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Technology Stocks : Brightpoint - CELL -- Ignore unavailable to you. Want to Upgrade?

To: Robert Meany who wrote (1595)	4/28/1999 9:24:00 AM
From: JakeStraw	Read Replies (1) \| Respond to of 1999

Full Press Release: Brightpoint Announces Agreement With AirTouch Cellular INDIANAPOLIS--(BUSINESS WIRE)--April 28, 1999--Brightpoint, Inc. (NASDAQ:CELL - news) and AirTouch Cellular, a unit of AirTouch Communications, Inc. (NYSE:ATI - news), a leading provider of cellular communications services, announced today that they have entered into an agreement under which Brightpoint will provide comprehensive wireless communication equipment management services to AirTouch Cellular. Brightpoint will provide warehousing and distribution services, fulfillment, repair and refurbishment, and returns processing services for wireless handsets and accessories. The three-year agreement covers all of AirTouch Cellular's domestic channels of distribution, including direct, indirect and end user. Gary Schindler, Executive Vice President of AirTouch Support Services stated, ''This is a significant step in AirTouch Cellular's plan to outsource the fulfillment, repair and refurbishment functions of its handset and accessories business. This allows both companies to focus on their core competencies. AirTouch Cellular will continue to provide state-of-the-art wireless communication services and Brightpoint will provide its innovative integrated logistics services.'' Robert J. Laikin, Chairman of the Board and Chief Executive Officer of Brightpoint, Inc. said, ''We are gratified that AirTouch, one of the most recognized and respected wireless companies in the world, has selected us to be their outsourcing partner for wireless handsets and accessories needs. The execution of this agreement illustrates AirTouch Cellular's leading-edge practices with respect to outsourcing and is a testament to the quality of our personnel and the breadth of our service offerings.'' AirTouch serves more than 8 million U.S. cellular customers and operates in 22 of the top 30 U.S. markets, including Los Angeles, San Francisco, San Diego, Atlanta, Detroit, Cleveland, San Jose, Sacramento, Cincinnati, Kansas City, Seattle, Portland (Oregon), Denver, Phoenix, and Minneapolis. AirTouch Communications is the largest wireless company in the world based on the 44 million customers served by its global ventures. AirTouch has 19 million customers based on its ownership share in cellular, paging, and personal communications services in the United States and 12 other nations. It also has an interest in the Globalstar satellite system. Additional information can be found on its website at www.airtouch.com. 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-K), which statements are incorporated into this news release by reference. ------------------------------------------------------------------------ Contact: Brightpoint, Inc., Indianapolis, Indiana Phillip A. Bounsall, 317/297-6100 or AirTouch Communications Jonathan Marshall, 415/658-2209