Intelix-Liberty News Release 6-7-11 - Liberty AV Solutions

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Jun 7, 2011 - LIBERTY AV SOLUTIONS ACQUIRES INTELIX, LLC. COLORADO SPRINGS, CO, June 7, 2011—Liberty AV Solutions, a d
 

   

   LIBERTY  AV  SOLUTIONS  ACQUIRES  INTELIX,  LLC  

  COLORADO  SPRINGS,  CO,  June  7,  2011—Liberty  AV  Solutions,  a  division  of  WESCO   Distribution,  Inc.  acquired  Middleton,  Wisconsin-­‐based  Intelix,  a  manufacturer  of  AV   components  and  software.  The  move  follows  a  successful  conclusion  to  negotiations   between  Intelix  and  WESCO  Distribution,  Inc.—Liberty’s  parent  company—to   acquire  Intelix  outright  for  an  undisclosed  sum.  Liberty  joined  WESCO  in  2006  as   part  of  WESCO’s  acquisition  of  Communications  Supply  Corporation,  of  which   Liberty  is  a  subsidiary.       Liberty  is  an  audio/visual  (AV)  supplier  of  solutions-­‐based  products  ranging  from   bulk  wire  and  cable  to  equipment  enclosures  and  mounts  to  power  distribution   products  and  much  more.     “Intelix  has  built  a  fine  reputation  among  AV  professionals  over  the  last  decade,”   John  Dace,  who  leads  the  Liberty  operation  within  WESCO,  remarked  following   news  of  the  WESCO  acquisition.  “The  company  will  enable  the  analog-­‐to-­‐digital   transition.  Its  latest  generation  of  products  promise  to  make  the  shift  to  HDMI   easier,  reliable  and  more  profitable.”       Liberty  will  bring  the  full  support  and  service  of  an  efficient  and  highly  organized   global  sales  force  to  the  task  of  bringing  the  entire  Intelix  catalog  to  market.  Intelix,   in  turn,  will  continue  to  do  what  it  does  best:  Researching  and  developing  products   that  deliver  real  value  and  reliability  in  a  rapidly  changing  market.     “We  are  a  research  and  development  company  first,”  says  Intelix  founder  Steve   Cohan,  who  will  stay  on  to  guide  operations  at  the  company  he  founded.  “We’ll   continue  to  delve  deeply  into  discovering  what  it  takes  to  make  HDMI  products   work  more  efficiently.  As  it  has  been  from  the  beginning,  our  goal  is  to  help  system   designers  and  integrators  adapt  to  today’s  realities  as  quickly  as  possible  and  in  a   pain-­‐free  environment.”     While  there  is  something  for  virtually  any  application  to  be  found  within  the  Intelix   catalog  ranging  from  traditional  matrix  mixers  to  analog-­‐to-­‐digital  converters,  the   fastest  growing  segment  among  the  company’s  product  groups  is  HDMI.  The   company  manufactures  an  extensive  line  of  HDMI-­‐over-­‐coax  extenders,  distribution  

amplifiers,  scalers,  converters,  matrix  switchers,  room  combiners,  and  multi-­‐zone   paging  systems.  It  also  currently  offers  the  broadest  line  of  AV-­‐over-­‐twisted-­‐pair   extenders,  including  solutions  for  multiple  formats  of  audio  and  video,  VGA,  DVI,   HDMI,  USB,  and  PS2.       WESCO International, Inc. (NYSE: WCC), a publicly traded Fortune 500 company headquartered in Pittsburgh, Pennsylvania, is a leading provider of electrical, industrial, and communications maintenance, repair and operating ("MRO") and original equipment manufacturers ("OEM") products, construction materials, and advanced supply chain management and logistics services. 2010 annual sales were approximately $5.1 billion. The Company employs approximately 6,800 people, maintains relationships with over 17,000 suppliers, and serves over 100,000 customers worldwide. Customers include industrial and commercial businesses, contractors, governmental agencies, institutions, telecommunications providers and utilities. WESCO operates seven fully automated distribution centers and over 400 full-service branches in North America and international markets, providing a local presence for customers and a global network to serve multi-location businesses and multi-national corporations. The matters discussed herein may contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from expectations. Certain of these risks are set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010, as well as the Company's other reports filed with the Securities and Exchange Commission. ###