Brightpoint Completes Brazil Acquisition
INDIANAPOLIS--(BUSINESS WIRE)--March 24, 1999--Brightpoint, Inc. (Nasdaq:CELL - news) announced today that its wholly-owned subsidiary Brightpoint do Brasil Ltda. (''Brightpoint do Brasil'') has completed the acquisition of all of the common shares of Cellular Services S.A. (''Cellular Services''). Cellular Services was controlled by Mr. Andre Cunha, who has become President of Brightpoint do Brasil.
Brightpoint do Brasil is a leader in the provision of distribution and integrated logistics services to the wireless communications industry in Brazil. In addition to its distribution business, Brightpoint do Brasil provides warranty repair service for Nokia (NYSE:NOKA - news), Ericsson (Nasdaq:ERICY - news) and Motorola (NYSE:MOT - news).
''The Cellular Services transaction provides Brightpoint with the capabilities and management necessary to continue to attract and serve integrated services customers in Brazil,'' stated Timothy B. Robinson, President, Brightpoint Latin America. ''We are very fortunate to have a talented management team under the strong leadership of Mr. Andre Cunha to develop our business in this important market.''
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 |
