Vitesse Names Titan Logistics Corp. as Provider of North American Services
Strengthens Customer Service Program with EDI Ordering and Streamlined Delivery of Products

Camarillo, CA — January 16, 2003 — Vitesse Semiconductor Corporation (Nasdaq:VTSS) today announced the availability of logistic services to its customers in North America through a service contract with Titan Logistics Corp. Focused on the needs of the OEM (original equipment manufacturers), EMS (electronic manufacturing services) and CM (contract manufacturers) communities, Vitesse and Titan Logistics will provide dedicated resources and broaden the services offered to these customers. New services include: EDI order processing; purchase order tracking and management system; demand forecasting of inventory requirements; multi-user and VMI programs; and efficient fulfillment procedures. Titan Logistics will also provide warehousing of Vitesse products from its facilities located in New York. Services will be available beginning in March 2003.

“Vitesse plans to provide centralized order fulfillment centers worldwide to meet the immediate needs of our customers. Having Titan Logistics service North America is a natural extension to the successful customer service programs we have jointly developed for other countries,” commented Phil Richards, Vitesse’s vice president of Channel and Partner Sales.

“We are delighted that Vitesse has chosen us to provide supply chain management services in North America,” said Jim Buzaid, vice president and general manager of Titan Logistics Corp. “Both companies understand the dynamics of today’s global business environment. Titan’s ability to provide a single global solution through systems, processes and people will enable Vitesse to ensure its customers receive both quality products and services.”

Titan also provides Vitesse’s logistics services throughout Asia and is a wholly owned subsidiary of North American based distributor, Nu Horizons Electronics Corp. (Nasdaq:NUHC).

About Vitesse
Vitesse Semiconductor Corporation is a leading designer and supplier of innovative, high-performance integrated circuits (ICs) and optical modules used in next generation networking and optical communications equipment. The Company's products address the needs of Enterprise, Access, Metro, Core, and Optical Transport network equipment manufacturers who demand a robust combination of high-speed, high-service delivery and low-power dissipation in their products. In concert with its broad communications product portfolio, Vitesse also develops ICs for storage area networking and enclosure management. Company and product information is available by calling
1-800-VITESSE or at www.vitesse.com.

About Titan
Titan Logistics Corp., a wholly owned subsidiary of Nu Horizons Electronics Corp. (NASDAQ:NUHC), provides global contract supply chain solutions. Titan’s information services, value-added capabilities and regional logistics centers enable its customers to service their global needs. Titan Logistics Corp. services Southeast Asia through its affiliate Titan Supply Chain Services, PTE. Information on Titan and its services is available at www.titanlogistics.com.

Vitesse Editorial Contact:
Ronda Grech
Vitesse
Phone: +1.805.445.2255
Email: rondag@vitesse.com

Titan Logistics Corp.
Jim Buzaid
Phone: +1.631.622.3700
E-mail: jbuzaid@titanlogistics.com

Except for historical information contained herein, the matters set forth in this news release are forward looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Potential risks and uncertainties include such factors as the level of business and consumer spending for electronic products, the amount of sales of the Company's products, the competitive environment within the electronic industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts and the financial strength of the Company's customers and suppliers. Investors are also directed to consider other risks and uncertainties discussed in documents filed by the Company with the Securities and Exchange Commission.