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Almo’s Double-Digit Annual Growth Prompts Expansion of Nationwide Distribution Network

Almo’s Double-Digit Annual Growth Prompts Expansion of Nationwide Distribution Network

Philadelphia, PA – July 9, 2012: Almo Corporation, the major national consumer and professional electronics and appliance distributor, released its fiscal 2012 results during the most recent quarterly board meeting, and the company reported an overall double digit revenue increase over fiscal 2011, which marks the 10th straight year of double digit compounded growth. In addition, the company has expanded its nationwide distribution network as a result of the recent addition of several major appliance product lines and continued growth in the Fulfillment and Pro Audio/Visual channels.

An integral part of the distribution network expansion includes the addition of a distribution center in Reno, Nevada while also enlarging the footprint of several existing distribution centers throughout the country, such as Dallas, Texas and Columbus, Ohio. Almo’s growth, coupled with recent exclusive distribution agreement wins, made the choice to expand its distribution network an easy one.

“Our unwavering commitment to providing our dealers with the best products in a timely fashion has placed us in the rapid growth category in this otherwise unstable economy,” said Warren Chaiken, Almo President and COO. “With this marked growth pattern and upcoming opportunities, it’s necessary that we ensure our facilities and services remain top-notch.”

According to Almo Professional A/V Executive Vice President and COO Sam Taylor, “The Pro A/V division had another record year with 50 percent growth year-over-year. It’s because of our continued focus on education for our sales team and our reseller partners that we’ve achieved this amazing growth, which is a validation of our approach to this market.”

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About Almo Corporation
Almo Corporation is the nation’s leading independent distributor of Major Appliances, Consumer Electronics and Professional A/V equipment. Known for its Rapid Ship services and exceptional customer service, Almo distributes over 85 of the industry’s top brand names. Dealers and Retailers have instant access to a wide variety of Major Appliances, Consumer Electronics, Mobile Electronics, Professional A/V Equipment and Professional Residential Kitchen and Outdoor Appliances.

Founded in 1946, Almo is headquartered in Philadelphia, Pennsylvania, and operates 10 regional distribution facilities with over 1.2 million square feet of warehousing throughout the United States. More information on Almo is available by contacting the company directly or at Almo’s website located at www.almo.com.

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