LAWRENCEVILLE, Ga., July 26, 2011 (GLOBE NEWSWIRE) -- Encompass Group Affiliates, Inc. (OTCBB:ECGA), a leading provider of replacement parts and reverse logistics services for a wide range of electronics products, today announced that its subsidiary Encompass Parts Distribution, Inc., has finalized an agreement with Yamaha Corporation of America to distribute replacement parts for its full line of professional audio products.
Encompass currently distributes parts for a range of Yamaha consumer electronics products, such as home theater and hi-fi stereo systems. Under the expanded agreement, Encompass will supply parts for Yamaha pro audio products, including keyboards, synthesizers, mixers and power amplifiers.
"We are pleased to be growing our relationship with Yamaha into the musical instrument category, and look forward to leveraging our proven distribution capabilities to provide superior support to Yamaha products in the market," said Robert Coolidge, President of Encompass Parts Distribution.
Encompass will support Yamaha from its distribution facilities in Lawrenceville, Ga., located just north of Atlanta, and Las Vegas.
"As Encompass has been successfully providing parts distribution services for Yamaha's CE line, they were a natural fit as we looked to partner with a supplier for our professional audio parts line," said Bruce Bernstein, Yamaha Director of Service and Parts. "We are confident that Encompass will deliver the same exceptional support for this product category."
About Yamaha
Established in 1960, the Yamaha Corporation of America (YCA), then Yamaha International Corporation, offers a full line of musical instruments and audio/visual products to the U.S. market. YCA is a wholly-owned subsidiary of Yamaha Corporation, Japan, and is the largest of all global subsidiary companies.
About Encompass
Encompass is a market leader in forward and reverse supply chain logistics, board repair services and asset management for a wide variety of high-tech products and consumer electronics. Encompass, through its wholly-owned subsidiaries, Encompass Parts Distribution, Inc., Encompass Service Solutions, Inc. and Encompass International, provides comprehensive electronics parts distribution, asset value recovery, returns management, depot repair and refurbishment services. For more information, please visit encompass.com.
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This release and oral statements made from time to time by Encompass Group Affiliates, Inc.'s representatives concerning the same subject matter may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by introductory words such as "expects," "anticipate," "plans," "should," "believes," "will," or words of similar meaning, and by the fact that they do not relate strictly to historical or current facts. Many factors may cause actual results to differ from forward-looking statements, as well as inaccurate assumptions and a broad variety of risks and uncertainties, some of which are known and others of which are not. Known risks and uncertainties include those identified from time to time in the reports filed by Encompass Group Affiliates, Inc. with the Securities and Exchange Commission, which should be considered together with any forward-looking statement. No forward-looking statement is a guarantee of future results or events, and one should avoid placing undue reliance on such statements.