Brightpoint Extends Its Logistics Agreement With MetroPCS in the United States
Wednesday July 30, 8:25 am ET
PLAINFIELD, Ind., July 30, 2008 (PRIME NEWSWIRE) -- Brightpoint, Inc. (NasdaqGS:CELL - News) announced today that its subsidiary Brightpoint North America L.P. (``Brightpoint'') has extended its agreement with MetroPCS Wireless, Inc. (``MetroPCS''), an indirect, wholly-owned subsidiary of MetroPCS Communications, Inc., to provide distribution and logistic services in the United States through June 30, 2010. Pursuant to the agreement, Brightpoint will continue to provide a variety of integrated logistic services for MetroPCS, including inventory management, customer service, order management and distribution to MetroPCS agents, dealers and retail stores.
About MetroPCS Communications, Inc.
Dallas-based MetroPCS Communications, Inc. (NYSE:PCS - News) is a provider of unlimited wireless communications service for a flat-rate with no signed contract. MetroPCS owns or has access to licenses covering a population of approximately 149 million people in 14 of the top 25 largest metropolitan areas in the United States, including New York, Philadelphia, Boston, Miami, Orlando, Sarasota, Tampa, Atlanta, Dallas, Detroit, Las Vegas, Los Angeles, San Francisco and Sacramento. As of June 30, 2008, MetroPCS had approximately 4.6 million subscribers and currently offers service in the Miami, Orlando, Sarasota, Tampa, Atlanta, Dallas, Detroit, Los Angeles, San Francisco, Las Vegas, Philadelphia, and Sacramento metropolitan areas. For more information please visit http://www.metropcs.com.
About Brightpoint, Inc.
Brightpoint, Inc. (NasdaqGS:CELL - News) is a global leader in the distribution of wireless devices and in providing customized logistic services to the wireless industry. In 2007, Brightpoint handled approximately 83 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 more than 25 countries. In 2007 Brightpoint generated revenue of $4.3 billion and net income of $47.4 million. Brightpoint provides distribution and customized services to over 25,000 B2B customers worldwide. Additional information about Brightpoint can be found on its website at http://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. 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 Forms 10-K, 10-Q, 8-K 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.
Brightpoint, Inc. Anurag Gupta 317-707-2355 Anurag.firstname.lastname@example.org
Source: Brightpoint, Inc.