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

IT Financing Becoming a Key Enabler for Resellers as Challenges Emerge

VICTORIA, BC - 31 Mar 2008: 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 Flexible Credit™ 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(s) information

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

Dena Grigas
Bell Microproducts; Lages & Associates
(408) 492-1470

dena@lages.com

David Saele
Think Communications
250.984.1535

dsaele@thinkcommunications.ca

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Business partners
Business partner information including strategic alliances
Global Financing
Hardware leasing, software and services financing, commercial financing, inventory, accounts receivable, term loans, acquisition financing