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Systemax Announces $499 Venture PC Bundle Featuring Intel Pentium 4 System, Flat Panel LCD Monitor and Printer

Posted on: Thursday, 21 August 2003, 06:00 CDT

PORT WASHINGTON, N.Y.--(BUSINESS WIRE)--Aug. 21, 2003--

First Complete Sub $500 PC Package With Pentium 4 Processor

and Flat Panel Monitor Available Today, Just in Time

for Back-to-School Shopping

Systemax, Inc. (NYSE: SYX - News), a leading manufacturer and distributor of PCs and related computer products, leaps ahead of the competition in the PC pricing war with the announcement of the industry's most aggressively priced PC bundle, the Systemax Venture(TM) U22R "Back To School" special offer.

Designed to help students get power, performance and versatility at the most affordable price available today, the complete system features an Intel(R) Pentium(R) 4 Processor at 2.2 GHz, a 14" LCD Flat Panel Display, a Lexmark(TM) printer, and lifetime antivirus protection, all for a limited time offer of $499 after rebates. The system is currently available for ordering and the offer runs through October 10th.

The new Systemax Venture PC bundle also offers a huge 40 GB hard drive for storing thousands of songs, videos, digital photos and even homework assignments and term papers. The bonus Lexmark printer generates high quality color photos and sharp text for neat, crisp printing.

The system also features a 52X (max) CD-ROM for tackling the most demanding applications and music CDs, while the on-board 10/100 Ethernet card lets you plug into a high speed connection and start surfing the Web instantly. The 14" LCD Flat Panel Display monitor completes the sleek, modern profile.

For a limited time, Systemax is offering a total of $150 in rebates to bring the final price of this complete package to just $499. Flexible configuration options are also available without losing the rebates.

"Having a state-of-the-art PC system is a critical tool to help students of any age get ahead, and in an era of skyrocketing education costs, Systemax is committed to making it easy to afford the best technology available," said Sean Aryai, Director OEM Marketing, Systemax Inc. "Our new $499 Venture system offers the most PC 'bang for the buck' available today, including an impressive Pentium 4 processor and flat panel monitor. Additionally, we back all our products with a first-class 24/7 customer service program, provided by fast and knowledgeable specialists trained to help resolve caller questions as quickly and efficiently as possible."

An aggressive, industry-leading pricing strategy has catapulted Systemax into one of the top PC manufacturers on the market today, according to major industry analysts, and has helped generate higher revenues and boosted the company's stock value in 2003. Backing this successful push for a greater share of the PC market is an employee training program that ranks among the top 30 companies in the U.S., according to a recent survey by Training Magazine.

The complete Venture package includes:

-- Systemax Venture(TM) U22R Tower PC

-- Intel(R) Pentium(R) 4 Processor at 2.2 GHz

-- 14" LCD Flat Panel Display

-- 40 GB Hard Drive

-- 128MB DDR Ram

-- 52X (max) CD-ROM

-- 10/100 On-Board LAN

-- CAS eTrust AntiVirus 7.0 with Lifetime Updates

-- Lexmark Z705 Printer

For more information on ordering the Venture(TM) U22R System, please call 1-800-8-GLOBAL or order online at www.globalcomputer.com.

About Systemax

Systemax Inc. (http://www.systemax.com) has developed an integrated system of branded e-commerce web sites, direct mail catalogs, and relationship marketing to sell PCs, related computer products and industrial products to businesses in North America and Europe. With annual sales of more than $1.5 billion, Systemax is a Fortune 1000 company. Product or service names mentioned herein are the trademarks of their respective owners.

Forward-looking statement: This press release contains forward-looking statements about the Company's performance. These statements are based on management's estimates, assumptions and projections and are not guarantees of future performance. The Company assumes no obligation to update these statements. Actual results may differ materially from results expressed or implied in these statements as the result of risks, uncertainties and other factors including, but not limited to: (a) unanticipated variations in sales volume, (b) economic conditions and exchange rates, (c) actions by competitors, (d) the continuation of key vendor relationships, (e) the ability to maintain satisfactory loan agreements with lenders, (f) risks associated with the delivery of merchandise to customers utilizing common carriers, (g) the operation of the Company's management information systems, and (h) unanticipated legal and administrative proceedings. Please refer to the Forward Looking Statements section contained in Item 7 of the Company's Form 10-K for a more detailed explanation of the inherent limitations in such forward-looking statements.

Product or service names mentioned herein are the trademarks of their respective owners.

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