USTelematics, Inc. (UTLM.OB) Announces Landmark Distribution Agreement to Sell Products in the Nation’s Largest Retail Chains
After the bell today, USTelematics announced major news that they have inked a deal with D&H Distributing to distribute the Company’s industry leading products to the nation’s largest consumer electronics retail chains and stores. The dominant distributor serves Sam’s Club, Wal-Mart, CompUSA, Circuit City, Amazon.com, J&R Computer World, Electronics Boutique, Gamestop, BJ’s, retail college bookstores, and more.
This landmark contract provides USTelematics with the opportunity to roll out its Voyager(TM) Mobile IPTV rear-seat entertainment systems and Vivee(TM) voice enhanced mobile messaging products in many retail channels from smaller, specialty retailers to the largest electronics chains. D&H Distributing is well-known to distribute the most recognized brands such as Microsoft, Lenovo, Samsung, Cisco as well as a number of others.
Howard Leventhal, Chief Executive Officer of USTelematics commented, “Among the benefits D&H provides is dealer financing. Our Voyager product line has an average wholesale price around $500. Multiply this by 10 units per store and a single smaller retailer with 20 stores could conceivably need to purchase $100,000 worth of our goods. For smaller dealers, a large inventory investment like this can inhibit wholesale purchasing. D&H offers dealer “floor plan” wholesale financing, which is designed to remove this sort of buying inhibition and maximize our product representation and sales at all store types.”
He added, “This agreement is particularly valuable to USTelematics because of D&H’s proven track record in successfully recognizing the most exciting new products, and then to play a key role in making those products a success in the marketplace. We are proud and thankful for the opportunity to have our product lines and brand distributed nationally and throughout North America, side-by-side with fine, long-established consumer electronics names currently handled by D&H.”
USTelematics has developed state-of-the-art technology that addresses numerous opportunitites in the estimated $58 billion telematics industry. The company’s innovative, stand-out products offer unmatched features, putting the company in a strategic position to capture market share in a very large market sector.
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