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To: jopawa who wrote (63728)	3/23/1999 10:38:00 AM
From: William Bach	Read Replies (1) \| Respond to of 119973

SOURCE: CellStar Corporation CellStar Expects Solid First Quarter CARROLLTON, Texas, /PRNewswire/ -- CellStar Corporation (Nasdaq: CLST - news) announced today that it expects to report earnings per diluted share from operations for the first quarter ended February 28, 1999 that will be at least in line with the range of analysts' expectations for the Company. The Company's expectation for operating results does not include one-time gains from the previously announced sales of assets during the quarter. The Company plans to report its results on March 23 after the close of trading on the stock markets. Cellstar continues to experience solid demand, especially in its Asia- Pacific Region, and sufficient supplies of wireless handsets and accessories to meet this demand. The Company expects continued healthy performance in revenues and net income in the second quarter and through the remainder of 1999, barring factors beyond the Company's control, such as instability in international economies or markets. CellStar is a leading global provider of distribution and value-added logistics services to the wireless communications industry. With operations in North America, the Asia-Pacific Region, Latin America and Europe, CellStar facilitates the effective and efficient distribution of handsets and related accessories from leading manufacturers to network operators, agents, resellers, dealers and retailers. Additional information about CellStar may be found on its web site at www.cellstar.com.