Smith & Associates Continues Global Expansion Into Silicon Valley.

August 10, 2000
Smith & Associates Continues Global Expansion Into Silicon Valley.

Houston, Texas - Smith & Associates - the leading Independent Distributor of semiconductors, electronic components, and computer products - announces the opening of a new office appropriately located in the high-tech hub, Silicon Valley. The new office in Pleasanton, California continues Smith's customer-oriented approach to business: to meet and exceed the needs of their customers.

The Houston, Texas-based company has trading offices in Amsterdam, Hong Kong, and a recently opened operation in Seoul, South Korea. In addition to their latest expansions, Smith will also be announcing the opening of its Mexico location later this month. Smith's expansions reflect a very healthy market demand. Future expansion plans include additional offices in the US, Europe, and the Far East.

"Smith's rapid expansions are due to an increasing need for hard-to-find products needing just-in-time delivery," stated Lee Ackerley, Executive Vice President and Co-Founder. "To satisfy that demand, we feel that our expansions not only strengthen our presence, but more importantly, they demonstrate our commitment to our present and future customers. The California office reinforces our global approach that our customers need and the superior service they expect."

Smith conducts business around the globe, twenty-four hours a day, in over a dozen languages. Smith's dedication to being the leading global Independent Distributor of electronic components strengthens with each expansion.

About Smith
Founded in 1984, Smith & Associates (www.smithweb.com) is a $470 million Independent Distributor of semiconductors, electronic components, and computer products to manufacturers and resellers of high-technology and computer equipment. Smith has thousands of suppliers and partners in over 60 countries, and was one of the first Independent Distributors to provide open-market sales and component pricing via the Internet. Named an Inc. 500, Houston 100, Texas 100, and World Trade 100 company, Smith's annual revenues of $3.43 million per employee are the highest of any Texas-based high-technology company. Smith is the only global leader in "just in time" delivery with the ability to deliver large quantities of components anywhere in the world, with very short lead times. Headquartered in Houston, Smith has major trading operations in Amsterdam, Barcelona, Guadalajara, Hong Kong, Seoul, and Silicon Valley. Smith operates worldwide, twenty-four hours a day in over a dozen languages.

For more information, please call 1-800-HOUSTON or 713-430-3000.

Marketing Department
t: +1 713.430.3000
f: +1 713.430.3099

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