ProSource and Power Audio Video Group form a Strategic Alliance

Mr. Workman commented, “Both ProSource and the Power Group bring unique and distinct assets to this relationship that over the long term will allow both organizations to develop and provide business tools for independent retailers that are not currently available from any other organization or business.”

“The signing of this strategic alliance agreement is only the beginning of what will become a benchmark for buying group business operations and practices,” stated Mr. Murphy. “There is a tremendous amount of human capital resource and industry experience that will be aligned to produce entirely new resources, business practices and ideas.”

“The continuing changes in the economics of our industry are demanding new standards of operations, new methods of creating and sustaining business growth, and the development of new opportunities for the entire industry,” said Mr. Workman. “The independent dealer channel is a prominent distribution channel for new technologies and a North American alliance will hopefully result in a stronger voice at the table with suppliers on behalf of our respective members.”

“This strategic alliance agreement is a long term commitment between ProSource and the Power Group that will leave behind outdated business practices and foster new standards of communication and interaction between suppliers, retailers, and the groups that represent the retailers,” said Mr. Murphy.

About ProSource:

ProSource is a cooperative, member-owned, not-for-profit buying group that includes members of the former Home Entertainment Source (HES) and PRO Group. With retail sales of more than $4.5 billion, ProSource is the largest specialty and consumer-electronics merchandising group in the United States, which allows it to negotiate stronger programs with manufacturers, helps independent retailers stay relevant to consumers, and keeps the specialty A/V channel competitive. ProSource currently represents more than 500 retailers and custom integrators. For additional information go to: www.prosourceinfo.com.

About Power Audio Video Group:

The Power Audio Video Buying Group acts as a representative management and marketing firm working on the behalf of member and affiliated Consumer Electronics, Home Appliance and IT businesses and retailers. The Managing Partners of the Power Audio Video Buying Group can be contact via the group web site, www.poweraudiovideo.ca or by email as follows:

James Murphy, President
JamesM@power-group.ca

Michel Paul, Vice-President Product Planning
MichelP@power-group.ca

Robert Gumiela, Vice-President Marketing
RobertG@power-group.ca

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