Beats by Dr. Dre Selects New Age Electronics as Its Exclusive U.S. Distributor to Expand Its Collection of Authentic, High-End Audio Products in the Retail Channel

LAS VEGAS--(BUSINESS WIRE)--New Age Electronics, a leading distributor of Consumer Electronics products and services and a division of SYNNEX Corporation (NYSE: SNX), has been selected by Beats by Dr. Dre to distribute its collection of high-quality headphones and Beats Audio HD sound systems through New Age Electronics’ retail channel exclusively throughout the United States. Beats by Dr. Dre determines which New Age Electronics retailers comprise this exclusive authorized-only group.

“New Age Electronics is honored to represent and support one of the hottest brands in high-end audio products–Beats by Dr. Dre”

“New Age Electronics is honored to represent and support one of the hottest brands in high-end audio products–Beats by Dr. Dre,” said Fred Towns, President of New Age Electronics. “The premium sound experience of Beats products, along with the brand’s strong consumer allure and stature, makes this an exciting collaboration for New Age Electronics and our retailers.”

“We chose New Age Electronics because of its superior and trusted reputation and ability to effectively bring unique offerings to the retail channel,” said Denise Morales, Executive Vice President, Sales for Beats by Dr. Dre.

For more information, contact Beats by Dr. Dre at [e-mail].

About New Age Electronics

New Age Electronics, a division of SYNNEX Corporation (NYSE: SNX), is a sales and supply chain solutions innovator that provides consumer technology (CT) manufacturers with a broad offering of logistics, distribution and remanufactured services. Extensive experience in the CT industry and a customer-centric approach has made New Age Electronics the provider of choice. New Age Electronics distinguishes itself with efficient operations and relentless focus on customer satisfaction. Founded in 1988, New Age Electronics is headquartered in Carson, California. For more information about New Age Electronics, call [phone], toll-free [phone] or visit the company’s website at www.newageelectronics.com.

About SYNNEX Corporation

SYNNEX Corporation (NYSE: SNX), a Fortune 500 corporation, is a leading business process services company, servicing resellers, retailers and original equipment manufacturers in multiple regions around the world. The Company provides services in IT distribution, supply chain management, contract assembly and business process outsourcing. Founded in 1980, SYNNEX employs over 10,000 full-time and part-time associates worldwide. Additional information about SYNNEX may be found online at www.synnex.com.

About Beats by Dr. Dre

Established in 2008 as the brainchild of legendary artist and producer Dr. Dre and Chairman of Interscope Geffen A&M Records Jimmy Iovine, Beats Electronics provides a premium sound experience at every touch point of the consumer’s life. It is the parent company of the Beats™ by Dr. Dre™ line of high-quality headphones, Beats Audio™ HD-sound systems, and the MOG digital music service. The company's mission is to provide a superior end-to-end music experience - with headphones, devices and services - so fans feel the emotion and hear the music the way artists intended it to sound from the studio. This experience is aided by partnerships with HP, Chrysler Group and HTC Mobile.

Led by Co-Founder & CEO Jimmy Iovine, Co-Founder Dr. Dre, and President & COO Luke Wood, Beats Electronics is based in Santa Monica, CA.

For more information, please visit http://beatsbydre.com/.

Safe Harbor Statement

Statements in this release that are forward-looking, such as product capabilities and features, product availability, expansion in the US markets, and the general success of the collaboration, involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. The Company assumes no obligation to update any forward-looking statements contained in this release.

Copyright 2013 SYNNEX Corporation. All rights reserved. SYNNEX, the SYNNEX Logo, New Age Electronics, the New Age Electronics Logo and all other SYNNEX company, product and services names and slogans are trademarks or registered trademarks of SYNNEX Corporation. SYNNEX, the SYNNEX Logo, New Age Electronics and the New Age Electronics Logo Reg. U.S. Pat. & Tm. Off. Other names and marks are the property of their respective owners.

SNX-G