Brightpoint, Inc. (Nasdaq:CELL) announced today that its subsidiary Brightpoint North America L.P. (“Brightpoint”) has extended its preferred supplier agreement with Associated Carrier Group, LLC (“ACG”) through March 2012. Pursuant to the agreement, Brightpoint will continue to be the primary supplier of wireless devices from leading wireless handset and device manufacturers and provide additional services related to product development and management to ACG. In addition, Brightpoint will continue to provide related integrated logistics services to ACG and its participating members.
“Brightpoint is pleased to extend our relationship with ACG,” stated Mitch Black, Executive Vice President, Sales and Distribution of Brightpoint North America. “Our ongoing relationship is a testament to Brightpoint’s ability to provide value to ACG’s members.”
“ACG is pleased to extend its current Preferred Supplier Agreement with Brightpoint, and we look forward to building upon the relationship that exists between our organizations,” said ACG President Brian Caraway. “Brightpoint’s commitment to optimizing supply chain efficiency and reliability contributes meaningfully to our members’ success.”
ACG was formed to benefit both its members and the consumer by facilitating efficient production and marketing of devices as well as increased competition. The consortium enables its members to work with manufacturers, suppliers and other vendors to develop and procure, products in a more timely fashion through economies of scale and standardization of coding and other features. ACG currently has twenty-five member carriers.
About Brightpoint, Inc.
Brightpoint, Inc. (Nasdaq:CELL) is a global leader in the distribution of wireless devices and in providing customized logistic services to the wireless industry. In 2008, Brightpoint handled approximately 84 million wireless devices globally. Brightpoint’s innovative services include distribution, channel development, fulfillment, product customization, e-Business solutions, and other outsourced services that integrate seamlessly with its customers. Brightpoint’s effective and efficient platform allows its customers to benefit from quickly deployed, flexible, and cost effective solutions. The company has approximately 3,000 employees in 26 countries. In 2008 Brightpoint generated revenue of $4.6 billion. Brightpoint provides distribution and customized services to over 25,000 B2B customers worldwide. Additional information about Brightpoint can be found on its website at www.brightpoint.com, or by calling its toll-free Information and Investor Relations line at 877-IIR-CELL (877-447-2355).
Certain information in this press release may contain forward-looking statements regarding future events or the future performance of Brightpoint, including, but not limited to, statements regarding potential spending reductions resulting from the elimination and proposed elimination of positions and the streamlining of operations and its ability to achieve cost savings and debt reduction as part of its 2009 Spending and Debt Reduction Plan. These statements are only predictions and actual events or results may differ materially. Please refer to the documents Brightpoint files, from time to time, with the Securities and Exchange Commission, including Brightpoint’s most recent Form 10-K and Form 10-Q and Exhibit 99.1, thereto. These documents contain and identify important risk factors that could cause the actual results to differ materially from those contained in or implied by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date these statements were made. Brightpoint undertakes no obligation to update any forward-looking statements contained in this press release.
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SOURCE: Brightpoint, Inc.
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