2008-06-07 00:01:28 -
www.tessco.com - TESSCO Technologies Incorporated Jamie Holloway, 410-229-1123 hollowayj@tessco.com TESSCO Technologies Incorporated (Nasdaq:TESS), a leading provider of the product and supply chain solutions needed to build, operate and use wireless networks and systems, recently held a President's Forum as part of the Baltimore-based World Trade Center Institute's International Insight Series. TESSCO is a premier partner of The World Trade Center Institute (WTCI), a non-profit organization that offers its global community, various opportunities such as this, that bring together industry experts to discuss current best practices in international business.
On May 29, 2008, at its global headquarters in Hunt Valley, Maryland, TESSCO welcomed members of The World Trade Center Institute community, including CEOs, COOs, and other executives from leading local
businesses, as well as a significant group of students from the Robert H. Smith School of Business, University of Maryland, and engaged the group in a presentation on how to remain competitive in the global wireless marketplace, including insight into the Company's strategy, execution and evolution.
WTCI Board Member and TESSCO Chairman, President and CEO Robert B. Barnhill commented, "I was honored to share our strategies with the WTCI community. WTCI was established in Baltimore to help connect Maryland to the globe; and TESSCO has greatly benefited from their international business training and global connections. Moreover, I am equally proud that TESSCO has been able to internationally source a portion of our business, while protecting and creating local jobs by ensuring US-based management, design, purchasing, packaging, marketing, sales, and distribution processes."
Robert B. Barnhill, the recipient of a Maryland International Business Leadership Award in 2006, was invited by WTCI to share TESSCO's story with the international community as a result of his proven ability to lead TESSCO to new global heights.
With more than 30,000 wireless products, solutions, and services, and more than 35 million pieces from 350 world-class manufacturers, supply chain management is critical to TESSCO's enduring success. TESSCO currently has strategic partner arrangements with 14 leading manufacturers in countries such as China, India and Taiwan, which collectively account for a meaningful complement to the Company's overall supply chain and product offerings.
About TESSCO
TESSCO Technologies Incorporated is a value-added provider of the product solutions needed to design, build, run, maintain and use wireless systems. TESSCO is committed to delivering, fast and complete, the product needs of wireless system operators, program managers, contractors, resellers, and self-maintained utility, transportation, enterprise and government organizations. As Your Total Source(R) provider of mobile and fixed-wireless network infrastructure products, mobile devices and accessories, and installation, test and maintenance equipment and supplies, TESSCO assures customers of on-time availability, while streamlining their supply chain process, and lowering inventories and total costs. To learn more, please visit TESSCO.com.
About WTCI
Established in Baltimore in 1989 to help connect Maryland to the globe, today the World Trade Center Institute (WTCI) is the region's premier private sector international business partner. Financed jointly by area businesses and the State of Maryland, WTCI operates as a non-profit membership organization that enables members and program participants to benefit from valuable international business training, global connections, and customized training. For more information, please visit WTCI.org.
Forward-Looking Statements
This press release may contain forward-looking statements. These forward-looking statements may generally be identified by the use of the words "may," "will," "expects," "anticipates," "believes," "estimates," and similar expressions, and involve a number of risks and uncertainties. For a variety of reasons, actual results may differ materially from those described in or contemplated by any such forward-looking statement. Consequently, the reader is cautioned to consider all forward-looking statements in light of the risks to which they are subject.
Company Shares Critical Insights on Remaining Competitive in the
Global Wireless Marketplace