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    • Asian Atlantic Industries appoints New VP of Business Development

    Stratham, NH (June, 2001) - Asian Atlantic Industries, Inc., a leading global independent distributor of computer components and peripherals, has appointed Mike Novak as Vice President of Business Development.

    Novak's experience includes thirteen years of marketing and business development, with a strong focus on organizational growth. Former management positions include Director of Business Development for a leading business-to-consumer Internet site, and Business Development Manager for a leading global business-to-business technology firm.

    Tom Mahoney, President of AAI, said "Mike's experience with leveraging Internet technology and developing business-to-business organizational models will support and expand AAI's growth strategy."

    "AAI is an emerging company in a fast-paced and competitive market," said Novak. "Our accelerated growth is testament of our ability to meet and exceed our client's inventory management challenges. We look forward to demonstrating our capabilities in the future, and expect it to continue to fuel our growth."

    AAI achieved sales of $42.5M in 2000, and relocated to Stratham, NH in March 2001 from its former headquarters in Amesbury, MA, to support ongoing growth. AAI was recently named the fifth fastest growing privately owned company in the U.S., according to an independent survey conducted by Dun & Bradstreet.

    Asian Atlantic Industries is an independent distributor of integrated circuits, electronic components, and computer peripherals. Founded in 1998 by a management team with over 30 years combined industry experience, AAI's mission is to aggregate "real time" industry information to assist Original Equipment Manufacturers in their purchasing and inventory management decisions. AAI Distribution, a subsidiary of Asian Atlantic Industries, was formed in 2000 to provide finished computer systems and computer options to distributors, value-added resellers, and business end users. For additional information, visit AAI's website at www.aai-inc.com.