Brightpoint, Inc. acquires balance of three subsidiaries.INDIANAPOLIS--(BUSINESS WIRE)--April 22, 1997--Brightpoint, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CELL) announced today that it has acquired the balance of the ownership of three of its subsidiaries, Brightpoint Brightpoint, Inc. (NASDAQ: CELL) is a leading global communications technology firm that specializes in the distribution of wireless devices and in providing customized logistics services to the wireless industry. China Limited, Brightpoint (UK) Limited and Brightpoint Australia Pty Ltd PTY LTD Propriety Limited (company structure in Australia) . The 20 percent interests acquired were owned by members of management of each of the respective subsidiaries. The ownership interests were acquired using cash and stock, resulting in approximately 232,000 new Brightpoint, Inc. shares outstanding. "These acquisitions are a key element in our globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation strategy," stated T. Scott Housefield, President of Brightpoint International Ltd. "Brightpoint now has full ownership of these important subsidiaries and we have created more Brightpoint stockholdings among the members of management." Brightpoint, Inc. distributes wireless communication equipment and related products globally and provides related services including inventory management, fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. , packaging and programming. The Company's primary mission is to always be the most efficient market channel for vendors and the low cost/high service provider to customers, thereby striving to be the best total cost provider in terms of price, time and reliability. CONTACT: Brightpoint, Inc., Indianapolis Phillip A. Bounsall, 317/297-6100 |
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