PLAINFIELD, Ind., May 2, 2008 (PRIME NEWSWIRE) -- Brightpoint, Inc. (Nasdaq:CELL) announced today that its wholly-owned subsidiary, Brightpoint Great Britain Limited ("Brightpoint"), has been appointed as the sole distributor by HTC Corporation (TAIEX: 2498; "HTC"). The announcement comes as a result of Brightpoint's recent successful acquisition of the wireless distribution business of Hugh Symons Telecom in United Kingdom. This agreement is part of a wider-reaching global master agreement that HTC and Brightpoint entered into in October of 2007.
Steen Pedersen, President of Brightpoint Europe, commented, "We are proud to have been chosen by HTC as the exclusive distributor for its products across the UK and Ireland. We believe that the strong working relationship HTC has with the Hugh Symons team combined with the knowledge and competencies from Brightpoint will be a powerful platform for helping HTC to continue the development of its business within the Channel."
Paul Ghent, HTC's Executive Director for UK and Ireland, said, "We are delighted to be working with Brightpoint, and at the same time, retaining the relationship we have with the Hugh Symons Telecom team in their new and strengthened position in the UK and Ireland. Our channel customers play a major role in our market success, and we are committed to building strong relationships with them through the new Channel Partner Programme."
About HTC
Founded in 1997, High Tech Computer Corp. (HTC) designs, manufactures and markets innovative, feature rich smartphone and PDA phone devices.
Since its establishment, HTC has developed strong R&D capabilities, pioneered many new designs and product innovations, and launched state-of-the-art PDA Phones and Smartphones for mobile operators and distributors in Europe, the US, and Asia. These machines are available as HTC devices and as products individually customized for operator and device partners.
HTC is one of the fastest growing companies in the mobile device market. The company is listed on the Taiwan Stock Exchange under ticker 2498. For more information about HTC, please visit www.htc.com.
About Brightpoint
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 3,300 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 Form 10-K 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.