Tuesday, July 01, 2003
Black Box and Best Buy Create New Technical Service For In-Home Networking
Black Box Corporation (NASDAQ: BBOX) and Best Buy Co., Inc. (NYSE: BBY) have created a new technical service specifically for in-home networking. Officially marketed as the In-Home Integration Program, this program will provide design, installation and maintenance services for data, voice, video and audio systems in new home construction.
Best Buy has contracted with several homebuilders who will include these systems as part of a standard home package. Black Box will provide the high quality technical services and products required under these arrangements. As part of this program, Black Box/Best Buy will roll out this new service initially in the Dallas area beginning in July 2003. Other targeted areas will follow with a goal of providing complete services throughout the United States.
According to the latest government statistics, groundbreaking for new homes in the U.S. rose to a total of 1.7 million annual units in 2003. New home permits also rose to more than 1.8 million annual units in 2003.
“We are very excited about this new and innovative service offering,” said John Doherty, Director of Fulfillment, In Home Integration for Best Buy. “With the combined strengths of Best Buy and Black Box, we will now be able to provide new homeowners with state-of-the-art systems that will be designed to fit the modern family’s technical lifestyle requirements.
“Today the home market has a void relative to maximizing individual data, voice, video and audio components into reliable, user friendly systems,” said Paul Hailey, Manager, Global Account Services for Black Box. “This In-Home Integration Program will now provide homeowners with the same level of professional service they currently enjoy at the office and that their children enjoy at school.”
About Best Buy Co., Inc.
Minneapolis-based Best Buy Co., Inc. is North America’s leading specialty retailer of consumer electronics, personal computers, entertainment software and appliances. The Company’s subsidiaries operate retail stores and/or Web sites under the names: Best Buy (BestBuy.com), Future Shop (FutureShop.ca), Geek Squad (GeekSquad.com) and Magnolia Hi-Fi (MagnoliaHiFi.com). The Company’s subsidiaries reach consumers through nearly 700 retail stores in the United States and Canada.
About Black Box
Black Box is the world’s largest technical services company dedicated to designing, building and maintaining today’s complicated network infrastructure systems. Black Box services 150,000 clients in 132 countries with 117 offices throughout the world.
Black Box Corporation