Browning Investments, Inc. to Develop New Headquarters and Distribution Facility for Wholesale Cellular USA, Inc.INDIANAPOLIS Indianapolis (ĭn'dēənă`pəlĭs), city (1990 pop. 731,327), state capital and seat of Marion co., central Ind., on the White River; selected 1820 as the site of the state capital (which was moved there in 1825), inc. 1847. , Indiana--(BUSINESS WIRE)--June 23, 1995--Wholesale Cellular USA, 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) today announced that Browning Investments, Inc., an Indianapolis based real estate development company, will design, construct and manage the Company's new headquarters and distribution facility in Indianapolis, Indiana “Indianapolis” redirects here. For other uses, see Indianapolis (disambiguation). Indianapolis (IPA: [ˌɪndiəˈnæpəlɪs]) is the capital city of the U.S. . The Company has entered into a ten year lease agreement with Browning Investments for the new 77,000 square foot facility to be located in Corporate Park in the northwest area of the city. This facility, which is scheduled for completion later this year, is being constructed to meet the current needs of the Company as well as to accommodate future expansion. ``We are excited to have joined with Wholesale Cellular in developing this new facility,'' stated Michael G. Browning, president of Browning Investments. ``Browning Investments provides a unique and flexible set of services to meet the dynamic needs of Wholesale Cellular USA, Inc.'' ``Due to the significant growth of Wholesale Cellular, it was necessary to develop a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. plan for both our headquarters and distribution facilities,'' stated Robert J. Laikin, Wholesale Cellular's president and chief executive officer. ``The package that Browning Investments has put together for Wholesale Cellular will provide us the facilities necessary to support our planned growth. Mayor Stephen Goldsmith Stephen "Steve" Goldsmith (born December 12, 1946) is a graduate of Wabash College and the University of Michigan Law School, and is the former Mayor of Indianapolis and currently serves as the Chair of the Corporation for National and Community Service. and his assistant for economic development, Larry Gigerich, were instrumental in providing economic incentives to persuade Wholesale Cellular to remain in Indianapolis.'' ``With Wholesale Cellular being one of the fastest-growing, publicly-traded companies in the country, we are pleased they have chosen to locate both their corporate headquarters and distribution center here,'' said Mayor Stephen Goldsmith. ``Indianapolis continues to attract quality companies with our natural advantages as a central distribution point as well as our vibrant economy.'' Wholesale Cellular USA, Inc. is engaged in the wholesale distribution of cellular telephones and related products. The Company distributes a diverse line of cellular products and provides a wide range of specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. services to cellular carriers, agents, dealers and resellers throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and in foreign markets. CONTACT: John R. Sullivan Wholesale Cellular USA, Inc. (317) 872-5155 or John W. Adams W. Adams (d. 1748) was a captain in the British Navy, slain in Edward Boscawen's unsuccessful siege of Pondicherry. Sources
Browning Investments, Inc. (317) 237-2800 |
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