INDIANAPOLIS, March 12, 2009 (GLOBE NEWSWIRE) -- Brightpoint, Inc. (Nasdaq:CELL) announced today that its subsidiary Brightpoint North America L.P. ("Brightpoint") has entered into an agreement with Franklin Wireless Corporation ("Franklin Wireless") to provide customized logistic services. Pursuant to the agreement, Brightpoint will provide a variety of integrated logistic services for Franklin Wireless' Dual Mode CDMA/WiMAX product, including receiving, warehousing, fulfillment, programming, order management and limited distribution to Franklin Wireless customers throughout the United States.
"Brightpoint is pleased to add Franklin Wireless as a logistics client," said J. Mark Howell, President, Brightpoint Americas. "Brightpoint continues to look for opportunities to grow our logistics business within the OEM sector that utilizes our world class technology and operational efficiencies."
About Franklin Wireless
Franklin Wireless Corporation (OTCBB:FKWL) is an emerging developer and marketer of wireless broadband data communications products, enabling technology solutions, and applications for the global wireless carriers. Founded in 1982 and headquartered in San Diego, CA, the company is committed to serving the global wireless community by catering to the dynamic needs of its customers; global wireless carriers. Our aim is to enhance the global connectivity by designing and developing innovative feature-rich wireless communications products such as high-speed wireless USB modems, modules, PC cards, and standalone modems. Furthermore, the company also aims to provide wireless broadband data solutions to the application integrators.
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.