Hewlett-Packard Adds Florida Micro as Agent on the National WSCA Contract

BOCA RATON, Fla.--(BUSINESS WIRE)--Florida Micro, Inc, (SYMBOL:FLMC), “government and education’s proven source for computer hardware, software and networking solutions,” today announced it was added as an agent for one of the largest cooperative multi-state information technology Contracts in the United States by Hewlett-Packard(HP).

“government and education’s proven source for computer hardware, software and networking solutions”

“We are all very excited over being named an agent on the WSCA/NASPO Contract by Hewlett-Packard. This is a strategic move for Florida Micro as we attempt to aggressively grow the company and become involved in larger opportunities with Colleges, Universities, and Municipalities that require this contract to do business over the micro-purchase limit. The benefit for Florida Micro is that it opens up a potential multi-million dollar incremental revenue stream where HP Direct extends credit terms to our public sector clients, and Florida Micro collects an agent influencer commission on each deal for providing pre-sales consulting and an added layer of account management for each client,” said David Jacobs, Vice President, Florida Micro Inc.

“This new agent agreement with HP Direct has significant strategic value for the company. Florida Micro will not have to carry the additional overhead of extending credit terms on these larger business opportunities under this agent agreement. This frees up our funds to aggressively grow other areas of our business while further developing our relationship with Hewlett-Packard,” said Daniel S. Jacobs, President and CEO, Florida Micro, Inc.

About Florida Micro, Inc.

Florida Micro, Inc. (Symbol:FLMC), ranked #382 on the esteemed VAR500 list, is a leading direct marketer of over 600,000 different brand-name technology products and solutions to government agencies, school systems, and major corporations. Florida Micro was established in 2002 and holds over 25 Contracts with Federal, State & Local Government, and School Systems. Florida Micro prides itself on its "customer-first" account management philosophy, which is the driving force behind Florida Micro and is what separates us from all others in the industry. Florida Micro is recognized by Everything Channel as a part of CRN’s 2011 VAR500 list, which ranks the top technology integrators in North America. Featuring the highest producing technology integrators and solution provider organizations in the IT channel, the VAR500 rankings consider earnings from hardware sales, software sales and managed IT services.

About WSCA

The Western States Contracting Alliance (WSCA) was formed in October 1993 by the state purchasing directors from fifteen NASPO western states. The primary purpose of creating WSCA was to establish the means by which participating states could join together in cooperative multi-state contracting. This approach has helped states achieve cost-effective and efficient acquisition of quality products and services. Cooperative purchases are developed by member states. A "lead-state" model is used in undertaking cooperative multi-state contracts. There is no Vendor List.

Membership consists of the central procurement official that heads the state central procurement organization, (or a designee for that state), from Alaska, Arizona, California, Colorado, Hawaii, Idaho, Minnesota, Montana, Nevada, New Mexico, Oregon, South Dakota, Utah, Washington and Wyoming.

All governmental entities within WSCA states as well as authorized governmental entities in non-WSCA states are welcome to use the approved agreements. Cooperative purchasing benefits states as well as cities, counties, public schools and institutions of higher education.

Safe Harbor Statement

This press release includes forward-looking statements covered by the Private Securities Litigation Reform Act of 1995. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results for fiscal year 2010 and beyond could differ materially from the Company’s current expectations. Statements in this press release document that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with OTC Markets or the Securities and Exchange Commission. The Company undertakes no obligation to revise or update forward-looking statements as a result of new information since these statements may no longer be accurate or timely. Hewlett-Packard adding Florida micro as an agent on the WSCA Contract should not be construed in any way as indicative of the Company’s future revenues or its operating results or of any predictive value whatsoever as to its future revenues or its stock price.