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Multicom Is: In The Press |
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Multicom Announces New Foreign Trade Zone
Orlando, FL – September 2012 Multicom,
Inc announced today that they have been granted approval by the
Customs and Border Patrol to operate a Foreign Trade Zone (FTZ) at
Multicom’s facility in Longwood, Florida. This follows months of
effort in conjunction with the Sanford-Orlando Airport Authority
which controls the “umbrella” FTZ under which the Multicom FTZ will
operate.
Multicom prides itself on having developed relationships with 270 of
the world’s leading manufacturers. With more than 13,000 products
available, Multicom has the solution for any industry application.
These products are used to acquire, process and distribute audio,
video, data, energy and traffic control signals over fiber optic,
copper and coax cable.
Multicom imports many foreign manufactured products that are branded
with the Multicom name. These are sold primarily outside of the
United States and account for an increasing portion of overall
sales. The FTZ allows for imported goods to be received duty-free
and only incur duty if shipped to customers inside the United
States.
Multicom President, Sherman Miller, states that having the FTZ will
allow the company to compete more effectively in the Central and
South American markets. “Paying US duties on products that were
imported from foreign sources and then shipped out of the country
added unnecessary costs that reduced our competitiveness. The FTZ
allows us to eliminate these duties and will help us increase our
sales to this growing market.” Multicom’s achievements in the international marketplace have been recognized with The President’s “E” Award presented by the US President to Multicom in acknowledgment of Multicom’s outstanding contributions to the expansion of exports of US manufacturer products. Established in 1982 and headquartered in Orlando, FL, Multicom maintains sales offices, rep agencies and sub-distributors throughout North and Latin America and the Caribbean. Its affiliate company, Mconnect, Inc. provides Next Level VoIP residential and business telephone services through resellers and cable operators.
For
more information, call 1-800-423-2594, e-mail to
multicom@multicominc.com
or visit
www.multicominc.com
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Matt Conrad |
Multicom, Inc.
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