PLAINFIELD, Ind., Sept. 22, 2008 (GLOBE NEWSWIRE) -- Brightpoint, Inc. (Nasdaq:CELL) announced today that it is the winner of the Indianapolis Business Journal's Fastest Growing Company Award for 2008.
The list of fastest-growing public companies was compiled using information from public documents and company sources. Companies are ranked based on their revenue growth over a three-year period. Companies were eligible if:
* revenue increased each fiscal year. * revenue exceeded $1 million in fiscal year 2005. * the company was founded prior to January 1, 2005. * the company was based in the Indianapolis area.
"Brightpoint has been one of the real success stories among Indianapolis public companies in recent years. They have been a perennial on our fastest-growing public company list," said Chris Katterjohn, President and Publisher, Indianapolis Business Journal. "Last year, after a major acquisition and growing demand for their services, Brightpoint hit No. 1, more than doubling revenue over a three-year period. That's a lot of money when you're talking in the billions."
"I am proud of our 3000 associates in 28 countries who made it possible for us to win this award," said Robert J. Laikin, Chairman of the Board and Chief Executive Officer of Brightpoint, Inc. "We are positioned well in the global wireless value chain to take advantage of the many growth opportunities offered to us within the wireless industry. Our resolute commitment to enhancing long-term shareholder value remains unchanged."
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 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 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.