Press Release | February 2005 Page 1  2
The following is an excerpt from Merrill Lynch Business
Life (2/2005). Click here to view the full article.



When Avi and Yoel Wazana came to the U.S. from Israel, they had few resources but a burning drive to succeed. They grew their company Micro Solutions Enterprises (MSE, Chatsworth, CA) from a single garage in 1994. Today, it's one of America's fastestgrowing small businesses, with offices on both coasts, as well as in Canada and Mexico. Their plans for expansion are on target, thanks to a relationship with Merrill Lynch Business Financial Services.

Success is no accident
MSE started modestly as a printing cartridge reseller. Yoel (president) managed production based on his past experience. Avi (C.E.O.), who had studied business and marketing, handled finances. They had no customer base, so sales came from long hours and lots of cold-calls.

Along the way, the brothers met obstacles that might have stalled a less dedicated team. Because their suppliers' quality control was a major problem, the Wazanas decided to take up manufacturing the cartridges themselves. This decision put them ahead of the competition. "We didn't have a magic formula," Avi Wazana said. "We've just focused on engineering and research and development of our products. That's what drives the quality." All MSE cartridges, whether toners or inkjets, are manufactured to original equipment manufacturer (OEM) standards. The products perform so well that MSE is recognized as a quality brand in its own right. Yoel improved even on OEM standards by instituting what he coined "Intelligent Reegineering."

Focusing on customers
In the third quarter of 1996, the company realized a solid profit, and the Wazanas looked more closely at their revenue sources. They discovered that 14% of their 1,200 accounts gave them 91% percent of their business. Despite their hesitancy to drop hard-won accounts, Avi urged that MSE move from serving endusers to concentrating on wholesale and distribution. That decision paid off handsomely in the years since as the company has won and retained a growing customer base. MSE has a remarkable record as one of America's fastest growing privately held companies on the Inc. 500 list for four consecutive years.

 

8/07 - MSE wins Multiple Recharger Magazine's Readers Choice Awards
4/07 - MSE acquires Greenman Europe
1/07 - MSE Extends 100% Warranty on All Products
1/07 - Click Here to Download Our New 2007 Product Catalog
1/07 - MSE Adds Technical Support Line for End Users
12/06 - Multiple Awards Again for MSE
10/06 - MSE Ranked No. 15 on the 2006 Deloitte Technology Fast 50
9/06 - MSE Accepts Three Recharger Magazine's Reader’s Choice Awards
8/06 - MSE Receives STMC Certification
9/05 - MSE Makes List of 50 Fastest Growing Private Companies
9/05 - We've Moved
9/05 - MSE Ranked No. 23 on the Deloitte Technology Fast 50
9/05 - MSE 3 for 3 at Recharger Magazine Awards Show
8/05 - MSE Recognized by Deloitte & Touche LLP 2nd Consecutive Year
2/05 - MSE Featured by Merrill Lynch Business Financial Services
1/05 - MSE Celebrates Ten Years Of Excellence
10/04 - MSE Recognized by Inc Magazine for Fourth Consecutive Year
10/04 - MSE Ranked No. 419 Fastest Growing Technology Company in North America
10/04 Micro Solutions Enterprises Receives Prestigious Recognition
7/04 - Micro Solutions Enterprises selected to the Deloitte Technology Fast 50
6/04 - MSE Opens Research & Technology Center
6/04 - Turning Technology Into Superior Quality
10/03 - MSE Patents Breakthrough Technology
10/03 - MSE Expands Cartridge Welding
3/03 MSE Partner Program Earns 5 Star Rating form VarBusiness Magazine
12/02 - MSE Opens Canadian Distribution
11/02 MSE noted one as the 7th fastest growing company in Los Angeles
10/01 - MSE Rated #33 by Inc. Magazine
9/01 - Industry All Stars - Technical All-Star - Recharger Magazine
9/01 - MSE OEM-style packaging
10/99 - MSE

 



Micro Solutions Enterprises | 8201 Woodley Avenue | Van Nuys, CA 91406 USA
Tel: (818) 407-7500 | Orders: (800) 673-4968 | Fax: (818) 407-7575

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