All American Semiconductor announces all locations agreement with Astec America Power Conversion Products

Business Wire, March 11, 1997

MIAMI--(BUSINESS WIRE)--March 11, 1997--All American Semiconductor Inc. (Nasdaq:SEMI), a leading national distributor of electronic components, has signed an agreement to distribute products manufactured by Astec America Inc. This authorization permits All American to distribute Astec's extensive range of power conversion products in all locations in North America.

Astec is the world's largest merchant power supply manufacturer. With headquarters in Hong Kong and stock traded on the London stock exchange, Astec is truly a worldwide and world class supplier of standard, modified and custom power supplies. Their catalog product line, ranging from 1 Watt to 3000 Watts, includes AC/DC switchmode and linear supplies, DC/DC converters and customer power systems.

Bruce Goldberg, president and chief operating officer of All American commented: "This new alliance offers tremendous opportunities for both of our companies. The addition of such a world leader in power conversion products provides All American with a cornerstone supplier in this important sector of the electronics industry. All American, with 30 locations throughout North America, offers Astec access to an ever expanding customer base as All American is one of the fastest growing distributors in the country. We are excited about the tremendous potential of this partnership for both Astec and All American."

All American is ranked as the nation's 8th largest distributor of semiconductors and the 16th largest electronic components distributor overall. The company now has offices in 30 strategic locations throughout North America, including All American's ISO certified distribution and programming center in Fremont, Calif.

CONTACT: All American Semiconductor, Miami

Bruce M. Goldberg, President

Howard L. Flanders, CFO

305/621-8282 x1417