Axesstel Signs Distribution Agreement with Brightstar.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- Axesstel, Inc. (AMEX AMEX See: American Stock Exchange :AFT), a leader in the design and development of fixed wireless voice and broadband data products, entered an exclusive agreement with Brightstar Corp. to distribute its CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. fixed wireless voice and broadband data products. Brightstar is a global leader in customized distribution and supply chain solutions for the wireless telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. industry. Brightstar will be the exclusive Venezuelan distributor of Axesstel's CDMA fixed wireless voice and broadband data products, which includes phones, modems, gateways and other data devices. Under the terms of the agreement, the companies may expand this arrangement in other countries in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. or around the world. "We believe partnering with Brightstar will effectively increase our penetration in the Venezuelan market, while improving our risk management associated with receivables," said Mike Kwon, chief executive officer of Axesstel. "Brightstar's proven expertise in driving business in challenging markets has made them an industry leader with a strong track record." Continued Kwon, "We believe this agreement will help drive sales and ultimately improve our financial position." "We are excited to be working with Axesstel," said Marcelo Claure, president and chief executive officer of Brightstar. "The company has gained a reputation for high quality products, and we believe its products are well suited to meet the growing needs of the Venezuela market. We look forward to bringing our combined solution to additional markets in the near future." About Brightstar Corp. Brightstar Corp. is a global leader in customized distribution and supply chain solutions for the wireless industry. With global headquarters in Miami, Florida “Miami” redirects here. For the Native American tribe, see Miami tribe. Miami is a major city in southeastern Florida, in the United States. It is the county seat of Miami-Dade County. Miami is a gamma world city with an estimated population of 404,048. , Brightstar operates sales, distribution and manufacturing facilities in more than 50 countries on six continents Six Continents is a large retail PLC in UK which split into Six Continents Retail known as Mitchells and Butlers plc. The hotels and soft drinks business of Six Continents PLC is now known as InterContinental Hotels Group PLC. . The company provides solutions to over 30,000 network operators, MVNOs, retailers, resellers and independent agents around the world, and also represents the world's leading wireless manufacturers. For more information, visit www.brightstarcorp.com. About Axesstel, Inc. Axesstel (AMEX:AFT) is a recognized industry leader in the design and development of fixed wireless voice and broadband data products. Axesstel's best in class product portfolio includes wireless web computers, broadband modems, 3G gateways, voice/data terminals, fixed wireless desktop phones and public call office phones for access to online computing computing - computer , high-speed data and voice calling services. The company delivers innovative fixed wireless solutions to leading telecommunications operators and distributors worldwide. Axesstel is headquartered in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. , with a research and development center in Seoul, South Korea. For more information on Axesstel, visit www.axesstel.com. (c) 2007 Axesstel, Inc. All rights reserved. The Axesstel logo is a trademark of Axesstel, Inc. |
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