INDIANAPOLIS, June 23, 2009 (GLOBE NEWSWIRE) -- Brightpoint, Inc. (Nasdaq:CELL) announced today that its subsidiary, Brightpoint New Zealand Limited ("Brightpoint"), has entered into a logistics services agreement with Vodafone New Zealand Limited ("Vodafone") to extend the range of services it provides to Vodafone. Under this agreement, Brightpoint will provide logistics services to Vodafone. These services include sales order management, accounts receivable management, warehousing and operations, returns and recycling management, transportation management, production planning and execution and administration and product management oversight.
The services will cover all of Vodafone's handsets, SIM sales packages, wireless and fixed line modems and related Vodafone terminals for the New Zealand market. Brightpoint will provide these services for Vodafone to over 550 retail locations in New Zealand.
"We are pleased to continue our long-standing relationship with Vodafone," said James Watters, Managing Director of Brightpoint New Zealand. "Brightpoint New Zealand has been working with Vodafone since 1998 in various capacities and is pleased to extend our range of services provided to Vodafone under this new contract."
About Vodafone
Vodafone is the world's leading international mobile telecommunications company, with equity interests in 27 countries and Partner Markets in more than 40 countries. As of 31 December 2008, Vodafone had approximately 289 million proportionate customers worldwide. For further information, please visit www.vodafone.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 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 2,800 employees in more than 25 countries. In 2008 Brightpoint generated revenue of $4.6 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, 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.