NU HORIZONS ELECTRONICS CORP. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE FIRST QUARTER OF FISCAL YEAR 2008

MELVILLE, N.Y., July 9, 2007 --- Nu Horizons Electronics Corp. (Nasdaq/NM: NUHC), a leading distributor of active and passive electronic components today reported financial and operating results for the first quarter of fiscal 2008, reflecting the period ended May 31, 2007.

Net sales for the quarter ended May 31, 2007 increased to $192,327,000 as compared to $187,760,000 for the prior year’s fiscal period, an increase of 2.4%.  Net income for the quarter was $1,814,000 or $.10 per diluted share as compared to net income of $3,175,000 or $.17 per diluted share for the first quarter of the prior year.  Sequentially, net sales for the quarter ended May 31, 2007 increased approximately $22,200,000, or 13%, from $170,101,000 and earnings increased to $.10 per diluted share from $.05 per diluted share.

For the quarter ended May 31, 2007 compared to the first quarter of the prior year, our sales of systems (servers, boards, storage and software) declined approximately $17,000,000 primarily due to the loss of business with certain large customers.  Excluding systems sales, our core electronics distribution sales for the first quarter increased $21,963,000, or 14%, over the prior year same quarter.  Core electronics distribution sales in the current quarter were negatively impacted by a general softness in the passive component market due to over-capacity.

Arthur Nadata, Chairman of the Board and Chief Executive Officer stated, "Despite our disappointment in decreased systems sales, we are pleased to see continued improvement in our core electronics distribution business and are encouraged by the sequential improvement in our business."

Mr. Nadata concluded, "We are continuing with our global growth strategy and we are enthusiastic about the completion of our acquisition in Germany which provides Nu Horizons with an opportunity to achieve significant growth in Europe, particularly in the German marketplace."

A conference call to further discuss earnings will be held today at 4:15 pm ET.  The call can be accessed by dialing 1-800-475-3716, (international, dial 1-719-457-2728).  A rebroadcast of the call will be available beginning at 7:00 pm ET at (888)-203-1112 (international, dial 1-719-457-0820) Please refer to confirmation code 8954832.  A webcast of the call will also be available, online (both live and after the call), at www.nuhorizons.com. 

About Nu Horizons Electronics Corp.

Nu Horizons Electronics Corp. is a leading global distributor of advanced technology semiconductor, display, illumination and system solutions to a wide variety of commercial original equipment manufacturers (OEMs) and electronic manufacturing services providers (EMS). With sales facilities in 51 locations across North America, Europe and Asia and regional logistics centers throughout the globe, Nu Horizons partners with a limited number of best-in-class suppliers to provide in-depth product development, custom logistics and life-cycle support to its customers. Information on Nu Horizons and its services is available at http://www.nuhorizons.com.