How to understand a "Bulk Packaged" item?

Unlike most other online vendors, the bulk packaged merchandises listed on powerexternal.com are not the items that have been returned from customers or refurbished by the manufacturer. They are specifically divided into two categories with different Condition Definitions below:

• Mint & Factory direct excess - Product was straight off the assembly line and not yet put into original package. Product doesn't come in original packaging, or may miss some insignificant accessories.
• Like New & Minor Cosmetic Blemishes - Product has never been used and may have minor cosmetic blemishes caused in transit and storage. Product doesn't come in original package, or may miss some insignificant accessories.
• For these products, they do not carry manufacturer's warranty anymore, but instead of manufacturer's warranty, Powerexternal insist that all defects be handled through our customer service directly and backed by 90 days Distributor Store Warranty.