Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CLST - CellStar Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Hay who wrote (450)	8/6/1998 4:54:00 AM
From: slaffe	Respond to of 641

-------------------------------TO ALL-------------------------------- CARROLLTON, Texas, Aug. 5 /PRNewswire/ -- CellStar Corporation (Nasdaq: CLST) announced today that it has been selected by Nortel (Northern Telecom) (NYSE: NT; Toronto: NTL) as an authorized distributor of Nortel's Proximity TDMA and CDMA wireless fixed terminals. Under the terms of the three-year agreement, CellStar will provide sales, distribution and warranty service throughout North and South America and in several other countries around the world, including China and India. "This new relationship with Nortel fits into our Global Strategy of providing wireless solutions to carriers around the world," said Dick Gozia, President of CellStar. "It strengthens our position in the wireless local loop market, a segment of the wireless industry that is expected to grow significantly in the future." "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, including political instability, changes in foreign laws, regulations and tariffs, new technologies, competition and other factors discussed in the Company's Form 10-K filed with the SEC, could cause CellStar's actual results and experience to differ materially from anticipated results or other expectations expressed in the Company's forward-looking statements. CellStar Corporation is a global integrated wholesaler and retailer of wireless handsets and other wireless communications products with operations in North America, the Asia-Pacific Region, Latin America and Europe. CellStar is one of the world's largest non-carrier wholesale distributors of wireless handsets for major handset manufacturers. Additional information about CellStar can be found on its website at www.cellstar.com. SOURCE CellStar Corporation -0- 08/05/98 /CONTACT: Dick Gozia of CellStar Corporation, 972-466-5031/ /Web site: cellstar.com (CLST NT NTL.) CO: CellStar Corporation; Northern Telecom ST: Texas, China, India IN: TLS SU: JS-MS -- DAW039 -- 2703 08/05/98 16:10 EDT prnewswire.com //Begin Meta Data// Selector Code: t.b.s