AB&T History
AB&T has its roots in the 1920’s with the birth of commercial radio
and the harsh realities of the Great Depression.
That was when an energetic Westinghouse engineer in Pittsburgh, Fank Conrad,
pioneered the first public radio broadcast from his living room, playing phonograph
songs for his neighbors who listened on homemade radios. As his broadcast gained
popularity, the president of Westinghouse convinced the engineer to move the
broadcast to the company’s rooftop in exchange for better equipment and
a stronger signal. Westinghouse stated making radios for the larger audience
and the radio industry was born. That radio station, KDKA, is still broadcasting
and is the oldest operating ratio station in the country.
As radios became popular in Pittsburgh in the 1920’s, a huge demand for
radio parts materialized. At about this time, Emmer J Tydings became stranded
without money while in Pittsburgh on a sales trip. The company he worked for
shut down overnight, falling victim to the Depression. With a vendor willing
to supply him, Tydings set up shop there selling radio parts directly to the
public to survive.
As the business thrived
in the 30’s, it became the Tydings Electronics Co., and was reported to
have grown to become the “largest electronics parts distributor east of
the Mississippi” until after WWII when Tydings sold the company. Many
a manufacturer rep traveled form Washington, DC, NYC, Philadelphia and beyond
to sell radio parts to Tydings Electronics.
In 1947, when Tydings’ son Dick returned from WWII, with a wife in tow
and baby on the way, he came to his father to get a referral for a sales position
in electronics. Dick secured a job with the rep firm Morris Taylor Company,
a major supplier to Tydings Electronics. In 1963, Dick branched out to form
AB&T Sales with partner
Hal Blumenstein (thus the “B&T” name roots) to take advantage
of growing sales in the nascent HiFi business (later the Consumer Electronics
or “CE” business) that Morris Taylor Co. thought was merely a passing
fad.
Early on, AB&T had two big product hits with Harmon Kardon and Dynaco,
two titans of the early HiFi industry. With new vendors like Maxell audio/video
and HiGain CB’s, the firm grew larger in the late 60’s.
Starting in the 70’s, big name vendors like Sanyo, Panasonic, Sharp,
Magnavox, Akai, NEC and others contributed to a long growth period that lasted
into the 80’s.
Eventually Dick retired in 1979 and turned the company reigns over to his then
partner, Milt Deines, who continued to successfully grow the company. The next
big change came along when Maxell added Floppy Disk to it’s A/V media
line. Retail sales of the floppy disk grew visible enough by 1982 to prompt
an unknown software company named VisiCorp to contact Maxell for advice on getting
their VisiCalc spreadsheet software program out to dealers. AB&T brought
VisiCorp on as a product line just as it was emerging to become the catalyst
in fueling the PC as a general business tool. From that initial success, AB&T
dove deeper into PC and peripheral products sales. With lines like Intel, Maxell,
PFS and others, by 1987 the computer peripherals division matched the consumer
electronics division in annual sales.
Many changes have taken place over the last two decades at AB&T, most notably,
the dramatic consolidation of the dealer base in both consumer electronics and
computer products. AB&T responded early to those changes in 1994 by writing
a new business plan to grow nationally and consolidate the rep business in lock-step
with the retail industry. In 1995 AB&T was the first electronics rep firm
to undertake a national expansion plan by buying up other small rep firms across
the U.S. AB&T’s “Best Foot Forward” strategy kept us focused
on expanding successfully only when the opportunity was right.
Ultimately, AB&T purchased firms in Florida, Georgia, Texas, California
and Minnesota. With more successes than failures, the whole of AB&T quickly
became far more powerful that the sum of its parts. This is one of the primary
reasons that AB&T still exist today while the majority of our competitors
have gone out of business. Our legacy of servicing hundreds of “Mom &
Pop Shops” in the Mid-Atlantic region morphed into servicing only a few
dozen national mega-accounts across the nation.
AB&T’s decades of accumulated experience also led to the formation
of new business units to take advantage of opportunities emerging in the industry
in the 90’s. The first, AB&T Telecom, was deliberately formed as a
follow up to our SoHo warranty contracts business at retailers with GE in the
Mid-90’s (i.e., a service contract that is billed monthly for recurring
revenue). In 1998 we introduced Qwest Prepaid Long Distance Calling Cards through
retailers like Circuit City, CompUSA and SuperValue Grocery Stores. However,
when we called on the Office Superstores for these products, they suggested
that we look at offering other business oriented telecom services.
Ironically, our response to the retailers’ request led ultimately to
AB&T introducing telecom services not through retailers, but instead through
a dedicated agent partner “channel” that had roots similar to our
past experience of selling computer products through VAR’s and System
Integrators. Now AB&T Telecom is one of the fastest growing telecom master
agencies in the business, attracting over 300 resellers nationwide with over
30 carriers and service providers and private label services of our own.
The “next big
thing” at AB&T was the launch of PRI, our design, licensing, and foreign
sourcing and supply chain management company based out of Richmond, VA and Shanghai,
China. With multiple US offices, our PRI operations synchronize sourcing and
supply chain management for US partners seamlessly from across the world in
Shanghai through our Richmond offices. PRI has re-engineered the role of middle-man-facilitator
to a far more efficient level by creating a model that eliminates every last
unnecessary layer of cost. PRI’s hyper-efficient direct sourcing-supply
chain model (we call it “speed sourcing”) fills a major void that
tier-1 brands and foreign “buying offices” can’t address for
national retailers. PRI supplies some of the biggest names in retail electronics
in the US. and more can be learned on our website at www.prispeedsource.com.
Today, with 30 direct employees, and hundreds of indirect agents, AB&T
stands alone as a long term, profitable and diversified company with operating
divisions in Telecom, Asian Sourcing/Supply Chain management and Manufacturer
Rep businesses. With 7 offices in the US, China and Mexico, we share a common
back office structure and management team with decades of experience to support
all business units. Each business unit has a familiar Technology and/or Retail
Channel sales focus and each operates under its own P&L and management team
for maximum efficiency. AB&T looks forward to its 50th anniversary when
we are the largest Rep Firm, Telecom Master Agency and Direct Import electronics
firm in the world.
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