February 16, 2010 (FinancialWire) — SED International Holdings, Inc. (OTCBB: SECX) board has named company president and chief executive officer Jonathan Elster as a new director, thereby expanding the board from eight to nine members.

The board also voted to extend the term of the company’s Stock Repurchase Plan, originally approved in August 2009, for another six months.

Under the original Stock Repurchase Plan, the company was authorized to purchase up to $50,000 of its common stock in the open market over a six month period. In addition to extending the term of the Plan, the board also authorized an additional $50,000 to be available to repurchase shares under the plan.

To date, SED has repurchased a total number of 12,433 shares under the plan at an average price of $1.76 per share.

Georgia-based SED International Holdings is a distributor of computer technology, wireless communications, consumer electronics and small appliances. The company also offers custom-tailored supply chain management services for the e-commerce, Business-to-Business and Business-to-Consumer markets.

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