EUROSTAR IT & Telecom, a part of the EUROSTAR Group of Companies, has announced its revenues for the first year of operations. The distributor has registered a record growth of AED 100 million from its initial year of operations, cementing its credentials as a major player in the IT distribution market. The company recently widened its distribution clientele by adding IC INTRACOM and Astone, and has attributed the strong results to a growth in its product portfolio and the development of a strong network across the region.
Partnering with leading technology firms such as Samsung, Razor, Lite-On (exclusively for the African market), and now Astone and IC INTRACOM, EUROSTAR IT & Telecom distributes a portfolio of products including state-of-the art TFT LCD monitors, Optical Storage Devices, Printers (Laser, DeskJet, and Multifunction) and other technologically advanced lifestyle products. The company has distribution partners across the Middle East, Africa, CIS & the Indian Subcontinent and these partnerships help it derive maximum business value and penetration in target markets.
Commenting on the results, Raju T. Jethwani, Chairman of EUROSTAR Group said, “'EUROSTAR IT & Telecom’s success has been built primarily through the establishment of a regional network throughout the Middle East supplemented by a strong presence in the major power retailers across the region. Aggressive channel marketing and regular dealer promotions have been a key part of our strategy and we are looking to build long term customer and channel partnerships for sustainable growth.”
IC INTRACOM is a worldwide manufacturer and marketer of PC components and networking products. Headquartered in Tampa Bay, USA, the company develops, manufactures and sources more than 2,000 PC peripherals, accessories and networking products under the MANHATTAN and INTELLINET NETWORK SOLUTIONS brands. With over seventy product lines, Australian manufacturer, Astone provides customers with innovative and exciting lifestyle products in categories such as Digital Entertainment, Audio, Lifestyle and Home Appliances, Computer Peripherals, Electronic Toys and Communication. Launched in January 2005, Astone will be displaying their range of Multi-media players & speakers, i-Pod accessories and the Astone Ocean Scooter at Gitex 2006.
“The addition of IC INTRACOM and Astone to our portfolio will allow us to position a wider array of solutions to meet demand in Middle East markets. We are fully geared to leverage our extensive channel partner network to help IC INTRACOM and Astone achieve regional sales and expansion objectives,” added Jethwani.
EUROSTAR IT & Telecom will be showcasing a complete range of products including Optical Disk Drives, TFT LCD Monitors, MP3 / MP4 Players, Home Theatre Systems, and computer Accessories & Peripherals from its different vendors at Gitex 2006. The EUROSTAR Group will have a large double-decker stand in Hall 2, which will be segregated into several sections, and will focus on the extensive range of products being distributed by EUROSTAR IT & Telecom.
“As the exclusive distributors of Astone and IC INTRACOM in the MENA and CIS regions, we are participating at Gitex with the theme ‘Lifestyle & Technology’ and we look forward to launching these brands at Gitex as it presents us with an excellent opportunity to forge new agreements with dealers from across the region. Moreover, since the bulk of our customers come from GCC states, Africa, CIS countries, and the Indian Subcontinent, we believe Gitex is the perfect platform to launch new products,” concluded Jethwani.
About EUROSTAR
EUROSTAR is a diversified group with core business interests in Digital Satellite Receiving Systems & Pay TV. The group has ventured into Consumer Electronics, IT Distribution, telecommunications, Real Estate, Central System Projects and Logistics. The well-diversified Group has a global network spans over 50 countries worldwide. EUROSTAR has distribution and technical tie-ups with world-renowned corporations including Thomson, Samsung, Sharp, MTI and SCM, to name a few.
