Brightpoint Enters Into Exclusive Integrated Services Agreement With COMCEL in Colombia.Business Editors INDIANAPOLIS--(BUSINESS WIRE)--Feb. 2, 2000 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 its subsidiary, Brightpoint de Colombia, has entered into an agreement with Comunicacion Celular S.A. (&uot;COMCEL&uot;). Under the Agreement, Brightpoint will provide to COMCEL COMCEL Comunicaciones Celulares (Guatemala) , on an exclusive basis, shipping, receiving, warehousing, handset kitting, order processing and fulfillment, and reporting. Brightpoint will establish a physical presence in Colombia in order to deliver these services to COMCEL. COMCEL is Colombia's largest cellular provider, operating in Colombia's leading political, commercial and financial centers. Founded in 1994, COMCEL has experienced significant subscriber and revenue growth to more than 780,000 subscribers, and has captured 55 percent of the market share in Colombia's eastern region, 54 percent in the western region and 48 percent of the entire country. In March 1998, COMCEL merged with OCCEL, another leading Colombian cellular service provider, when COMCEL's largest shareholder, Bell Canada Bell Canada Enterprises (TSX: BCE, NYSE: BCE), legally BCE Inc., is a major Canadian telecommunications company. Through its subsidiaries including Bell Canada, Bell Aliant, Northwestel, Télébec, and NorthernTel, it is the incumbent local exchange carrier for International, bought 68.4 percent of OCCEL's common stock. Web Site: www.comcel.com.co. Brightpoint, Inc. is a leading provider of outsourced services in the global wireless telecommunications and data industry. Brightpoint's innovative services include contract manufacturing, customized packaging, prepaid and e-commerce solutions, inventory management, distribution and other outsourced services. Brightpoint's customers include leading network operators, e-tailers, retailers and wireless equipment manufacturers. Additional information about Brightpoint can be found on its website at www.brightpoint.com or by calling its toll-free Investor Relations Investor relations The process by which the corporation communicates with its investors. Information line at 877-IIR-CELL (877-447-2355). &uot;Forward-looking statements&uot; as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 may be included in this news release. A variety of factors could cause the Company's actual results to differ from the reported results expressed in such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Investors are referred to the Company's Cautionary Statements (Exhibit 99 to the Company's most recent Form 10-Q Form 10-Q See 10-Q. ), which statements are incorporated into this news release by reference. |
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