ELKO Grupa
ELKO Grupa JSC qualifies for exclusive distribution rights of the Tecnoware production in the Baltic countries

ELKO Grupa / 

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One of the leading wholesalers of IT products and components in Eastern Europe
and the largest Latvian company ELKO Grupa JSC (ELKO Group) has gained
exclusive rights to distribute Tecnoware UPS production in the Baltics. 

Till now Tecnoware production in the Baltic market did not have an official
representative. By concluding an agreement, ELKO Group has become the sole
authorized distributor of Tecnoware production in Latvia and the Baltics,
offering uninterruptible power supplies (UPS), as well as multifunctional
laptop chargers. Thereby, additionally the current range, soon several new
products will enter the Baltic market to provide uninterruptible internet
operation for modems. 
Tecnoware products are characterized by technological innovation and attractive
design. They are high quality goods at reasonable price for everyone. 
Currently, EVO STRIP 0.65 doubtless could be highlighted as the most popular
model. It provides every desktop computer user with uninterruptible operation
in any weather conditions. 

„Tecnoware Srl is a leading IT and UPS company in Europe, in the latest years
is expanding its distribution all around the world with particular focus on
Eastern European countries. 
It was a great chance for Tecnoware to start cooperation with Elko due to Elko
Group is largely considered one of the best companies in IT distribution for
Europe and Eastern Europe markets. 
Indeed, Tecnoware strongly believes that this agreement will affect positively
the future business for both companies and will create an important chance to
growth.' said Riccardo Benedetti, Tecnoware Managing Director. 

Ilgonis Insp?ters, the Distribution Director of the ELKO Group company,
commented signed distribution agreement saying: “We decided to extend UPS
product range, because at the moment the Baltic market does not offer great
choice of this equipment -there are some manufacturers with recognizable names
or less known UPS, which does not always offer a wide product range. Thereby
the commenced collaboration with Tecnoware will enable ELKO Group to offer the
full range of qualitative UPS products at accessible prices to customers. We
are proud of the opportunity to be first and sole official distributor of
Tecnoware production in the Baltic market and hope for successful cooperation,
in spite of difficult economic conditions.” 

About Tecnoware
Tecnoware Power Systems srl, founded in 1986 in Florence (Italy), is one of
Leading Company for UPS (600va-100Kva), Inverter/Solar (30w-6kw), and PSU
(500w-1200w) in Europe since 1986. Well known in Europe, Asia, America and
Middle East, throughout a Distributors e Service Centers in IT, Electrical and
Industrial sectors. See additional information on Tecnoware homepage
www.tecnoware.com. 

About ELKO Group
ELKO Group was founded in 1993. It is Latvia's biggest enterprise and since
2007 has operated with an annual turnover of greater than one billion USD. The
main operational direction of the enterprise is the wholesale of computer
engineering and electronic goods in the Baltic States, Central and Eastern
Europe and CIS countries. 
The enterprise represents more than 80 producers and sells their goods to
approximately 6300 retailers, local providers of computer engineering solutions
and system integrators. ELKO Group offers more than 9000 product names from the
world's most famous suppliers - Acer, Intel, Seagate, Samsung, Sony, TomTom,
Western Digital and others. Currently, there are more than 340 people employed
in the enterprise. ELKO Group is owned by several private persons, as well as
by IT Invest?cijas JSC, Amber Trust investment fund and investment funds
related to East Capital Asset Management. 

Further information:
Kristine Saulriete
ELKO Grupa JSC
Director of Marketing and Communications
Telephone: + 371 6709 3214
Fax: + 371 6709 3299
E-mail: kristine_saulriete@elkogroup.com 
http://www.elkogroup.com

News Source: NASDAQ OMX

24.07.2009  Financial News transmitted by DGAP
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Language:     English
Issuer:       ELKO Grupa
              
               
              Latvia
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         LV0000800589
WKN:          
 
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