Brightpoint Announces Termination of Lease Agreement for Former Call Center Facility.Business Editors PLAINFIELD, Ind.--(BUSINESS WIRE)--June 3, 2004 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 terminated the lease agreement pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to its facility located in Richmond, California. In 2003, the Company consolidated its Richmond, California, call center operation into its Plainfield, Indiana Plainfield is a town in Hendricks County, Indiana, United States. The population was 18,396 at the 2000 census. Its 2005 population, according to the Indiana demographic annual update, was 23,532. Plainfield is home to Metropolis, the largest mall on the west side of Indianapolis. , facility to reduce costs and increase productivity and profitability in its Americas Division. During 2003, the Company recorded an aggregate pre-tax charge of $5.5 million relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the facility consolidation. The Company expects to record a pre-tax gain on facility consolidation of approximately $200 thousand in the second quarter of 2004. Total cash outflows relating to the lease termination were approximately $2.5 million. The Company does not expect to incur any additional costs or significant cash outflows associated with this facility consolidation beyond the second quarter of 2004. 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 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 Investor relations The process by which the corporation communicates with its investors. 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, the Company's most recent Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Form 10-Q Form 10-Q See 10-Q. and the cautionary statements contained in 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 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. |
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