Press ReleaseSource: Brightpoint, Inc.

Brightpoint Enters Into Distribution and Support Agreement With RadioShack
Monday November 10, 2008 8:30 am ET

INDIANAPOLIS, Nov. 10, 2008 (GLOBE NEWSWIRE) -- Brightpoint, Inc. (NasdaqGS:CELL - News) announced today that its subsidiary, Brightpoint North America L.P. (``Brightpoint''), has entered into an agreement with RadioShack Corporation. As part of the agreement, Brightpoint will provide distribution and logistics support for certain wireless products at a select number of RadioShack stores. In addition, as part of this agreement, Brightpoint will continue to distribute wireless products to select RadioShack dealer stores across the country.

``This program is very exciting for Brightpoint as it represents what we believe is the optimal way to manage handset inventories within the constantly changing wireless space,'' said J. Mark Howell, President of Brightpoint Americas. ``This program provides incremental points of sale for our OEM suppliers, increased product choices for consumers, and an efficient and effective supply retail chain solution.''

About Brightpoint, Inc.

Brightpoint, Inc. (NasdaqGS:CELL - News) is a global leader in the distribution of wireless devices and in providing customized logistic services to the wireless industry. In 2007, Brightpoint handled approximately 83 million wireless devices globally. Brightpoint's innovative services include distribution, channel development, fulfillment, product customization, e-Business solutions, and other outsourced services that integrate seamlessly with its customers. Brightpoint's effective and efficient platform allows its customers to benefit from quickly deployed, flexible, and cost effective solutions. The company has approximately 3,000 employees in more than 25 countries. In 2007 Brightpoint generated revenue of $4.2 billion and net income of $47.4 million. Brightpoint provides distribution and customized services to over 25,000 B2B customers worldwide. Additional information about Brightpoint can be found on its website at http://www.brightpoint.com, or by calling its toll-free Information and Investor Relations line at 877-IIR-CELL (877-447-2355).

Certain information in this press release may contain forward-looking statements regarding future events or the future performance of Brightpoint. These statements are only predictions and actual events or results may differ materially. Please refer to the documents Brightpoint files, from time to time, with the Securities and Exchange Commission; including, Brightpoint's most recent Forms 10-K, 10-Q, 8-K and Exhibit 99.1, thereto. These documents contain and identify important risk factors that could cause the actual results to differ materially from those contained in or implied by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date these statements were made. Brightpoint undertakes no obligation to update any forward-looking statements contained in this press release.


Contact:
          Brightpoint, Inc.
          Anurag Gupta
          317-707-2355
          Anurag.gupta@brightpoint.com

Source: Brightpoint, Inc.


Mail to Friend Email Story
Alerts Set News Alert
Printer
Version  Print Story 


Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
Copyright © 2009 GlobeNewswire. All rights reserved. Redistribution of this content is expressly prohibited without prior written consent. GlobeNewswire makes no claims concerning the accuracy or validity of the information, and shall not be held liable for any errors, delays, omissions or use thereof.