HUNTINGDON VALLEY, Pa., Feb. 27, 2006 (PRIMEZONE) -- Wireless Xcessories Group (AMEX:XWG) has signed a Manufacturing and Supply Agreement with SANYO Energy (U.S.A.) Corporation. The contract calls for Wireless Xcessories Group to manufacture an accessory product line, including: Vehicle and home chargers, leather holsters and cases, headsets for cordless phones, and a variety of hands free devices. SANYO will offer the product line to their mass retail customers. An integral part of the program will be a new design of heat sealed retail packaging.
Steve Rade, CEO of Wireless Xcessories Group, stated: "SANYO has been a leading supplier of accessories to mass retail chains for many years, so we are pleased that they have chosen to partner with us. Their quality control and manufacturing standards are exceedingly high. Our ability to present them with a new product line and new packaging designs will hopefully keep them at the forefront of our industry, and provide a material boost to our sales beginning in the second quarter of 2006."
About SANYO
SANYO Energy (U.S.A.) Corporation, based in San Diego, California, is an affiliate of SANYO North America Corporation, a subsidiary of SANYO Electric Co., Ltd (Nasdaq:SANYY), a $24 billion manufacturer and distributor of consumer and commercial electronics, including solar products and batteries.
For more information, visit SANYO Energy online at www.sanyobatteries.com.
About Wireless Xcessories Group
Wireless Xcessories Group, Inc. designs and distributes a range of accessories for cellular phones throughout the United States and Canada. The Company offers in excess of 4,000 items that include rechargeable batteries, personal and vehicle hands free kits, portable and vehicle antennas, in-car and travel chargers, and plain and colored carrying cases. The Company sells to dealers and distributors through an in-house sales force and directly from its website, www.wirexgroup.com. Wireless Xcessories also creates private labeled websites, Industrial Cellular Strength.com, for its dealers and produces 2 product line catalogs that are circulated nationally and internationally.
"Safe Harbor" Statement - Under the Private Securities Litigation Reform Act of 1995, this press release may contain forward-looking statements that involve risks and uncertainties. Important factors, which could cause actual operating results to differ materially from those in the forward-looking statements, are detailed in filings with the Securities and Exchange Commission made from time to time by the Company. This press release and statements are current as of the date of the individual announcements and the Company undertakes no obligation to publicly release any revisions to any forward-looking statement to reflect events or circumstances after the date thereof or to reflect the occurrence of unanticipated events.