News Releases
Lexmark Unveils Win-Win Strategy for Channel Partners -- Holding Channel Meetings across 18 Chinese Cities

03/30/2007

Lexmark China, a branch of the well-know printing solutions provider Lexmark International Inc. (New York Stock Exchange (NYSE): LXK), ,announced today that it will host the inaugural large-scale China channel meeting in 18 cities nationwide including Beijing, Shenyang, Shanghai, Chengdu, and Guangzhou. The event will take place from March until the beginning of May.

Through the national channel meeting, Lexmark will continue with its ¡°customer-oriented¡± operation strategy by developing new core customers and enhancing the relationships with existing customers. Lexmark will choose and empower second and third level distribution agents in addition to the primary distributors. Following the E120 ¨C awarded the ¡°2006 Product Prize¡± by Computer World dependability and performance ¨C Lexmark introduced several new models with positive market feedback. Lexmark will continue to integrate various technologies to provide one-stop product-service solutions. This will promote collaboration between Lexmark and various other product distributors.

Lexmark has distributors covering 153 cities. ¡°Lexmark¡¯s objective is to increase the number of Lexmark distributors by three times and to cover at least 200 cities by the end of this year.¡± Said James Li, president of Lexmark China and Hong Kong Through several years of operation, Lexmark has gradually formed a ¡°win-win federation¡± of product distributors. James Li said, ¡°Though Lexmark has a big sales teams, we need to employ various distribution channels to develop a broad customer market; the ultimate sales work should be performed by channel market distributors.¡±

Lexmark¡¯s business is not limited to printing services hardware. Lexmark is focused on expanding its global advantage in the printing solutions market, and intends to provide technologically advanced printing products and services to customers by employing various distribution channels. This year, Lexmark will continue to promote successful printing services and help customers save costs by charging on a ¡°per piece of printed paper¡± basis (MPS Management Printing Service). Consequently, its products and solutions not only cater to the needs of large multinational corporations but are also popular among small and medium-sized enterprises.

At the most recent Lexmark China channel meeting, Lexmark¡¯s senior leaders and cooperative partners from a variety of cities discussed channel strategy and marketing tactics. Employing the cooperative concept of a ¡°win-win federation¡±, Lexmark will continue to perfect its sales teams and the channel partner distributor system. Lexmark also attaches great importance to customer and distributor feedback, to strengthening cooperation in products sales, transportation logistics, employee training; this success has enabled more and more users to take advantage of Lexmark¡¯s value-beyond-price.


 
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