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GNT invited to join European Wholesale Group

By Anonymous

HELSINKI, FINLAND March 9, 2004 -- The European Wholesale Group seeks to offer major vendors pan-European co-marketing programs to address a vast number of resellers throughout Europe; using a top-of-the-range platform for the distribution of products and services. The alliance offers ICT vendors an appealing new option for their European distribution strategy.

"The European Wholesale Group members expect to improve the efficiency of their internal operations, by exchanging their experience of best practices, and by extensive use of internal benchmarking. GNT Group covers the Nordics and the Baltics, and is famous for its streamlined logistics and excellent profitability. Over 70 percent of GNT's customer purchase orders are received via the Internet", comments Alex Sozonoff, chairman of the European Wholesale Group.

"Invitation to join EWG is a recognition that our operations are in par with the leading players in Europe. We look forward to developing our operations further and gaining benefits for being Europe wide without adding structural costs. We expect to increase our cost efficiency even further by sharing best practises in the group. Being local and having these benefits will bring added value to our customers", says Mikko Pakkanen, CEO, GNT Group.

The European Wholesale Group's objective is to improve customer service, adapting the vendors' global strategies to local circumstances; thus making local companies, each holding a leading position in their respective markets, even stronger locally, without adding structural costs of pan-European organisations.

The four companies boast collective revenues of over 3 billion Euro in 2003 and currently over 1.700 employees. They supply a wide range of products and services to over 47.000 resellers in eleven European countries: Austria, Belgium, Estonia, Finland, Germany, Italy, Latvia, Lithuania, Sweden, Switzerland and The Netherlands.

All European Wholesale Group members share strong local market knowledge, a wide, established customer base, the use of innovative web solutions, an effective sales force and profitable, high quality operations.

ALSO is active in the IT logistics and services sector. Headquartered in Hergiswil (Switzerland), the business was founded in 1984 and has been listed on the Swiss stock exchange since 1986. The Schindler Group has held a majority interest since 1988. After selling its Systems Business,the ALSO Group focuses entirely on distribution, and is active in both Switzerland and Germany. ALSO’s strategic core business is covered by the following operating companies: ALSO ABC TRADING AG (Switzerland), ACS TRADING AG (Switzerland), ALSO ABC TRADING GmbH (Germany) The three companies offer distribution and a wide range of logistics services. This media release will also be published at www.also.ch

Since 1981, Copaco N.V. is active in the Information and Communication Technology (ICT) markets. The company is listed on the official stock exchange in Amsterdam, Euronext. Copaco is authoritative in the Netherlands in its field and with approximately 270 employees supplies computer-, printer-, network-, datastorage-, mobile telecom products and software. The activities have been divided into operating companies: Copaco Nederland, Lifeware, Revah and POS-Line. This media release will also be published at www.copaco.nl

Esprinet is the Italian market leader in information technology distribution. Esprinet is a joint stock company formed by the mergers of three leading companies, and is able to offer services like training and technical assistance. Esprinet offers a broad product portfolio of over 20.000 items in stock, from more than 160 vendors. Esprinet uses the web as its primary relationship channel and more than 74,4% of orders and about 52,3% of revenue are made through the website www.esprinet.com. The commercial structure is composed of four “Company in Company” areas (Business, Retail, Imaging and Industrial) creating a tailored approach to support each type of market. This organisation supports Esprinet in the transition from Information Technology to Bit Technology. This media release will also be published at www.esprinet.com

GNT Group is the largest IT wholesale distributor in Finland and the Baltic countries. GNT represents leading brands as e.g. 3Com, Canon, Electronic Arts, Fujitsu-Siemens, Hewlett-Packard, Hitachi, IBM, Intel, Kingston, LG, Maxtor, Microsoft, Samsung and Sony. GNT Group’s headquarters and main warehouse are located in Tampere, Finland, with country offices in Estonia, Latvia, Lithuania and Sweden. At the end of the year 2003, the company employed over 500 people. The GNT group net sales were 532 MEUR in the year 2003. This media release will also be published at www.gnt.fi

Further information:
GNT Group
Mr. Mikko Pakkanen, CEO
Tel. +358 3 2136 143
Mobile +358 40 77 999 00
Email: mikko.pakkanen@gnt.fi

European Wholesale Group
Alessandro Cattani
Amministratore Delegato (Chief Executive Officer)
Esprinet Spa
T: (+39) 0362 496 449
M: (+39) 335 63 69 683
Email: alessandro.cattani@esprinet.com

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