June 17, 2008

Micro Innovations Corp. Appoints New President and CEO

EDISON, N.J., June 17 /PRNewswire/ -- Micro Innovations Corp., a distributor of value-priced computer accessories to major retailers, today announced the appointment of Michael O'Neal as president and CEO, effective June 23, 2008.

Mr. O'Neal, 52, brings over 30 years management experience in consumer products manufacturing and distribution, retailing, and consulting. Most recently, he was president and CEO of Alco Consumer Products, Inc., a distributor of housewares and home decor products based in Cranbury, N.J.

Previously, he was president and CEO of Team Products International, Pine Brook, N.J., a supplier of branded automotive products, sporting goods, power tools and hardware products to retailers. Under Mr. O'Neal's leadership, Team Products won the 2006 AAPEX Show "Coolest New Auto Accessory Product" award for the Coleman (R) Powerworks Power Inverter.

Prior to that, Mr. O'Neal held president and CEO positions at consumer electronics accessories suppliers Philips Accessories North America, Ledgewood, N.J., and Gemini Industries, Clifton, N.J.

Commenting on the appointment on behalf of Micro Innovations' board of directors, principal Jerry Pasternak stated: "Mike has an extensive background not only in electronics and computer accessories, but also in licensing. His successful brand portfolio includes Philips, Zenith, Sponge Bob, ASPCA, and Southwestern Bell. That, along with broad retail relationships, will make Mike a key in leading our company to the next level."

Mr. O'Neal added: "One of my strengths is developing licensing partners. Micro Innovations' reputation as a quality leader in the value line will give us a strong platform to pair new licensees with innovative products in response to the marketplace."

A resident of Morristown, N.J., Mr. O'Neal holds BA and MA degrees from Rutgers University. He is currently a member of the Board of Industry Leaders of the Consumer Electronics Association (CEA).

About Micro Innovations

Founded in 1992, Micro Innovations Corp. is a privately held company based in Edison, N.J. It imports and distributes quality computer accessories at a value price point under the Micro Innovations brand throughout the U.S., Canada, and Mexico. Micro Innovations has also been master distributor for HP accessories in the U.S. and Canada, as well as licensee for Compaq and IBM computer accessories.

For more information about Micro Innovations, visit http://www.microinv.com/.

Micro Innovations Corp.

CONTACT: At Micro Innovations: Dorinda Freeman, +1-732-486-0079, ext.261, [email protected]; or Parness & Associates: Lisa Kreda or BillParness, +1-732-290-0121

Web site: http://www.microinv.com/