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ASBIS Strikes Distribution Deal with Foxconn

March 11, 2005

ASBIS Strikes Distribution Deal with Foxconn

ASBIS has signed an Authorized Distributorship Contract with Taiwan-based Hon Hai Precision Industry Co., Ltd., one of the world's largest manufacturers of PC assemblies and motherboards and the largest manufacturer of PC connectors and enclosures. According to the agreement signed at ASBIS’ head office in Cyprus, the company is now authorized to distribute all products bearing the Foxconn brand including motherboards, chassis, and coolers.

ASBIS has signed an Authorized Distributorship Contract with Taiwan-based Hon Hai Precision Industry Co., Ltd., one of the world's largest manufacturers of PC assemblies and motherboards and the largest manufacturer of PC connectors and enclosures.

According to the agreement signed at ASBIS’ head office in Cyprus, the company is now authorized to distribute all products bearing the Foxconn brand including motherboards, chassis, and coolers. The agreement covers all territories of ASBIS’ current operation.

Chris Day, General Manager Foxconn Channel, said: “Foxconn specifically targeted ASBIS as a key distribution partner due to their proven track record in computer component sales and their extensive market presence across EMEA. This gives both parties an unparalleled platform to build on. We are looking forward to successful co-operation with ASBIS over the coming years.”

The new partnership will promote the distribution and sales of Foxconn products throughout 26 countries. ASBIS will enable distributors, resellers and computer users to obtain Foxconn products locally through ASBIS offices. Under the terms of the agreement, Foxconn will provide three years warranty for motherboards and two years warranty for chassis, power supply, coolers, and card readers.

According to Yuri Ulasovich, ASBIS’ VP Product Marketing, “Foxconn products represent the features our customers appreciate most – they are innovative, reliable, and provide highest quality. No wonder that some of the largest OEMs like Intel, Hewlett-Packard and Dell co-operate with Foxconn on a long-term basis. We are positive about this partnership’s huge potential and expect it to yield excellent results.”

About Foxconn
Foxconn is the registered trade name of Hon Hai Precision Industry Co., Ltd. Hon Hai is a global leader in providing mechanical and electromechanical solutions to the communications, consumer, and computer industries. The world's largest manufacturer of PC connectors and enclosures, Hon Hai is also one of the world's largest manufacturers of PC assemblies and motherboards - almost 33 million motherboards having been produced in 2004 (second highest volume in the world).

Founded in 1974, and listed on the Taiwan stock exchange in 1991, Hon Hai has well in excess of 160,000 employees being the largest private sector company in Taiwan, and is the largest exporter from mainland China. Market capitalization exceeds $12 billion USD. Sales in 2004 exceeded $16 billion USD.

For more information about Foxconn please visit www.foxconn.com and www.foxconnchannel.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.