Logicom registers double win with Kingston's 'Best Distributor' Awards in Value RAM and Digital Media product categories

Dubai, 12 Nov -- Leading regional IT distribution firm, Logicom was recently honored as the 'Best Distributor' with awards in Value RAM and Digital Media product categories by top memory product vendor, Kingston Technology. The awards were based on the distributor's impressive contribution in terms of total revenue and growth performance in YTD 2008. The winners were felicitated during Kingston's Channel Partner event that took place during Gitex 2008 in Dubai, UAE, attracting more than 50 local partners.

A long standing and committed Kingston distributor, Logicom has been instrumental to Kingston's local success for its Value RAM and Flash product line with significant achievements in terms of opportunities and revenue. With a comprehensive product portfolio, Logicom today operates through five business units focusing on Components, Corporate, Networking, Software and Retail reseller verticals. Kingston is the second biggest vendor in Logicom's components division across the GCC and KSA. Kingston has also been a strategic partner for Logicom's integrator business, and lately for the Retail unit. With a strong reseller base, Logicom currently distributes Kingston in UAE, Oman, Bahrain, Qatar, Kuwait, Yemen, KSA, Jordan, Lebanon, Cyprus, Greece, Malta and Italy.

 "We are delighted to win this important award. Kingston is one of our top performing brands and in the Gulf, we are fortunate to have one of the best teams in the business," said Mr. Michael Papaeracleous, Executive Director of Distribution, Logicom Public Ltd. "Even after 16 years as a Kingston distributor, it is extraordinary that the business is still growing at such strength. This would not have been possible without the support of our highly committed team, and the constant guidance and strategic input of our partners at Kingston."

"Logicom has been a strategic distributor for Kingston in the Middle East since they came to the region in 2000. This award demonstrates that Logicom continues to focus and develop Kingston's products in the region," said Antoine Harb, Business development manager, Kingston Middle East and Africa

During the first three quarters of 2008, Logicom grew its Kingston revenue by 33% over last year with a 25% increase in active customer breadth. With strategic initiatives underway, Logicom is set to improve revenue levels and reseller penetration with Kingston through Q4 2008.

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About Logicom
Logicom Public Ltd is an international group of companies listed on the Main Market of the Cyprus Stock Exchange and a member of the FTSE/CySE20 and Dow Jones Cyprus 10 Titans indices. The Group's activities include the distribution of IT products, assembly of computer systems and the provision of Integrated IT, Networking, Telecom and Business Solutions. Logicom has a physical presence in 17 countries, employs over 360 professionals and services more than 5,000 customers in 20 countries in Europe, Middle East, Gulf, North Africa and Asia.

About Kingston Technology Company, Inc.
Kingston Technology Company, Inc. is the world's largest independent manufacturer of memory products. Kingston designs, manufactures and distributes memory products for desktops, laptops, servers, printers, and Flash memory products for PDAs, mobile phones, digital cameras, and MP3 players. Through its global network of subsidiaries and affiliates, Kingston has manufacturing facilities in California, Malaysia, Taiwan, China and sales representatives in the United States, Europe, Russia, Turkey, Ukraine, Australia, New Zealand, India, Taiwan, China, and Latin America. For more information, please call +44 (0)1932 738888  or visit www.kingston.com/europe

Aboout Michael Papaeracleous
Michael Papaeracleous is the Director of Distribution of Logicom Public Ltd since February 2006.

Background/Education.
Michael was born in 1969 and grew up in Nicosia, Cyprus. After completing his military service, Michael moved to the UK where he studied Economics in the University of Nottingham (1993). He later returned to the UK and did his MBA with specialization in International Business and Export Management at the City Business School (CUBS) in London (1998).

At Logicom
As the Director of Distribution of Logicom Group (consisting of 16 countries in South East Europe and the Middle East), Michael plans, organizes, directs and administers the Group's Activities, Operations and People in order to assure that the Group has a strategy to achieve its mission. He is also actively involved in the preparation of Economic Development Programs, work plans and budgets and in the implementation of people management development programs. One of his personal beliefs and on-going goals is the establishment of excellent relationships with both customers and vendors.

Logicom's Distribution business will reach approximately $700m in 2008 and has been growing at an average of 42% on aggregate per year for the last 6 years.

Prior to the position of Director of Distribution, Michael started and served as General Manager of the first Logicom subsidiary in Beirut. In 2003, Michael led the effort to elevate Logicom's Cisco partnership and has been leading the Cisco business at Logicom since Logicom became a CDP in 2003. The target of this BU is $150m in FY08. Logicom Cisco Business was $8m in FY04 before the CDP contract was signed.

Other Information
Michael has also worked in London as a Management Consultant in the field of Knowledge Management and as a Director in Andreas Papaeracleous Photo Stores, a family business specializing in the distribution of photographic products.  

For more information please contact:
Anilesh Kumar
Joint Managing Director
Frequency Communications
Tel: 00971-4-3976534
Tel: 00971-50-9118563
Email: anilesh@frequencyme.com

© Press Release 2008