INDIANAPOLIS, May 11, 2010 (GLOBE NEWSWIRE) -- Brightpoint, Inc. (Nasdaq:CELL) announced today that its subsidiary Brightpoint North America L.P. ("Brightpoint") has extended its agreement with MetroPCS Wireless, Inc. ("MetroPCS") to provide supply chain solutions in the United States. Pursuant to the agreement, Brightpoint will continue to provide a variety of integrated logistic services for MetroPCS, including inventory management, customer service, order management and distribution to MetroPCS' various retail channels.
"MetroPCS looks forward to extending our long-standing partnership with Brightpoint," said Doug Glen, senior vice president of corporate development. "We consider Brightpoint to be an expert in supply chain solutions and they have continually supported us in our growth as a leader in the wireless communications industry."
"We are pleased to continue our long-standing relationship with MetroPCS," said J. Mark Howell, president of Brightpoint Americas. "Brightpoint North America has been working with MetroPCS since 2001 in various capacities and is excited to extend our range of services provided under this new agreement."
About MetroPCS Communications, Inc.
Dallas-based MetroPCS Communications, Inc. (NYSE:PCS) is a provider of unlimited wireless communications service for a flat-rate with no signed contract. MetroPCS is the fifth largest facilities-based wireless carrier in the United States based on number of subscribers served and has access to licenses covering a population of approximately 146 million people in many of the largest metropolitan areas in the United States. As of March 31, 2010, MetroPCS had over 7.3 million subscribers. For more information please visit www.metropcs.com.
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 2009, 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 2,700 employees in more than 25 countries. In 2009, Brightpoint generated revenue of $3.2 billion. Brightpoint provides distribution and customized services to more than 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, the ability of the Company to complete any or all of the repurchases contemplated under the Amended Share Repurchase Program. 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. 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.