Brightpoint and Samsung Extend Exclusive Agreement for Distribution of Wireless Phones
INDIANAPOLIS--(BUSINESS WIRE)--Oct. 26, 1999--Brightpoint, Inc. (NASDAQ:CELL - news) and Samsung Telecommunications America (''STA'') announced today that they have extended through September 1, 2001 their exclusive agreement for the sale and distribution of wireless phones in North America. Brightpoint will continue to provide a variety of services for STA, designed to increase STA's market share and efficiently distribute Samsung wireless phones to customers in the North American market.
Samsung Telecommunications America, a Dallas-based subsidiary of Samsung Electronics Company, researches, develops and markets hardware for telecommunications systems within the United States. STA has five main business units: Wireless Terminals, Wireless Systems, Networks, Business Communications and Office Automation. Samsung Electronics Company, a $21 billion flagship company of the Samsung Group, has been providing state-of-the-art wireless communication solutions since 1984. The Samsung Group is the 14th largest company in the world, with revenues in excess of $80 billion.
Brightpoint, Inc. is a leading provider of innovative services to network operators and equipment manufacturers in the global wireless telecommunications industry. Brightpoint strives to enhance the success of its customers through the specialized and focused provision of efficient and effective solutions for their mission critical business requirements. The Company's innovative services include inventory management, prepaid solutions, custom packaging and other outsourced services. Additional information about the Company can be found on its website at www.brightpoint.com or by calling its toll-free Investor Relations Information line at 877-IIR-CELL (877-447-2355).
''Forward-looking statements'' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. A variety of factors could cause the Company's actual results to differ from the reported results expressed in such forward-looking statements. Investors are referred to the Company's Cautionary Statements (Exhibit 99 to the Company's most recent Form 10-Q), which statements are incorporated into this news release by reference.
------------------------------------------------------------------------
Contact:
Brightpoint, Inc., Indianapolis, Indiana
Phillip A. Bounsall, 317/297-6100 |
