Exclusive distribution agreement between ASBIS and Cygnett

February 7, 2012 —  ASBISc Enterprises Plc. (WSE: ASB), a leading distributor of IT products in emerging markets across Europe, Middle East and Africa, has announced partnership with Cygnett, a fast-growing company in the Apple accessories industry.

An exclusive distribution agreement was signed between the two companies, and covers all 28 countries where ASBIS operates, mainly in the EMEA region. The first shipment to ASBIS sales channels has already been delivered in December 2011.

This partnership will help to fulfill the demand for innovative digital accessories through the wide network of ASBIS branches. Cygnett’s portfolio includes accessories for iphone, iPad, Android smartphones and tablets, portable speakers, earphones, power products and laptop bags.

“We are very pleased with this collaboration with the number one Australian brand in the digital accessories market” explains Lefkios Theodosiou, Business Developmenent Manager. “It will boost our offering of innovative and functional products with a fresh, fashionable design, to the channel. This is a logical step forward, considering Asbis’ solid strength as an Apple Value Added Distributor (VAD) in over 10 countries. Cygnett can count on Asbis’ reliability, expertise and professionalism to help them grow their market share.”

^{About ASBIS
ASBISc Enterprises PLC (WSE: ASB) is based in Cyprus and specializes in the distribution of IT products from worldwide leading manufacturers such as Apple, Intel, AMD, Seagate, Western Digital, Samsung, Microsoft, Toshiba, Dell, Acer, Lenovo and Hitachi. The company has own subsidiaries in 26 countries, more than 1,200 employees and 32,000 active customers in over 70 countries worldwide, and its revenue reached US$ 1,43 billion in 2010. For more information visit the company's website at www.asbis.com}

^{About Cygnett
Founded in 2003, Cygnett is now one of the largest Australian company in the Apple accessories industry. The company designs, develops and manufactures innovative digital accessories for the world’s most popular gadgets and technology: From cases and accessories for iPod, iPhone, iPad, smartphones and tablets to portable speakers, earphones, power products and laptop bags. The company has offices in the United States, Hong Kong, Australia and the United Kingdom, and is being sold in 36 countries around the world. For more information visit the company's website at http://us.cygnett.com}