Systemax Approves Buyback Program for up to 2 Million Shares

  
    
  
  
    
      Systemax Inc. (NYSE: SYX) announced today that its Board of Directors 
      has approved a stock buyback plan for up to 2,000,000 shares of the 
      Company’s common stock.
    
    
      “We believe the repurchase of shares is a 
      prudent use of the Company’s cash and will 
      facilitate increased shareholder value,” said 
      Richard Leeds, Chairman and Chief Executive Officer. “The 
      Board’s action demonstrates our continuing 
      confidence in the Company’s strategy, growth 
      opportunities and financial strength.”
    
    
      Under the plan, repurchases may be made from time to time in the open 
      market, in privately negotiated transactions, or otherwise, at prices 
      that the Company deems appropriate. Systemax has approximately 36 
      million shares outstanding.
    
    
      Systemax Inc. (www.systemax.com), 
      a Fortune 1000 company, sells personal computers, computer supplies and 
      accessories, consumer electronics and industrial products through a 
      system of branded e-commerce web sites, direct mail catalogs, 
      relationship marketers and retail stores in North America and Europe. 
      The primary brands are TigerDirect, CompUSA, Misco and Global 
      Industrial. It also manufactures and sells personal computers under the 
      Systemax and Ultra brands and develops and markets ProfitCenter 
      Software, a web-based, on-demand application for multichannel direct 
      marketing companies.