Brightpoint Announces Consolidation of Call Center Operations and Updates Financial Guidance.

Business Editors, High Tech Writers

INDIANAPOLIS--(BUSINESS WIRE)--Feb. 19, 2003

Brightpoint, Inc. (NASDAQ:CELL) announced today that, in its continuing efforts to reduce costs and increase productivity and profitability in its Americas division, it will consolidate its Richmond, California, call center operation into its Plainfield, Indiana, call center. By utilizing existing infrastructure, the Company expects to realize, beginning in the second quarter of 2003, annual pre-tax cost savings of approximately $2.0 million to $2.5 million. The Company expects to record a pre-tax charge of approximately $4.0 million to $4.5 million in the first quarter of 2003 which includes the present value of estimated lease costs, net of an anticipated sublease; losses on the disposal of assets; severance and other costs relating to the facility consolidation. Total cash outflows relating to the charge are expected to be approximately $3.0 million to $3.5 million and cash outflows in the first and second quarters of 2003 are expected to be approximately $200 thousand and $450 thousand, respectively.

The Company currently expects to earn income from continuing operations, excluding the effect of the pre-tax charge described above, of an amount equal to or greater than $0.08 per diluted share in the first quarter of 2003. In the second quarter of 2003, the Company expects increases in demand for its products and services relative to the first quarter of 2003 and costs savings from the facility consolidation described above to result in income from continuing operations of an amount equal to or greater than $0.25 per diluted share. This compares to previous financial guidance announced on February 6, 2003 of income from continuing operations of an amount equal to or greater than $0.08 per diluted share in the first quarter of 2003 and an amount equal to or greater than $0.21 per diluted share in the second quarter of 2003.

Brightpoint is one of the world's largest distributors of mobile phones. Brightpoint supports the global wireless telecommunications and data industry, providing quickly deployed, flexible and cost effective third party solutions. Brightpoint's innovative services include distribution, channel management, fulfillment, eBusiness solutions and other outsourced services that integrate seamlessly with its customers. 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 the Company files, from time to time, with the Securities and Exchange Commission; specifically, Brightpoint's most recent Form 10-K, Form 10-Q and the cautionary statements contained in Exhibits 99 or 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. These risk factors include, without limitation, the ability of the Company to vacate the Richmond, California, facility in the first quarter of 2003, the ability to sublease the Richmond facility at a suitable rate and in a timely manner and changes in estimates and judgments inherent in the preparation of the estimates contained herein. Readers are cautioned not to place undue reliance on these forward-looking statements which 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.