Samsung Announces Independent Dealer Channel Distribution Program for Home Appliances

Almo Corporation and Climatic Corporation Contracted by Samsung as
U.S. Distribution Partners for the Independent Appliance Dealer
Channel.
RIDGEFIELD PARK, N.J.--(Business Wire)--
Samsung Electronics, a global leader in consumer electronics and
home appliances, today announced the appointment of two new
distribution partners, Almo Corporation and Climatic Corporation, for
Samsung branded home appliance products. This new distribution program
will enable independent U.S. appliance dealers to source Samsung
branded appliances from two highly-experienced appliance distributors.

"Partnering with the two industry-leading appliance distributors
will give Samsung the ability to reach an entirely new customer base,"
stated James Politeski, vice president of Home Appliance Sales &
Marketing at Samsung Electronics America. "Our strategic move to now
encompass the independent dealer channel is a significant event for
Samsung. We look forward to a very successful and mutually fruitful
partnership."

Climatic Corporation, based in South Carolina, is one of the
largest regional appliance distributors in the U.S. With 5 major
distribution centers, they will serve seven Southeast states,
including Alabama, Arkansas, Florida, South Carolina, Georgia,
Louisiana and Mississippi.

Almo Corporation, based in Philadelphia, is the nation's largest
appliance distributor. Almo will serve the balance of the United
States with their nationwide network of 12 distribution centers. Their
extensive distribution network enables them to reach 99% of the nation
in 1-2 days ground shipping which is unprecedented in the appliance
industry.

"This partnership is a great opportunity for our independent
dealers to add a sought-after premium brand to their offering," stated
Warren Chaiken, President and COO of Almo Corporation. "We're very
excited that this program with Samsung, Climatic and Almo will be a
boon to the independent appliance channel."

"We join our customers and Samsung in saying this is a major step
in our mutual growth and ability to serve the Southeast. The respect
of the Samsung brand in conjunction with Climatic Corporation position
in the market place promise to be a big win for all involved. Our
companies' values are very closely aligned and this will be a thriving
partnership," stated Gilly Bailey, President of Climatic Home Products
division.

Independent dealers interested in carrying Samsung branded
appliances can call 1-866-9Samsung for more information.

About Samsung Electronics America, Inc.

Headquartered in Ridgefield Park, NJ, Samsung Electronics America,
Inc. (SEA), a wholly owned subsidiary of Samsung Electronics Co.,
Ltd., markets a broad range of award-winning, digital consumer
electronics and home appliance products, including HDTVs, home theater
systems, MP3 players, digital imaging products, refrigerators and
washing machines. A recognized innovation leader in consumer
electronics design and technology, Samsung is the HDTV market leader
in the U.S. Please visit www.samsung.com for more information.

About Almo Corporation

Almo Corporation is the nation's leading independent distributor
of Consumer Electronics and Major Appliances. Almo distributes over 40
of the industries top brand names of Major Appliances, Consumer
Electronics, Mobile and Professional Audio/Visual Equipment,
Professional Residential Kitchen and Outdoor Appliances and Industrial
Wire and Cable Products.

Founded in 1946, Almo is headquartered in Philadelphia,
Pennsylvania, and operates 11 regional distribution facilities with
over 1 million square feet of warehousing throughout the United
States. More information on Almo is available by contacting the
company directly or at Almo's web site located at www.almo.com.

About Climatic Corporation

Based in Columbia, SC, The Climatic Corporation has diversified
holdings throughout the Southeast. Climatic Home Products continues to
offer only quality products to retailers via multiple warehouses and
sophisticated logistics. Focusing on residential customer's needs
allows CHP to fully understand the best ways to support the retailer.

The history of the company goes back four generations and today
represents nearly a dozen diverse, yet closely related businesses.
There are currently twenty one locations in seven states to serve our
customers.

You may contact us at 1-800-845-4994 or visit us at,
www.climaticcorp.com Corporate or www.climatichomeproducts.com to
browse our B2B website.

MWW Group
Laura DiStefano, 201-231-6002
ldistefano@mww.com
or
Almo Corporation
Pamela Baldwin, 215-698-4013
pbaldwin@almo.com
or
Climatic Home Products
Lynn Sprinkle, 800-845-4555 extension 213
lsprinkle@climaticcorp.com

Copyright Business Wire 2008