ModusLink Provides Supply Chain Solutions To Creative Labs
WALTHAM, Mass.--(BUSINESS WIRE)--ModusLink Global Solutions™, Inc. (NASDAQ: MLNK - News), a leader in supply chain business process management, today announced it is providing supply chain solutions to Creative Labs, Inc., the American subsidiary of Creative Technology Ltd., a worldwide leader in digital entertainment products. Creative Labs will leverage ModusLink's forward logistics capabilities to support its customers across the Americas. The services will be performed out of ModusLink's Ontario, Calif. Solution Center.
"By using ModusLink's out-of-the-box supply chain solution rather than keeping this element of the Creative supply chain in-house, we were able to lower overall costs," said Frank Walsh, director of operations for Creative Labs.
ModusLink will provide fulfillment and distribution for Creative Labs entire range of digital communication products.
"Creative Labs is a pioneer in the digital entertainment arena, and ModusLink is pleased to be able to support that frontier amidst today's rapidly developing global demand for technology entertainment," said Scott D. Smith, president, worldwide sales and marketing, for ModusLink. "The value of our highly integrated global supply chain infrastructure and ability to drive greater efficiencies in the Creative Labs supply chain—or any other—are the keys to defining a stand-out solution."
About Creative
Creative is a worldwide leader in digital entertainment products. Famous for its Sound Blaster sound cards and for launching the multimedia revolution, Creative is now driving digital entertainment on the PC platform with products like its highly acclaimed ZEN™ portable audio and media players. Creative's innovative hardware, proprietary technology, applications and services leverage the Internet, enabling consumers to experience high-quality digital entertainment -- anytime, anywhere.
About ModusLink Global Solutions
ModusLink Global Solutions, Inc. is a leader in global supply chain business process management. The Company executes critical processes for clients in the consumer electronics, high technology and communications industries to provide competitive differentiation and enable new channel and new market opportunities. An integrated portfolio of supply chain business process outsourcing and technology solutions span four core competencies: supply chain, aftermarket, e-Business and entitlement management. ModusLink Global Solutions has headquarters in Waltham, Massachusetts and more than 30 facilities in 13 countries – giving it the largest global footprint in the industry. For additional information, visit www.moduslink.com.
This release contains forward-looking statements, which address a variety of subjects including, for example, the expected benefits of the business relationship between ModusLink Global Solutions (including its subsidiaries) and Creative Labs. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: We are not designated as this client's sole supplier of the services referenced in this press release; We frequently sell to our supply chain management clients, including the client referenced in this press release, on a purchase order basis and therefore our sales are subject to demand variability; Our success depends on our ability to execute on our business strategy and the continued and increased demand for and market acceptance of our solutions and services; We may not be able to expand our operations in accordance with our business strategy; We may experience difficulties integrating technologies, operations and personnel in accordance with our business strategy; We derive a significant portion of our revenue from a small number of customers and the loss of any of those customers would significantly damage our financial condition and results of operations; Increased competition and technological changes in the markets in which we compete; and risks associated with international operations. For a detailed discussion of cautionary statements that may affect ModusLink Global Solutions' future results of operations and financial results, please refer to our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Forward-looking statements represent management's current expectations and are inherently uncertain. We do not undertake any obligation to update forward-looking statements made by us.
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