August 21, 2009 (FinancialWire) — SED International Holdings, Inc.’s (OTCBB: SECX) (Current Market Cap: $6.24 Mil.) board has approved a stock repurchase plan under which SED may buy back up to $50,000 worth of its outstanding shares of common stock in the open market over the next six months.

company CEO Jean Diamond said, “We believe our shares are undervalued at current levels, making a stock buy-back an attractive investment opportunity that will benefit the company as well as our shareholders committed to us over the long term.”

According to SED, the repurchase program will be funded using the company’s working capital.

Tucker, Georgia-based SED International Holdings is a distributor of computer technology, wireless communications, consumer electronics and small appliances.

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