Addvantage Technologies Group Inc
The Company was incorporated under the laws of Oklahoma in September 1989 as “ADDvantage
Media Group, Inc.” In December 1999, its name was changed to ADDvantage
Technologies Group, Inc. Our headquarters are located in Broken Arrow, Oklahoma.
We (through our subsidiaries) distribute and service a comprehensive line of
electronics and hardware for the cable television (“Cable TV”) and
telecommunications industries. We also provide equipment repair services to
cable operators. In addition, we offer our telecommunications customers decommissioning
services for surplus and obsolete equipment, which we in turn process through
our recycling services.
Several of our subsidiaries, through their long-standing relationships with
the original equipment manufacturers (“OEMs”) and specialty repair
facilities, have established themselves as value-added resellers (“VARs”).
ADDvantage has a reseller agreement with Arris Solutions to sell cable television
equipment in the United States. We are also one of only three distributors of
Arris broadband products. We are a distributor of Cisco video products as a
Cisco Premier Partner, which also allows us to sell Cisco’s IT related
products. In addition, we are designated as an authorized third party Cisco
repair center for select video products. Our subsidiaries also sell products
from other OEMs including Alpha, Blonder-Tongue, RL Drake, Corning-Gilbert,
Promax, Quintech, Standard and Triveni Digital.
In addition to offering a broad range of new products, we also sell surplus-new
and refurbished equipment that we purchase in the market as a result of cable
or telecommunications operator system upgrades or an overstock in their warehouses.
We maintain one of the industrys largest inventories of new and used equipment,
which allows us to expedite delivery of products to our customers. We also continually
evaluate new product offerings in the broader telecommunications industry as
technology in this industry evolves rapidly and will upgrade our product offerings
for our customers in order to stay current with their technology platforms.
The Company reports its financial performance based on two reporting segments:
Cable Television (“Cable TV”) and Telecommunications (“Telco”).
The Cable TV segment sells new, surplus and refurbished cable television equipment
to cable television operators (called multiple system operators or “MSOs”)
or other resellers that sell to these customers throughout North America, Central
America, South America and, to a substantially lesser extent, other international
regions that utilize the same technology. In addition, this segment also repairs
cable television equipment for various companies.
The Telco segment provides quality new and used telecommunication networking
equipment to its world-wide customer base of telecommunications providers and
resellers by utilizing its inventory from a broad range of manufacturers as
well as other supply channels. In addition, this segment offers its customers
decommissioning services for surplus and obsolete equipment, which it in turn
processes through its recycling program.