Columbus, Ohio (January 2, 2007)—Micro Electronics, Inc. (www.microelectronics.com) has again been named to Forbes’ annual list of America’s Largest Private Companies. Ranked 362nd overall and 10th largest among privately held technology companies, Micro Electronics’ brands include Micro Center, PowerSpec, Redemtech and WinBook.
“We are pleased to again be recognized as one of America’s Largest Private Companies,” said Richard Mershad, CEO of Micro Electronics. “We have strengthened our focus on technology by concentrating on high-growth areas including expanded Gaming and HDTV departments in our Micro Center retail stores and Technology Change Management services provided by our Redemtech division.”
Micro Center
Micro Center reinforced its position as the dominant U.S. retailer for dedicated computer users in fiscal year 2006 with strong growth in Build Your Own (BYO) departments and HDTV sales.
With sales of game consoles and gaming PCs forecast to grow by 36 percent in 2007 , Micro Center opened expanded gaming departments at all store locations during the fall of 2006.
“This venture is part of our strategic plan to attract more customers by offering the latest products in this dynamic category which is estimated to be an $11 billion per year industry,” Mershad said. “Our Gaming department is unique; we offer a massive selection of more than 2,000 products and are the first U.S. retailer to effectively showcase all gaming platforms (XBOX 360, PS3, Wii, and PC gaming) connected to large screen televisions with high definition clarity.”
Micro Center will open its 20th store location during 2007 in North Jersey. The new store will be Micro Center’s second New York-area location and first New Jersey store.
Redemtech
Redemtech, which offers Technology Change Management (TCM) services, experienced 30 percent growth in fiscal year 2006 and expects growth to accelerate in 2007.
TCM is an area of IT Asset Management that deals with reducing the cost and disruption of technology changes by extending IT asset lifecycles, minimizing idled equipment, and maximizing value at end of life. Redemtech has been a pioneer in TCM through a suite of services that automate and manage equipment deployment and redeployment, remarketing and recycling.
“We see a significant untapped market in TCM services, both within our existing client base and through new relationships,” said Robert Houghton, president of Redemtech. “Our unique suite of services allows IT organizations to reduce the cost and disruption of technology changes by managing and automating equipment deployment and redeployment, remarketing and recycling.”
For more information on Micro Electronics’ ranking, please visit http://www.forbes.com/lists/2006/21/biz_06privates_Micro-Electronics_EYQM.html.
About Micro Electronics, Inc.
Micro Electronics’ brands include Micro Center retail stores, Micro Center Online (www.microcenter.com), PowerSpec and PowerSpec Extreme desktop computers, WinBook notebooks, HDTVs and home theater products and Redemtech.
Micro Center operates 19 stores in major markets nationwide:
- A destination retailer designed to satisfy the dedicated computer user.
- Uniquely focused on computers and computer-related products. In fact, Micro Center offers more computer and computer-related SKUs (more than 30,000 in stock) than any other retailer.
- More square footage devoted exclusively to computers and computer-related items than any other retailer (stores average 45,000 square feet).
- Selection, service and sales staff expertise modeled after Nordstrom and other service-oriented retailers.
- More upscale atmospherics than big box consumer electronics stores.
Innovators of the departmentalized approach to computer retailing. Service levels and expertise vary to meet customer preferences by department. This means:
- Consultative career sales staff in hardware departments which surround staple items in the center of the store.
- Quick in/out shopping experience on staple items with checkouts arranged conveniently.
- Large Gaming departments featuring XBOX 360, PS3, Wii and PC Gaming displays on HDTVs, more than 2,000 games and nearly 350 different accessories per store.
Readers of the leading U.S. consumer magazine have consistently rated Micro Center among the best stores at which to buy a PC since the publication began surveying satisfaction with computer stores in 2003.
Micro Center store locations:
CA - Tustin and Santa Clara; CO – Denver; GA – Atlanta (2); IL – Chicago (2); KS – Kansas City; MA – Boston; MI – Detroit; MN – Minneapolis; NJ – North Jersey (coming 2007); NY – Westbury, LI; OH – Cincinnati, Cleveland, Columbus; PA – Philadelphia; TX – Dallas, Houston; VA – Fairfax.
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