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Exhibit 99.4
Annual CEO Certification to the New York Stock Exchange
(Section 303A.12(a))
As the Chief Executive Office of Systemax Inc., and required by Section 303A.12(a) of the New York Stock Exchange
Listed Company Manual, I hereby certify that as of the date hereof I am not aware of any violation by the Company of
the NYSE's Corporate Governance listing standards, other than has been notified to the Exchange pursuant to Section
303A.12(b) and disclosed as an attachment hereto.
/s/ RICHARD LEEDS
Richard Leeds
Chief Executive Officer
Date: March 26, 2004
INDEPENDENT AUDITORS' REPORT
The Shareholders and Board of Directors of
SYSTEMAX INC.:
We have audited the accompanying consolidated balance sheets of Systemax Inc. and its subsidiaries, (the "Company"),
as of December 31, 2003 and 2002, and the related consolidated statements of operations, shareholders' equity and cash
flows for each of the three years in the period ended December 31, 2003. These financial statements are the
responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements
based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United States of America.
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall financial statement presentation. We
believe that our audits provide a reasonable basis for our opinion.
In our opinion, such consolidated financial statements present fairly, in all material respects, the consolidated financial
position of the Company at December 31, 2003 and 2002, and the consolidated results of their operations and their cash
flows for each of the three years in the period ended December 31, 2003, in conformity with accounting principles
generally accepted in the United States of America.
As discussed in Note 1 to the consolidated financial statements, the Company changed its method for accounting for
goodwill and other intangible assets in 2002 to conform to Financial Accounting Standards Board Statement No. 142
("Goodwill and Other Intangible Assets").
/s/ DELOITTE & TOUCHE LLP
New York, New York
March 12, 2004
SYSTEMAX INC.
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2003 AND 2002
(IN THOUSANDS, except for share data)