| Press
Release | February 2005 |
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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.
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