Brightpoint and PreCash Enter Agreement for ePIN Distribution.PLAINFIELD, Ind. -- 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 North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. L.P. ("Brightpoint"), has entered into an agreement with PreCash, Inc. ("PreCash"). Pursuant to the agreement, PreCash will develop a payment processing solution using ePINs from Virgin Mobile USA Virgin Mobile USA (NYSE: VM) is a cellular telephone company that is a joint-venture between Sir Richard Branson's Virgin Group and Sprint Nextel. Virgin Mobile USA uses Sprint's CDMA-based Personal Communications Service (PCS) network. , LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . These ePINs will be used to top-up Virgin Mobile airtime air·time n. 1. The time during which a radio or television station is broadcasting. Also called airspace. 2. The time at which a radio or television program is broadcast. by independent Brightpoint and PreCash dealers. Brightpoint, through its Accesspoint Dealer Network program, will offer its current and future dealers the opportunity to purchase Virgin Mobile ePIN prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay ment n. wireless payments using PreCash's web interface application ("WebConnect"). Eligible dealers will be able to offer Virgin Mobile ePIN prepaid payments from PreCash to new and existing customer accounts. Accesspoint is Brightpoint's value-enhancing master agent program that supports qualified dealers with a comprehensive group of services. This program, which currently serves more than 2,000 dealers nationwide, creates opportunities for independent dealers, agents and specialty retailers to offer wireless products and service activations, and earn highly competitive commissions. More information is available at www.access-point.com. Additionally, Brightpoint services over 5,000 independent wireless dealers and PreCash services another 11,000 independent wireless dealers nationwide that will be eligible to participate in the Virgin Mobile ePIN prepaid payment program through PreCash's WebConnect web application. "We are excited about broadening our existing relationship with PreCash to offer our dealers additional options for Virgin Mobile top-up," stated Mitch Black, Senior Vice President-Sales & Distribution of Brightpoint. "PreCash constantly strives to provide more options to its retail partners and cash-paying consumers, while also providing innovative new solutions to the industry's leading service providers. We are very enthusiastic about the relationships with Virgin Mobile and Brightpoint," said Calvin Williams Calvin John Williams (born March 3, 1967 in Baltimore, Maryland) is a former professional American football player in the NFL who was selected by the Philadelphia Eagles in the 5th round of the 1990 NFL Draft. A 5'11", 181-lb. , PreCash executive vice president of sales and marketing. About PreCash(R) PreCash has built the industry's leading network that transforms cash into electronic payments for consumers who do not have a credit card or bank account. In the U.S., the company offers bill pay, prepaid wireless and stored value products in addition to facilitating security deposits, allowing its retail partners to utilize one simple system for all of their cash-based transaction needs. PreCash also offers a line of branded Vision Prepaid MasterCard products that can be used wherever MasterCard is accepted. Through joint venture China eCash, the company provides prepaid refill refill noun A second allotment of a prescription agent obtained from a pharmacy, which is allowed by the original prescription verb Pharmacology To obtain more of a particular drug, after the initially prescribed amount of the agent has been used or in China, the world's largest mobile communications market. PreCash offers its services at 85,000 retail locations worldwide, including Wal-Mart, RadioShack, Ace Cash Express, 7-Eleven and more than 70,000 independent retailers. Founded in 1998, PreCash is headquartered in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the , with additional offices in Portland, Oregon, Atlanta, Georgia and Beijing, China. For more information, visit www.precash.com. About Brightpoint Brightpoint, Inc (NASDAQ:CELL) is a global leader in the distribution of wireless devices and in providing customized logistic lo·gis·tic also lo·gis·ti·cal adj. 1. Of or relating to symbolic logic. 2. Of or relating to logistics. [Medieval Latin logisticus, of calculation services to the wireless industry. In 2005, Brightpoint handled 42 million wireless devices globally. Brightpoint's innovative services include distribution, channel development, fulfillment, product customization, eBusiness solutions, and other outsourced services that integrate seamlessly with its customers. Brightpoint's effective and efficient platform allows its customers to benefit from quickly deployed, flexible, and cost effective solutions. 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 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. 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 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. These risk factors include, without limitation, the ability of both parties to perform under the contract and the right to terminate under the contract. 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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