Smith & Associates Appoints New Director of Business Development

May 8, 2001
Smith & Associates Appoints New Director of Business Development

Houston, Texas - Smith & Associates, a leading Independent Distributor of electronic components, announces the appointment of David Middleman to Director of Business Development.

Mr. Middleman, an attorney, will focus on issues regarding Smith's excess inventory and consignment program, partnership opportunities, future expansion and business development for Smith & Associates worldwide. In his new position, Middleman will work closely with Mark Bollinger, Director of Business Development, and Smith & Associates founders Bob and Lee Ackerley.

"There is increasing opportunity for Smith to explore new partnerships and growth potential," said Lee Ackerley, Executive Vice President and Co-founder of Smith & Associates. "We look forward to working with David on these new opportunities; his experience and insight will greatly benefit our already strong business development team."

Middleman is a native of Houston, where he founded and served as Managing Partner of the law firm Middleman & Levin, LLC. At his law firm, Middleman had the opportunity to see the business side of running a corporation, including business strategies, partnership opportunities and settlement negotiations. Middleman received his B.S. from the University of Houston and his J.D. from Oklahoma City University.

"I am constantly seeking new challenges and opportunities in my career," Middleman explained. "Smith is growing quickly and the entrepreneurial atmosphere provides an excellent opportunity to be creative in business."

About Smith & Associates
Founded in 1984, Smith & Associates (www.smithweb.com) is a multi-hundred million dollar independent distributor of semiconductors, electronic components, and computer products to manufacturers and resellers of high-technology and computer equipment. Smith has more than 15,000 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 also a leader in "just-in-time" delivery with the ability to deliver large quantities of components anywhere in the world, with very short lead times. Smith has offices in Houston, Hong Kong, Amsterdam, Seoul, Guadalajara, Barcelona and Silicon Valley. For more information, please call 1-800-HOUSTON or 713-430-3000.

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