TUCKER, Ga., Dec. 4 /PRNewswire-FirstCall/ -- SED International
Holdings, Inc. (Pink Sheets: SECX), today announced that its Board of
Directors has approved, subject to shareholder approval at a Special
Meeting, an amendment to SED's Certificate of Incorporation to implement a
reverse stock split of its issued and outstanding shares of Common Stock,
par value $.01 per share, at a range of one-for-fifty to one-for-one
hundred shares at anytime prior to the end of the Company's fiscal year
ending June 30, 2007.
About SED International Holdings, Inc.:
SED International Holdings, Inc., a Georgia corporation, and its
wholly- owned operating subsidiary, SED International, Inc., a Georgia
corporation, are engaged in the wholesale distribution of microcomputer
products, including mass storage, imaging, display, wireless products and
consumer electronics throughout the United States and Latin America. SED
International Holdings, Inc. services Latin America through its
wholly-owned subsidiaries SED International de Colombia Ltda. in Bogota,
Colombia and Intermaco S.R.L. in Buenos Aires, Argentina.
This press release contains forward-looking statements involving risks
and uncertainties that may cause actual results to differ materially from
those indicated due to a number of factors, including shortages of raw
materials, the company's financial condition and cash flow and general
economic conditions. The company's plans and objectives are based on
assumptions involving judgments with respect to future economic,
competitive, regulatory and market conditions and future business
decisions, all of which are difficult or impossible to predict accurately
and many of which are beyond the company's control. Therefore, there can be
no assurance that the forward- looking statements will prove to be
accurate. The Company undertakes no obligation to publicly update or revise
any forward-looking statements, whether because of new information, future
events, or otherwise.
SOURCE SED International Holdings, Inc.
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Related links:
http://www.sedonline.com/
CONTACT:
Lyle Dickler, VP of Finance and Secretary of
SED International Holdings, Inc., +1-770-491-8962
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