Maxtor Corporation (NYSE: MXO), a worldwide leader in hard disk drives and consumer storage products, announced today the appointment of Jarir Bookstore as a retail distribution partner in Saudi Arabia. Jarir Bookstore, a leading IT distributor in the Kingdom of Saudi Arabia, will offer Maxtor’s complete range of consumer storage solutions including the Maxtor OneTouch™ drive for simple desktop or laptop backup and storage, Maxtor Shared Storage™ solution for small office or home networks, and the new Maxtor OneTouch II, Small Business Edition drive for easily backing up a small business server.
Maxtor’s relationship with Jarir Bookstore is designed to create market awareness and demand for Maxtor storage solutions and increase customer reach through a chain of multiple retail stores owned and operated by Jarir Bookstore in the main cities of Saudi Arabia.
“This appointment reflects Maxtor’s commitment to the MEA market,” stated Rajeev Mukul, general manager, Maxtor Middle East. “Consumers seek powerful, reliable and robust storage solutions both for the home and office, and the demand for such products is very high. Our partnership with Jarir Bookstore provides an important outlet for reaching the Saudi consumers. We are confident that their market knowledge and expertise will give us added advantage and increase our share of the consumer storage market in the Kingdom of Saudi Arabia.”
“We are in a strong position to bring Maxtor’s cutting-edge technology and easy to use storage solutions to consumers and small business users in the Saudi market,” said Manoharan.V, VP-Merchandising, Jarir Bookstore. “Maxtor’s branded products will significantly strengthen our current product mix as they are known worldwide for providing simple, elegant and intuitive solutions that are suitable for a myriad of markets.”
About Maxtor Corporation
Maxtor Corporation (www.maxtor.com) is one of the world's leading suppliers of information storage solutions. The company has an expansive line of storage products for desktop computers, near-line storage, high-performance Intel-based servers and consumer electronics. Maxtor has a reputation as a proven market leader built by consistently providing high-quality products, and service and support for its customers. Maxtor and its products can be found at www.maxtor.com or by calling toll-free (800) 2-MAXTOR. Maxtor is traded on the NYSE under the MXO symbol.
About Jarir Bookstore
Jarir Bookstore (a division of Jarir Marketing Company is the No.1 IT retail chain in the middle-east with over 18 superstores located in Saudi Arabia, Qatar, Kuwait & UAE) is a direct reseller/distributor of HP, Dell, IBM, Acer, Toshiba, Fujitsu Siemens in the Kingdom of Saudi Arabia and has been successful in establishing a strong network and supplying to leading retail business partners.
The Maxtor OneTouch drive is an element of a user’s overall backup solution and protection plan. For purposes of measuring disk drive storage capacity, one gigabyte (GB) represents one billion bytes.
This announcement relating to Maxtor may contain forward-looking statements concerning the distribution and sale of Maxtor products and Maxtor's execution. These statements are based on current expectations and are subject to risks and uncertainties which could materially affect the company’s results, including, but not limited to, market demand for hard disk drives, the successful execution of volume manufacturing, distribution and sales development programs, the development and implementation of new technologies and achieving economical production yields, the company’s ability to execute future production ramps and utilize manufacturing assets efficiently and secure its requirements of components from suppliers, pricing, competition, and the significant uncertainty of market acceptance of new products. These and other risk factors are contained in documents that the company files with the SEC, including the Form 10-K for fiscal 2004 and its recent 10-Qs. Maxtor is under no obligation to, and expressly disclaims any responsibility to update or alter, its forward-looking statements, whether as a result of new information, future events or otherwise.
