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ELG: ELKO Grupa JSC becomes the official distributor of KINGSTON products in the Baltic States

Spekuliantai.lt | 2009-05-07 | NASDAQ OMX biržų naujienos | perskaitė: 1825
ELG: ELKO Grupa JSC becomes the official distributor of KINGSTON products in the Baltic States

ELKO Grupa Company Announcement 07.05.2009

ELKO Grupa JSC becomes the official distributor of KINGSTON products in the
Baltic States

The largest Latvian company, ELKO Grupa JSC - one of the leading wholesalers of
IT products and components in the Eastern Europe - has become the official
distributor for KINGSTON, the memory products manufacturer, in the Baltic
States.

In order to offer a wider range of products and more competitive prices for the
customers, which provide the status of official distributor of products, in
April this year ELKO Grupa entered into a contract with KINGSTON, one of the
world's leading manufacturers of memory products, for the distribution of their
products in the Baltic. The commencement of this co-operation indicates that
even in these difficult economic circumstances new opportunities are being
sought and found for making the range of products more attractive to customers.
KINGSTON products offer a combination of optimal prices and quality, as well as
a wide range of consumption possibilities in the digital field.

With the commencement of this co-operation, ELKO Grupa offers its customers
mainly memory for servers, desktop and portable computers, digital photo and
video cameras, phones, as well as USB memory for data storage and carrying,
which is one of KINGSTON's most in-demand products. As the novelty of the
moment, HyperX memory, which is especially suitable for gamers and PC
enthusiasts, is being offered.

KINGSTON
Kingston Technology Company, Inc. is the world's independent memory leader.
Founded in 1987 with a single product offering, Kingston now offers more than
2,000 memory products that support nearly every device that uses memory, from
computers, servers and printers to MP3 players, digital cameras and cell
phones. Kingston serves an international network of distributors, resellers,
retailers and OEM (Original Equipment Manufacturer) customers on six
continents. The company also provides contract manufacturing and supply chain
management services for semiconductor manufacturers and system OEMs.

ELKO Grupa
ELKO Grupa JSC was founded in 1993. It is Latvia's biggest enterprise and since
2007 has operated with an annual turnover of greater than one billion USD. The
main operational direction of the enterprise is the wholesale of computer
engineering and electronic goods in the Baltic States, Central and Eastern
Europe and CIS countries.
The enterprise represents more than 80 producers and sells their goods to
approximately 6300 retailers, local providers of computer engineering solutions
and system integrators. ELKO Grupa offers more than 9000 product names from the
world's most famous suppliers - Acer, Intel, Seagate, Samsung, Sony, TomTom,
Western Digital and others. Currently, there are more than 340 people employed
in the enterprise. ELKO Grupa JSC is owned by several private persons, as well
as by IT Investīcijas JSC, Amber Trust investment fund and investment funds
related to East Capital Asset Management.

Further information:
Kristine Saulriete
ELKO Grupa, JSC
Director of Marketing and Communications
Telephone: + 371 6709 3214
Fax: + 371 6709 3299
E-mail: kristine_saulriete@elkogroup.com
http://www.elkogroup.com

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