president, Avnet Embedded. “We’ve created a service model that supports large-scale implementations as well as global, multi-faceted roll-outs, all backed by Avnet’s superior technical and integration support.”

As one of the world’s largest distributors of electronic components, embedded technology, and computer and IT solutions, Avnet combines its supply- and design-chain expertise and takes it a step further by offering a comprehensive line of services for any digital signage project with Brilliant Digital Signage Suite of Services. With industry-leading hardware and software from suppliers including AOpen, Intel, Microsoft, NEC, Popstar Networks, and Samsung, Avnet provides integrated digital display solutions for applications in retail, hospitality, healthcare and transportation.

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Avnet to Acquire Pinnacle Data for $22M, PNS Shares +105%

Orlando , FL 11/11/11 (StreetBeat) -- Avnet, Inc. (NYSE:AVT) announced yesterday that it has entered into a definitive agreement to acquire Pinnacle Data Systems, Inc. (AMEX: PNS) in an all-cash merger for $2.40 per share, which equates to an equity value of approximately $22 million as of September 30, 2011. The acquisition has been approved by the Boards of Directors of both companies, and is subject to the approval of PDSi's shareholders, as well as customary closing conditions. The transaction is expected to close in 60 to 90 days.

Founded in 1989, PDSi is a leading provider of application-specific hardware and global support solutions for the world’s largest OEMs. For the calendar year 2010, PDSi generated revenue of approximately US$29 million. PDSi will become part of Avnet Integrated Resources, which provides reverse logistics and after-market services to the global technology industry.

“This acquisition builds on our commitment to expand into adjacent businesses and puts in place a third and critical element in our new after-market services business to benefit industrial customers, consumers and the environment,” stated Steve Church, President, Avnet Integrated Resources. “PDSi’s talented employees expand the breadth of our expertise in this rapidly growing industry. With 22 years of experience in repair, refurbishment, recycling and responsible disposition of IT products, PDSi joins Avnet’s two other lifecycle management operations that specialize in cable TV equipment repair and cell phone repair, in serving the electronics reverse logistics industry.”

From facilities in Ohio, Singapore and the Netherlands, PDSi provides services and products for the telecom, imaging, defense/aerospace, medical, semiconductor, industrial automation and IT markets. PDSi provides a variety of engineering and manufacturing services for global OEMs requiring custom product design, system integration, repair programs, warranty management and specialized production capabilities. In addition to service offerings, PDSi’s product capabilities range from board-level designs to globally certified, fully integrated systems. The investment is expected to be immediately accretive to earnings and supports Avnet’s return on capital goal of 12.5%.

Pinnacle Data's shares are currently trading at $2.36, up 105%.

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