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ASBIS Gets Microlab Exclusive Rights

December 13, 2011

Microlab, distribution agreement

ASBIS Gets Microlab Exclusive Rights

ASBIS has been granted the exclusive rights to distribute Microlab products in Czech Republic, Slovakia, Romania, Croatia, Hungary, Serbia, Slovenia and Ireland.

Limassol (Cyprus), December 12, 2011 – ASBISc Enterprises Plc. (WSE: ASB), a leading distributor of IT products in emerging markets of Europe, the Middle East and Africa, has been granted the exclusive rights to distribute Microlab products in Czech Republic, Slovakia, Romania, Croatia, Hungary, Serbia, Slovenia and Ireland by signing global distribution contract with Microlab Electronics, one of the leading producers of the acoustic systems and computer peripherals.

Microlab Electronics is well known for its major product lines – 2.0, 2.1, 5.1 systems of classic design and greater performance. The company’s products are represented in more than 50 countries worldwide allowing the audiophiles to enjoy the top-quality sound. Microlab has more than 35 international awards and quality certificates while the safety of the products is proven by EU RoHS standard.

This agreement also grants ASBIS non-exclusive rights to market Microlab products in Belarus and Bulgaria. The first shipment to ASBIS sales channels is expecting in January 2012.

About ASBIS
ASBISc Enterprises PLC (WSE: ASB) is based in Cyprus and specializes in the distribution of IT products from worldwide leading manufacturers such as Intel, AMD, Seagate, Western Digital, Samsung, Microsoft, Toshiba, Dell, Acer, Lenovo and Hitachi. The company has own subsidiaries in 26 countries, more than 1,200 employees and 32,000 active customers in over 70 countries worldwide, and its revenue reached US$ 1,43 billion in 2010. For more information visit the company's website at www.asbis.com

About Microlab
Microlab Electronics was created in 1998 after the merging of International Microlab and Shenzhen Microlab Technology. Since that date the company has gained a reputation of sound professionals and market leaders for the various acoustic systems. Strict quality control together with the innovative technologies in design and production resulted into the leading position of the company in the segment. More information is available at www.microlab.com.

Disclaimer: The information contained in each press release posted on this site was factually accurate on the date it was issued. While these press releases and other materials remain on the Company's website, the Company assumes no duty to update the information to reflect subsequent developments. Consequently, readers of the press releases and other materials should not rely upon the information as current or accurate after their issuance dates.