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Brightpoint Announces Completion of C20 Mobile Acquisition to Expand Its Business in Singapore
GlobeNewswire 2011-03-23
INDIANAPOLIS, March 23, 2011 (GLOBE NEWSWIRE) -- Brightpoint, Inc.
(Nasdaq:CELL), a global leader in providing supply chain solutions to
the wireless industry, today announced the successful completion of its
acquisition of the business and assets of C20 Mobile Pte. Ltd. and C20
Corporation Pte. Ltd. (together, "C20"). The acquisition was made by
Brightpoint Singapore Pte. Ltd., a wholly-owned subsidiary of
Brightpoint, Inc. C20 is a distributor of smartphones, tablets, mobile
devices and accessories for leading manufacturers in Singapore. With
the acquisition of C20, Brightpoint further strengthens its position as
a leading wireless device distributor and supply chain solutions
provider in the Singapore market.
"We are excited to complete the acquisition of C20," stated Felix Wong,
Senior Vice President of Brightpoint SEA (South East Asia). "This
transaction aligns with an important objective within Brightpoint's
global strategic plan of increasing the breadth and value of services,
solutions and products we offer our vendors and customers through
selective channel expansion and enhancing and proliferating our
products and services offerings. Acquiring C20 adds a strong product
set and new channel relationships that complement Brightpoint's
existing business in Singapore. This acquisition reinforces our
position as a leading wireless distributor in Singapore and provides a
stronger base to grow within South East Asia."
About C20 Mobile
C2O Mobile is a distributor of smartphones, tablets, mobile devices and
accessories for leading phone manufacturers. It also provides logistics
outsource services like accessories fulfillment, sourcing and design of
mobile phone wearables, trade-in phone and DOA phone management for
mobile operators. Some of its key customers/vendors include SingTel,
M1, StarHub, Samsung, Huawei, Belkin, Travelpac and major IT and mobile
phone resellers in the South-East Asia region.
About Brightpoint, Inc.
Brightpoint, Inc. (Nasdaq:CELL) is a global leader in providing
end-to-end supply chain solutions to leading stakeholders in the
wireless industry. In 2010, Brightpoint handled approximately 99
million wireless devices globally. Brightpoint's innovative services
include distribution channel management, procurement, inventory
management, repair services and reverse logistics, software loading,
kitting and customized packaging, fulfillment, product customization,
eBusiness 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
4,000 employees in more than 25 countries. In 2010, Brightpoint
generated revenue of $3.6 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. 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.
CONTACT: Brightpoint, Inc.
Tom Ward
Investor Relations
317-707-2745
Brightpoint, Inc.
Carolyn Manco
Media Relations
317-707-2276
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