SAN JOSE, Calif., July 17 /PRNewswire/ -- Hello Direct, Inc.
(Nasdaq: HELO) today announced that its largest shareholder, Crosspoint
Ventures Partners II, has distributed its holdings of Hello Direct to its
limited partners. The distribution of approximately 1.2 million shares took
place yesterday.
"The long-standing support of Crosspoint Ventures was important to the
early development and success of Hello Direct," said Alec Glover, Hello
Direct's president and chief executive officer. "Of course, it is precisely
our success and leadership position in the marketplace, which Crosspoint
helped nurture, that allows them to take this step for the benefit of their
partners."
According to Glover, the general partner of Crosspoint Ventures, John B.
Mumford, will remain as Chairman of Hello Direct. "We look forward to John's
continued input and guidance as the Company moves forward. John has no plans
to reduce his significant personal holdings of Hello Direct stock. I can
think of no better endorsement of Hello Direct's future than that," added
Glover.
Hello Direct, Inc. (http://www.hello-direct.com) is the leading developer and
direct marketer of telephone productivity tools including headsets,
teleconferencing, wireless and related desktop products. Through its
distinctive catalogs, website and outbound telemarketing programs, the Company
offers a broad selection of commercial-grade brand name, proprietary and
private label products at competitive prices that provide solutions to its
customers' evolving communication needs.
SOURCE Hello Direct, Inc.
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Related links:
http://www.hello-direct.com
CONTACT:
Raymond E. Nystrom, Vice President
Operations, Chief Financial Officer of Hello Direct,
408-363-5075; or Don Markley, general information, or Jordan
Goldstein, analyst contact, 415-986-1591, both of The Financial
Relations Board
NOTE TO EDITORS: For further information on Hello Direct via fax
at no cost, dial 1-800-PRO-INFO, ticker symbol HELO
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