Avnet Technology Solutions Extends Leasing Services to All Partner Sales Opportunities

Avnet Capital Solutions Provides Partners with a Vendor-Neutral
Financing Program
TEMPE, Ariz.--(Business Wire)--Avnet Technology Solutions, an operating group of Avnet, Inc.
(NYSE:AVT) and a distributor focused on enterprise computer products
and embedded subsystems, today launched Avnet Capital Solutions, its
new private-label leasing program. Avnet Capital Solutions'
competitive leasing services will allow Avnet partners to bundle
hardware, software, services and financing in one sale. Available to
end users through Avnet's U.S. value-added reseller partners, Avnet
Capital Solutions is designed to provide a critical vendor-neutral
option for solutions involving multiple brands or technologies that
are not supported by vendor-established leasing programs, while
complementing existing supplier financing programs.

"Our partners want to be trusted advisors to their customers, and
leasing is a great way to help them achieve this goal," said Lisa
Friesenhahn, vice president of leasing, services & remarketing sales,
Avnet Technology Solutions, Americas. "Through leasing, partners can
help their customers afford the latest technology with lower upfront
costs, while allowing them to take advantage of future technology
advances. We developed Avnet Capital Solutions to give all of our
partners access to fast, competitive and accurate leasing options that
will help increase revenue and incremental sales opportunities."

With a comprehensive portfolio of leasing services for information
technology purchases, Avnet's Leasing team will guide partners
throughout the entire financing process. They can assist in assessing
end-users' leasing requirements and work hand-in-hand with the partner
to structure a deal to meet the individual needs of each customer. The
Avnet Capital Solutions team also provides quoting, contract
development, and can co-present the leasing proposal to the customer
as needed by the partner. Following the partner's delivery and
customer's acceptance of the solution, the lease is funded which
typically returns working capital to the partner faster than any other
form of payment. This leads to a reduction in partners' days sales
outstanding when compared with traditional purchases, and average
lease transactions are funded in less than 30 days.

"We want our customers to have the best-suited technology for
their needs at a price that comfortably fits within their budgets, and
leasing can help us maximize their purchasing power," said Fred
Bedard, president and chief operating officer, Regan Technologies.
"Avnet Capital Solutions presents a real advantage in this area
because it is vendor neutral. With these services, we can finance a
complete solution including hardware, software and services,
regardless of the technology brands involved. We look forward to
engaging Avnet Capital Solutions' team of financing experts."

In addition to the benefits that leasing provides customers, it
also offers key advantages to partners. With leasing, partners can
increase revenue because customers are able to purchase more
technologies and services, and low upfront costs and scheduled monthly
payments make purchasing decisions easier. The flexibility of leasing
also allows for more frequent technology upgrades and the ability to
add on to existing solutions quickly, which results in incremental
sales opportunities. Additionally, leasing improves partners' cash
flow and minimizes their financial risks.

"Leasing is an important and increasingly widespread tool for
companies making technology-related purchases because of its
flexibility in funding hardware, services and complete solutions,"
said Joseph Pucciarelli, program director, Technology Financing &
Management Strategies, IDC.

"Value-added resellers are in the perfect position to capitalize
on this shifting customer requirement because of the clear cut
financial benefits and return on investment to not only their
customers, but also their own businesses," said Janet Waxman, vice
president, Hardware Channels Research, IDC.

About Avnet Technology Solutions

Avnet Technology Solutions is an operating group of Avnet, Inc.
(NYSE:AVT) representing US$6 billion in annual revenue for fiscal year
2007, with locations in more than 30 countries. As a global technology
sales and marketing organization, Avnet Technology Solutions has sales
divisions focused on specific customer segments and a select line card
strategy enabling an exceptional level of attention to the needs of
its customers and suppliers. Visit www.ats.avnet.com.

About Avnet

Avnet, Inc. (NYSE:AVT) is one of the largest distributors of
electronic components, computer products and technology services and
solutions with more than 300 locations serving more than 70 countries
worldwide. The company markets, distributes and optimizes the
supply-chain and provides design-chain services for the products of
the world's leading electronic component suppliers, enterprise
computer manufacturers and embedded subsystem providers. Avnet brings
a breadth and depth of capabilities, such as maximizing inventory
efficiency, managing logistics, assembling products and providing
engineering design assistance for its 100,000 customers, accelerating
their growth through cost-effective, value-added services and
solutions. For the fiscal year ended June 30, 2007, Avnet generated
revenue of $15.68 billion. For more information, visit www.avnet.com.

Brodeur, for Avnet
Marcia Chapman, 602-808-1169 (Media)
mchapman@brodeur.com

Copyright Business Wire 2008