|TESSCO Expands in the Western United States|
|One-Half Million Square Feet Dedicated to Sales, Configuration and Delivery
of Wireless Products
HUNT VALLEY, Md., June 20 /PRNewswire/ -- TESSCO Technologies (Nasdaq: TESS) moved into its new Americas Logistics Center on June 2, 2003. With one-half million square feet for sales, service, and distribution operations under roof and in yard, the Center will be one of the largest independent facilities in the Western United States dedicated to the distribution of wireless products.
According to Robert B. Barnhill, Jr., chairman, president and chief executive officer of TESSCO, "Our new facility will enhance product availability, speed of delivery and service to companies in the western United States, Canada and Mexico that are responsible for designing, building, maintaining and using wireless systems. The Center will expand TESSCO's delivery, global flexible capacity and disaster recovery capability through careful integration with our Global Logistics Center in the East.
"TESSCO's expansion in Reno and the investment in the new center should reinforce to customers and manufacturers, our commitment to building market share in western North America by providing the best product plus supply chain solutions available. The center will augment our fundamental ability to deliver complete, on-time, and error-free configured solutions, and will serve as headquarters to an expanded western-focused sales and service team.
"We selected Reno for our Americas Logistics Center because of TESSCO's 17 years of experience with our past Reno-based regional centers. Reno is a prime location for western distribution, with strong transportation infrastructure support, and a short delivery radius to locations in the west. Reno/Tahoe's talent base is excellent for sales as well as distribution team members.
"The Americas Logistics Center is equipped with TESSCO's signature office environment, state-of-the art meeting and training facilities, climate- controlled internal distribution space as well as extensive external space for staging and delivering infrastructure equipment and products.
"We are proud and excited to have made this commitment. We are looking forward to working with current and potential customers and manufacturers as they take advantage of this tremendous `Total Source' opportunity."
Welcome to TESSCO Technologies Incorporated: "the vital link to a wireless world."(TM) TESSCO connects customers with product plus supply chain solutions configured from product choices from world-class manufacturers. For customers, TESSCO's vision is to be the virtual superstore: Your Total Source(R) for everything needed to design, build, run, maintain or use wireless. Customers, when doing business with TESSCO, can have what they need, when and where they need it, without the necessity of maintaining large and costly inventories.
For manufacturers, TESSCO presents, markets, sells, supplies and supports their products as part of a total customer solution, thus providing a cost- effective channel to a broad and diverse customer base. TESSCO's integrated, closed-loop system, providing Knowledge, Configuration, Delivery and Control, streamlines the supply chain process and lowers total inventories and costs by providing guaranteed availability and complete, on-time delivery to the point of use.
TESSCO began its "total source" operations in 1982 and completed its public offering (Nasdaq: TESS) in 1994. Today, TESSCO operates 24 hours a day, seven days a week, under ISO 9001:2000 registration. TESSCO's Global Logistics Center in Hunt Valley, Maryland, and Americas Logistics Center in Reno, Nevada, configure orders for complete, on-time delivery throughout the world. Its solution offerings, consisting of over 34,000 items from over 450 manufacturers, fall within the broad categories of network infrastructure; mobile device and accessory; and installation, test and maintenance products and services.
TESSCO currently serves customers through three distinct sales channels. Through "sell to" and "sell through" channels, TESSCO serves over 14,000 customers per quarter, including a diversified mix of cellular, PCS and paging carriers; system operators; internet service providers; infrastructure site owners and contractors; integrators; enterprise, utility and transportation; education and healthcare; state and local government; federal government and military; wireless dealers; value-added resellers; and retailers. Through the consumer-direct "affinity" channel, TESSCO sells to over 80,000 subscribers per quarter with OEM-, carrier-, and co-branded phone and web sales solutions.
To learn more about TESSCO Technologies Incorporated, we invite you to search our award-winning web site, TESSCO.com(R), for information about our company, our value proposition and our commitment to marketing innovation and operational excellence.
This press release may contain a number of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified by the use of the words "may," "will," "expects," "anticipates," "believes," "estimates," and similar expressions and involve a number of risks and uncertainties. For a variety of reasons, actual results may differ materially from those described in any such forward-looking statement. Consequently, the reader is cautioned to consider all forward-looking statements in light of the risks to which they are subject.
SOURCE TESSCO Technologies Incorporated
Web site: http://www.tessco.com