Brightpoint, Inc. cleared to mail proxy statement regarding Allied Communications, Inc. merger.

INDIANAPOLIS--(BUSINESS WIRE)--May 1, 1996--Brightpoint, Inc. (NASDAQ: CELL) announced today that the Securities and Exchange Commission has cleared the definitive proxy statement in connection with Brightpoint's previously announced merger (the "Merger") with Allied Communications, Inc. and affiliates ("Allied Companies").

An Annual Meeting of the Stockholders of Brightpoint, Inc. is currently scheduled to be held on May 29, 1996, to (i) approve the exchange of 2.025 million newly issued shares (an amendment to the agreement has set the number of shares to be issued) of Brightpoint, Inc. Common Stock for all of the outstanding shares of Common Stock of the Allied Companies, (ii) approve an increase in the number of authorized shares of Brightpoint, Inc. Common Stock from 10,000,000 to 25,000,000, and (iii) to elect directors. Shareholders of record as of April 24, 1996 are entitled to notice of, and to vote at, the meeting.

Final pro forma financial statements for fiscal year 1995 and first quarter 1996 are attached hereto. The pro forma financial statements for fiscal year 1995 reflect a reduction of the pro forma net income from $7,682,000 to $7,307,000 based on the restatement of the net income for the Allied Companies for such period. Such reduction together with the adjustment in Brightpoint shares to be issued in the Merger did not change the previously reported per share pro forma earnings of $.80 per share for the 1995 fiscal year.

The Allied Companies distribute wireless communication equipment throughout the United States and Latin America. The Allied Companies employ approximately 100 people in six facilities; four on the East Coast, one in Chicago and one in Puerto Rico.

Brightpoint, Inc. distributes wireless communication equipment and related products globally and provides related services including inventory management, fulfillment, packaging and programming. The Company's primary mission is to always be the most efficient channel of distribution 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. -0-

Brightpoint Summary Unaudited Pro Forma
Combined Statement of Income Data:

                       Year ended December 31  Three Months March 31
                         1993    1994    1995      1995    1996
                      __________________________ __________________
                          (In thousands, except per share data)

Net sales             $151,315 $309,227 $419,149 $ 97,181 $112,960
Cost of sales          140,617  290,463  390,950   90,976  105,032
                      ________ ________ ________ ________ ________
Gross profit            10,698   18,764   28,199    6,205    7,928
Selling, general and
  administrative
  expenses(1)            7,418   11,095   14,813    3,083    3,677
                      ________ ________ ________ ________ ________
Income from operations   3,280    7,669   13,386    3,122    4,251
Interest expense, net      103      164    1,383      282      184
                      ________ ________ ________ ________ ________
Income before income
 taxes                   3,177    7,505   12,003    2,840    4,067
Income taxes             1,249    2,950    4,696    1,209    1,589
                      ________ ________ ________ ________ ________
Net income            $  1,928 $  4,555 $  7,307 $  1,631 $  2,478
                      ________ ________ ________ ________ ________
                      ________ ________ ________ ________ ________

Net income per share:
 Net income per share $    .37 $    .60 $    .80 $    .19 $    .23
                      ________ ________ ________ ________ ________
                      ________ ________ ________ ________ ________
 Weighted average common
  shares outstanding     5,275    7,614    9,187    8,599   10,984

(1) The pro forma combined statements of income for the year ended
December 31, 1995 and the three months ended March 31, 1996 do not
reflect any adjustment for the future contractual reduction to be
made in officers' compensation of the Allied Companies pursuant to
the consummation of the Merger (such reduction would have been
$1,808,000 and $0 for the year ended December 31, 1995 and the three
months ended March 31, 1996, respectively).

Brightpoint Summary Unaudited Pro Forma Combined Balance Sheet Data:

                             December 31         March 31,
                          1993    1994    1995      1996
                       _________________________ __________
                                  (In thousands)

Working capital        $ 7,039 $ 20,960 $ 62,219 $ 62,476
Total assets            31,283   82,845  119,787  124,324
Total long-term debt,
  including current
  portion                6,086    6,361    6,217   17,383
Total liabilities       27,799   62,562   54,930   56,430
Stockholders' equity     3,484   20,283   64,857   67,894

CONTACT: Brightpoint, Inc., Indianapolis

J. Mark Howell, 317/297-6100