Zacks' Discount Fundamental Strength Strategy Highlights: Avnet, Benchmark Electronics, ICT Group and SYNNEX Corp

Business Wire, March 6, 2007

CHICAGO -- Combining strong underlying fundamentals with low valuations can lower risk and increase portfolio returns. Zacks' Discounted Fundamental Strength Profit Track strategy has generated double-digit returns for five consecutive years, including a 21.6% gain in 2005. For the first nine months of 2006, this Profit Track has returned 29.7%. Four stocks that currently have both fundamental strength and discounted valuations are Avnet, Inc. (NYSE: AVT), Benchmark Electronics Inc. (NYSE: BHE), ICT Group Inc. (Nasdaq: ICTG) and SYNNEX Corp. (NYSE: SNX). View the entire list of stocks for the Discounted Fundamental Strength Profit Track at http://at.zacks.com/?id=2142.

Here are details about four companies currently identified by the Discounted Fundamental Strength Profit Track:

Avnet, Inc. (NYSE: AVT) offers a PEG ratio of 0.80 and a price/sales multiple of 0.34. The company reported fiscal second-quarter earnings of 67 cents per share in late January. The result exceeded the consensus estimate by 8% and outperformed the year-ago total. AVT stated that its strong quarterly performance was the result of its highly diversified revenue base and continuously improving expense productivity across both operating groups.

Benchmark Electronics Inc. (NYSE: BHE) reported fourth-quarter earnings of 43 cents per share in early February. The result topped the year-ago total of 38 cents and exceeded the consensus estimate by about 2%. The company mentioned that it had a solid finish to 2006 and achieved record annual sales and earnings. BHE has no debt and its current ratio stands at 2.86.

ICT Group Inc. (Nasdaq: ICTG) satisfies the criteria of this Profit Track with a PEG ratio of 0.72 and a price/sales multiple of 0.92. The company has no debt and a current ratio of 3.45. In late February, ICTG posted fourth-quarter earnings of 32 cents per share. The result matched the consensus estimate and outperformed that previous year's fourth quarter. ICT Group noted that the business environment for its services continues to be very positive, and its new business pipeline remains strong.

SYNNEX Corp. (NYSE: SNX) released its fiscal fourth-quarter report in early January. Earnings per share of 48 cents were ahead of last year's 40 cents and surpassed the consensus estimate of 45 cents. The company stated that its solid results were made possible by its continued improvement of its main distribution businesses and the investments it has made in new businesses over the past few years. SNX's debt/equity level is 0.09 and its current ratio stands at 1.58.

Discover all the current stocks currently on the Discounted Fundamental Strength Profit Track at: http://at.zacks.com/?id=2143.

About Profit Tracks

What is a "Profit Track"? Each Profit Track is a successful stock picking strategy with proven results through the Bear Market of 2001-2002 and the Bull run started in 2003. On Zacks.com we have created these nine unique screens to offer investors great strategies to potentially outperform the market in the years ahead. For the first nine months of 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of 42.7% followed by the Discounted Fundamental screen with a 29.7% return. To see all nine strategies along with philosophy, past performance and current stocks, go to http://at.zacks.com/?id=1838

All the Profit Track strategies were created and backtested using the Research Wizard software from Zacks Investment Research. If you like this screening strategy, but want to narrow down the list of stocks and even improve the performance, then you should start a free trial to this powerful stock picking tool. Learn more about the Research Wizard free trial offer and our new special report "Top 10 Stock Screening Strategies" at http://at.zacks.com/?id=2156

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=1841

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

(a)The S&P 500 Index ("S&P 500") is a well-known, unmanaged index of the prices of 500 large-company common stocks selected by Standard and Poor's. The S&P 500 includes the reinvestment of all dividends, no transaction costs, and represents the gross returns before management fees.