CellStar Named Authorized Samsung Wireless
Product Distributor for Northern Latin
America and the Caribbean
PR Newswire - October 17, 2000 09:31
CARROLLTON, Texas, Oct. 17 /PRNewswire/ -- CellStar Corporation
(Nasdaq: CLST), a global value-added wireless logistics services leader, today
announced it has signed an agreement to provide distribution and fulfillment
services of wireless phones for Samsung Telecommunications in northern Latin
America and the Caribbean.
CellStar will provide Samsung customers with complete end-user fulfillment
services. AOS(SM) and netXtreme(SM), CellStar's proprietary Internet-based
systems for order entry, order tracking, product shipment and information
exchange will provide highly efficient, seamless product and order status
information to Samsung and other CellStar customers. Samsung's line of
CDMA wireless handsets includes Internet-enabled and voice-activated dialing
models. Future products may include Samsung's watch-phone and television
phone.
"CellStar will provide turnkey fulfillment services to Samsung's customers
throughout northern Latin America and the Caribbean," stated E. Lee Ittner,
vice president, sales and marketing, of CellStar's Latin America region. "Our
proven logistics capabilities, customer service, real time information, and
e-commerce offerings will greatly enhance the supply chain capabilities for
Samsung in this region."
"We look forward to a long lasting partnership that will enable CellStar
Corporation to distribute a wide range of Samsung consumer electronics
products," stated Gilbert Valdesuso, director of Samsung Electronics Latin
America, Telecommunications Division. "In addition to having excellent quality
high-end cellular telephones, the Samsung brand has excellent demand with
telephone carriers and the distribution channel. This will be an important key to
our mutual success, as pre-paid off-the-shelf cellular telephones continue to
experience strong consumer demand that can be met by local retailers."
About Samsung Electronics
Samsung Electronics Co., Ltd., with 1999 sales revenue of US$22.8 billion, is
a world leader in the electronics industry. The Korea-based company has
operations in about 50 countries with 54,000 employees worldwide. The
company consists of three main business units: Digital Media, Semiconductors
and Information & Communications Businesses.
About CellStar
CellStar Corporation is a leading global provider of distribution and
value-added logistics services to the wireless communications industry, with
operations in Asia-Pacific, North America, Latin America, and Europe.
CellStar facilitates the effective and efficient distribution of handsets, related
accessories and other wireless products from leading manufacturers to network
operators, agents, resellers, dealers and retailers. In many of its markets,
CellStar provides activation services that generate new subscribers for its
wireless carrier customers. For the year ended November 30, 1999, the
Company generated revenues of $2.3 billion. Additional information about
CellStar may be found on its web site at www.cellstar.com.
This news release contains forward-looking statements, as defined in the
Private Securities Litigation Reform Act of 1995. A variety of risk factors,
including changes in foreign laws, regulations and tariffs, new technologies,
system implementation difficulties, competition, handset shortages or overages
and other risk factors, are discussed in the Company's Annual Report on Form
10-K and most recent Quarterly Report on Form 10-Q, which are on file with
the SEC. Any combination of these risk factors could cause CellStar's actual
results to vary materially from anticipated results or other expectations
expressed in the Company's forward-looking statements.
SOURCE CellStar Corporation
/CONTACT: Austin P. Young, 972-466-5031, or Stephen P. Adams,
972-466-5467, both of CellStar Corporation; or Bob Schwaller,
972-830-2295, or
analysts, Kristine Walczak, 312-640-6723, or media, Maxine Levy,
972-830-2123,
all of Financial Relations Board, for CellStar Corporation/
/Web site: cellstar.com /
(CLST) |
