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Avnet Technology Solutions to host a free financial guidance event

Avnet Technology Solutions is hosting a special financial guidance event on Friday 14 November in THE [resource], its training and demonstration facility in Bracknell, Berkshire. 

The event is open to all Avnet business partners, large and small, to help them manage their way through a potentially difficult financial period in the coming months.  In addition to presentations from Marcus Allen, Avnet UK Finance Director and Deborah Scott, Avnet UK Risk and Collections Manager, delegates will have a one-off opportunity to hear an industry view from Philip King, Director General of the Institute of Credit Management.

Philip King will discuss what business partners should consider when managing cash flow during an economic slowdown including how to spot danger signs and how to maximise current credit arrangements. 

Marcus Allen, Avnet Technology Solutions UK Finance Director said, "Avnet has always taken a very proactive approach to working with Business Partners in terms of finding the right financial solutions best suited to meet their individual needs.  With our excellent credentials and relationships with major financing partners such as General Electric and IBM Global Financing Avnet is ideally positioned to help support business partners at this time.

"Tailoring financial arrangements for each set of requirements removes the need to shop around for separate credit lines and simplifies the whole management process.  We are seeing the benefits of this already as a result of Avnet's recent acquisitions where credit lines with business partners remain the same but are combined under one agreement with Avnet."  

Matthew Gower, Vice President of Sales for Avnet Technology UK and Nordics continued, "The aim of the half-day workshop is to illustrate how Avnet's size and stability can provide tailored support to business partners.  At the same time we will be providing the knowledge required for people to make their own sound financial decisions in terms of cash management and credit.  We feel this is a more responsible approach in these difficult times than simply encouraging businesses to grab any additional credit options offered to them."

Individual one-to-one meetings with an Avnet Financial Consultant will be available before and after the workshop.  Financial options to be discussed during the event include, Assignment of Proceeds, Leasing, Project Financing, Electronic Invoicing, Open Trade Credit and Flexible Credit including an additional 30 days of free credit on top of the standard 30 days. 

About Avnet Technology Solutions

Avnet Technology Solutions is an operating group of Phoenix-based Avnet, Inc. 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. For fiscal year 2008, the group served customers in more than 30 countries and generated US $7.6 billion in annual revenue.

Visit: www.ts.avnet.com/emea/

About Avnet Inc

Avnet, Inc. (NYSE:AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology in the world. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of more than 100,000 customers and providing cost-effective, value-added services and solutions. For the fiscal year ended June 28, 2008, Avnet generated revenue of $17.95 billion. For more information, visit www.avnet.com.

For more information please contact:

Avnet Technology Solutions
Linda Patterson, Marketing Director
T: +44 (0)1344 662000
E: Linda.patterson@avnet.com