AVNET LOGISTICS RECEIVES LOGISTICS AWARD HONG KONG 2007.

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HONG KONG, Oct. 1/Xinhua-PRNewswire-AsiaNet/ -- The First in Asia's Electronics Distribution Industry to Receive the Logistics Award Hong Kong

Avnet Logistics, an integrated logistics service provider and division of global technology distributor Avnet, Inc. (NYSE: AVT), today announced that it has received the Logistics Award for medium enterprises jointly presented by the Logistics Awards Hong Kong Organising Committee. Avnet Logistics is the first in Asia's electronics distribution industry to receive the recognition.

"We are honored to receive this prestigious award. It both acknowledges Avnets commitment to the Asian business community and recognises our role as a leading global technology distributor and logistics service provider," said Louis Lam, vice president of logistics, operations and IT at Avnet Asia.

The award criteria focuses on a company's ability to demonstrate leadership, establish and deploy a well-defined business strategy with clear management processes and demonstrate proven results in quality, cost management and customer service. With an emphasis on sustained improvement in key operational performance indicators, the award is designed not only to recognise current performance but also to acknowledge effective efforts at building capabilities to meet rapidly growing future needs.

With well-established logistics infrastructure for electronic component products and computer systems, together with a strategy focusing on operational excellence and exceptional customer service, Avnet Logistics exceeded all of the award criteria.

Anthony Wong, president of the Hong Kong Logistics Association and one of the organisers of the awards commented, "The Logistics Award recognises the significant contributions that particular Hong Kong logistics companies have made to the industry and the value they create for customers in the supply chain, which are the elements crucial to enhancing Hong Kong's competitiveness in the global logistics market. Award recipient Avnet Logistics succeeds in providing efficient and cost-effective logistics services that exceed customer requirements. Their operational excellence strategies and continuous commitment to green logistics initiatives make them stand out from others in the competition."