* Corporate Headquarters to move into approximately 40,000 square feet in the Woodland VI building, located at 7635 Interactive Way in Indianapolis from its existing location in Plainfield * Approximately 60-65 employees to be located initially in new Corporate Headquarters * Projected 100 to 125 total jobs within next 7 years fueled by recent growth and global realignment of operations * Indiana selected as optimal location to grow its Corporate Headquarters
PLAINFIELD, Ind., Aug. 1, 2008 (PRIME NEWSWIRE) -- Brightpoint, Inc. ("Brightpoint" or the "Company") (Nasdaq:CELL) announced today it will relocate its corporate headquarters to Indianapolis from its existing location in Plainfield.
The company will locate the new corporate headquarters in approximately 40,000 square feet of leased office space in the Woodland VI Building of Duke Realty Corporation's (NYSE:DRE) Woodland Corporate Office Park located at 7635 Interactive Way on Indianapolis' northwest side. The move will not impact the two current Brightpoint distribution and logistics facilities located in Plainfield's AirTech Business Park.
The Company will have approximately 60-65 employees initially occupy the new corporate headquarters when the move takes place in October. Brightpoint anticipates that approximately 100 to 125 total jobs will be located at the new corporate headquarters over the next seven years due to growth and the global realignment of the company's operations.
"The company reviewed various alternatives and we concluded that maintaining our corporate headquarters in Indiana was optimal for building long-term shareholder value," said Robert J. Laikin, Chairman of the Board and Chief Executive Officer. "Indiana has served our employees well in the past and we believe that the infrastructure and talent pool is present in Indiana that will allow our company to continue its strategic plan and expansion efforts."
Founded in 1989, the Fortune 500 company has grown to become a global leader in the distribution of wireless devices and the provisioning of customized logistic services to the wireless industry.
"Brightpoint's decision to remain in Indiana and grow its global headquarters here is the latest confirmation that the economic environment we have created is allowing us to compete and win for new job-creating investments," said Indiana Governor Mitch Daniels.
"We are pleased to be able to provide Brightpoint with the space they need for their expanding global operations," said Jennifer Burk, Senior Vice President, Indiana Office. "Woodland Corporate Park VI will provide them with premier space in an easily accessible and highly visible location."
Duke's Woodland Corporate Office Park is located at I-465 between the 71st and 86th Street interchanges near Park 100 in Indianapolis. Completed in March, the park is now 92 percent leased with approximately 10,000 square feet of space still available.
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 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/A 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.