Nu Horizons Electronics Corp. Affirms Standard Business Practices

Melville, NY - Nu Horizons Electronics Corp., a global distributor of advanced technology semiconductor, display and system solutions, recently released the following statement.

Arthur Nadata, Chairman and Chief Executive of Nu Horizons stated, "Nu Horizons employs purchasing and inventory practices that are standard throughout the electronics distribution industry. Nu Horizons seeks to obtain purchase discounts from its suppliers, when available, for purchases of inventory which are expected to be saleable to its customers in the ordinary course. The contribution to margins of volume purchase agreements, excess inventory purchase discounts and promotional sales discounts varies for each fiscal period. Additionally, in accordance with industry practice, Nu Horizons has the right to return slow-moving inventory in accordance with the stock rotation terms of its distribution agreements and it makes use of such right to the extent necessary."

"We continue to be optimistic about our prospects and believe that our strategy of expanding our infrastructure will continue to yield positive results. We believe that the expansion of our Asian operations, together with our acquisition of DT Electronics, will enable us to capitalize on the industry shift to production in Asia and on the globalization of our suppliers."

SOURCE: Nu Horizons