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ELG: ELKO Grupa JSC commences co-operation with new navigation equipment manufacturer Mio for distribution of its products in the Baltic countries

Spekuliantai.lt | 2009-06-18 | NASDAQ OMX biržų naujienos | perskaitė: 1995
ELG: ELKO Grupa JSC commences co-operation with new navigation equipment manufacturer Mio for distribution of its products in the Baltic countries

ELKO Grupa Company Announcement 18.06.2009

ELKO Grupa JSC commences co-operation with new navigation equipment manufacturer
Mio for distribution of its products in the Baltic countries

One of the leading wholesalers of IT products and components in Eastern Europe
and the largest Latvian company ELKO Grupa JSC (ELKO Group) has become the
authorized distributor for navigation equipment manufacturer Mio in the Baltic
countries.
To offer a more varied range of personal navigation equipment to customers and
more competitive prices, which are provided by the status of official product
distributor, the new supplier Mio - one of the world's leading manufacturers of
navigation equipment - has joined TomTom, which is a present navigation
equipment partner of the company ELKO Group. ELKO Group is very satisfied with
and proud of the co-operation commenced and is certain that Mio will establish
a stable place in the market, taking into account its popularity and strong
position in the Eastern European market.
„Mio Technology has decided to appoint ELKO Group as a new authorized
distributor for its products in Baltic countries. We found ELKO Group as a very
professional and experienced distributor with long history and strong position
in the region. Mio needs an active and stable distributor in the time of
challenge that all market participants can feel right now. ELKO's know-how and
local market knowledge is essential for Mio business in the region. Last but
not least is channel coverage that guarantees wide distribution. We are sure
that with Mio CEE office support ELKO Group will become one of the most
important distributors in CEE region very soon helping Mio in achieving
business goals,” said Mariusz Manowski, Country Director Poland & Baltic
states.
With the commencement of this co-operation, ELKO Group offers its customers
auto navigation products that are among the most in-demand products at the
beginning of the summer. Presently, ELKO Group offers the market the 2 most
popular models, Moov 330 and Moov 580, but in July there will be another 2
brand new models on sale. Mio products differ from those of other manufacturers
of navigation equipment in several functions: faster GPS signal reception (GPS
Instant Fix), the ability to enter an address with an additional letter for a
house/block (for example, Maskavas 240a), planning of economical routes
(economical routing), displaying the most essential information and hiding the
less important (clear view), the ability to mark the most interesting places
via route, text or voice (capture view), as well as others.

About Mio
Since 2002, Mio Technology has followed one direction that has led to develop
some of the most advanced personal navigation products available today. It has
driven to continually explore new technologies that help people explore the
world around them.
Today, Mio Technology is an industry-leading company with operations in Taiwan,
China, Japan, South Korea, Australia, United States, and Europe. Mio's product
range includes personal navigation devices (PND), personal digital assistants
(PDAs) and smartphones. Mio employs 2000 individuals worldwide, including over
1200 Research and Development staff, all dedicated to bringing the latest
technologies for the mobile digital lifestyle to market. See additional
information on Mio homepage www.mio.com.

ELKO Group
ELKO Group 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 Group 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 Group 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.


Papildu informācija:
Kristīne Saulriete
AS ELKO Grupa
Mārketinga un komunikāciju direktore
Tālrunis: + 371 6709 3214
Fakss: + 371 6709 3299
e-pasts: kristine_saulriete@elkogroup.com
http://www.elkogroup.com

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