Canadian Technology Reseller Think Communications Finds Flexibility in Its Cash Conversion Cycle Working With IBM and

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Mon Mar 31, 2008 9:29am EDT

  VICTORIA, BC, Mar 31 (MARKET WIRE) -- 
 Think Communications, Inc., a leading local technology products and
services reseller for business, academia and government agencies in the province
of
British Columbia, Canada, has aligned itself with IBM Global Financing, the
lending and
leasing business segment of IBM (NYSE: IBM), and Bell Microproducts (PINKSHEETS:
BELM), a
leading, international, value-added distributor of technology, to achieve
greater management of its cash conversion cycle at a time when resellers
are confronting new challenges in the IT channel.

    Under this new three-way arrangement, Think Communications would leverage
IBM
Credit(TM) to establish a line of credit of between $100k to $400k CAD to
fund its purchase of technology components from its leading supplier Bell
Microproducts. IBM Flexible Credit, which was recently launched in Canada this
year, would enable Think Communications to readily integrate technology
solutions
for sale to its end-user clients. Think Communications then has the flexibility
and option to further extend payments with IBM Global Financing by up to an
additional 90 days, at a competitive monthly interest rate. Flexible Credit
program details can be found in English and in French.

    "As a reseller, it is all about simplicity and flexibility," said David
Saele,
founder of Think Communications. "24/7 access to a tool that can help us
effectively manage our cash conversion cycle allows us to focus on our
clients and make sure they are getting the very best service and technology
to suit their business needs."

    Today many resellers are challenged by recent dislocations in the credit
market.
They are finding that IT asset based lenders like IGF, who can manage credit
risk because of their significant technology experience, can provide a viable
option as more traditional sources of credit tighten.

    In addition, resellers are also finding that their clients are requiring
longer
technology engagements because of their need for a greater mix of hardware,
software and services. Where engagements used to run on average 30 days before
the reseller received payment for a job completed, more complicated jobs that
require value added services, like asset disposal, training, or software
installs
have stretched payment times outward on average to 45 to 90 days.

    "For resellers like Think Communications, having greater flexibility in
their cash conversion cycle can make all the difference when it comes to
growing their business, going after more clients and widening their market
share," said Ben Nikolaevsky, manager of Commercial Financing, IBM Global
Financing Canada.

    Bell Microproducts treasurer, Karl Steffensaid the three-way agreement is
"an example of how companies can work together to build a healthy IT
channel. We're committed to providing our customers the products, programs and
financing arrangements that drive their success."

    "Ready access to available lines of credit is a key enabler for resellers
looking
to survive today's challenging technology landscape," said Steffensaid.

    About IBM Global Financing

    IBM Global Financing (IGF), the financing business segment of IBM and the
world's premier single-source provider for multivendor IT financing solutions,
serves commercial clients ranging from small businesses to the majority of
the Global Fortune 100.  With assets of $38 billion worldwide, IGF provides
project
financing, commercial financing and asset-recovery services to 125,000 clients
in more
than 40 countries. Additional information can be found at
http://www-03.ibm.com/financing/us/

    About Think Communications

    Think Communications Inc. is a trusted partner for business technology
products and
services. We carry leading edge solutions from all the major manufacturers and
our dedicated team has the experience to help you choose the right options for
your business. Our sales and service team is made up of business
professionals who each have no less than 10 years of IT experience. In
addition each member has also managed or ran their own successful business
before joining Think so we know the challenges a company can face when
making strategic business decisions related to technology. Additional
information can be found at http://www.thinkcommunications.ca/index.html

    About Bell Microproducts

    Bell Microproducts (PINKSHEETS: BELM) is an international, value-added
distributor of
a wide range of high-tech products, solutions and services, including storage
systems, servers, software, computer components and peripherals, as well as
maintenance and professional services. An industry-recognized specialist in
storage products, this Fortune 1000 company is one of the world's largest
storage-centric value-added distributors.

    Bell Microproducts is uniquely qualified with deep technical and application
expertise to service a broad range of information technology needs. From design
to
deployment, its products are available at any level of integration, from
components to subsystem assemblies and fully-integrated, tested and certified
system solutions. More information can be found in the company's SEC filings, or
by
visiting the Bell Microproducts Web site at http://www.bellmicro.com

    

CONTACT:
Fred Clarke
IBM
(914)-715-5986 (mobile)
(914)-765-6700 (office)
fredc@us.ibm.com

David Saele
Think Communications
250.984.1535
dsaele@thinkcommunications.ca

Dena Grigas
Bell Microproducts
Lages & Associates
(408) 492-1470
dena@lages.com

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