Smith & Associates Far East Ltd. Names New Managing Director.

July 6, 2000
Smith & Associates Far East Ltd. Names New Managing Director.

Houston, Texas - Smith & Associates, the leading Independent Distributor of electronic components, announces the appointment of John Prymmer to Managing Director for Smith & Associates Far East Ltd.

In his new position, Prymmer will focus on expanding Smith & Associates' Hong Kong-based affiliate, which will include relocating to a larger facility and hiring additional employees.

"I am extremely optimistic about the future of Smith & Associates Far East," Prymmer stated. "This year we hope to double our profits from last year and increase Smith's overall presence in Asia."

Prymmer recently implemented a new structure for the purchasing division of Smith & Associates Far East Ltd., called Split-Group Buying. This new structure will split the Hong Kong purchasing department into two groups, the first will focus on sourcing requirements for the Hong Kong sales team, and the second will focus on assisting Smith & Associates offices worldwide in their sourcing requirements.

"Smith & Associates is proud to be one of the first Independent Distributors to open an office in Asia," said Bob Ackerley, President and Co-Founder of Smith & Associates. "The Hong Kong office, under the leadership of John Prymmer, has become an anchor for Smith's relationships with customers based in Asia."

Prymmer has been with Smith & Associates for fourteen years, and previously served as General Manager for Smith & Associates Far East Ltd. As GM for Smith & Associates Far East Ltd. in its first year, John successfully led the Hong Kong office to sales of nearly $11 million (USD) last year.

About Smith
Founded in 1984, Smith & Associates ( 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.

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t: +1 713.430.3000
f: +1 713.430.3099

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