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Technology Stocks : Brightpoint - CELL

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To: Paul Shread who wrote (1317)1/14/1999 8:26:00 AM
From: JakeStraw  Read Replies (1) of 1999
 
Brightpoint and Esat Digifone Sign Second Agreement

INDIANAPOLIS--(BUSINESS WIRE)--Jan. 14, 1999--Brightpoint, Inc. (Nasdaq:CELL - news) announced today that the Company has entered into an additional agreement with Esat Digifone, a GSM operator based in Dublin, Ireland. Under this new 3 year agreement, Brightpoint will provide wireless prepaid products and integrated services related to Esat Digifone's prepaid services. From its recently enhanced facility in Dublin, Brightpoint will provide prepaid fulfillment and distribution services to Digifone, including prepaid SIM card and recharge card management, and prepaid wireless handsets, accessories and recharge cards for Digifone's authorized outlets throughout Ireland.

Brightpoint also supplies Digifone with fulfillment and distribution services and wireless handsets and accessories for Digifone's authorized dealers throughout Ireland under its existing agreement. These products and services are utilized in connection with Digifone's wireless network in Ireland.

Esat Digifone, a subsidiary of Esat Telecom Group plc (Nasdaq:ESATY - news), is Ireland's newest mobile phone operator. Digifone launched in March 1997 with a full range of GSM services and a reported 96% population coverage in Ireland. Digifone now reports 185,000 customers and over 40% of the GSM market in Ireland.

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 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.
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Contact:

Brightpoint, Inc., Indianapolis, Indiana
Phillip A. Bounsall, 317/297-6100
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