Brightpoint to Provide Integrated Logistic Services to IDT’s TuYo Mobile
PLAINFIELD, Ind. — Brightpoint, Inc. (NASDAQ:CELL) subsidiary Brightpoint North America L.P. (“Brightpoint”) and IDT Telecom, Inc. (“IDT”), have reached an agreement whereby Brightpoint will provide IDT with a full range of integrated logistics services such as inventory management, custom packaging, reverse logistics, web hosting, and fulfillment services enabling IDT to deliver their wireless devices to its customers in North America. E[acute accent]IDT is one of the two large Mobile Virtual Network Operators (MVNOs) we had announced in our Q2 earnings release on August 9, 2005 that we have been selected by to provide integrated logistics services. E[acute accent]”We are pleased to have been selected by IDT as their integrated logistics provider to support their MVNO business in the U.S.,” stated J. Mark Howell, President of Brightpoint, Inc. and Brightpoint Americas. “We believe that our core capabilities in integrated logistics provide IDT with the necessary supply chain capabilities to serve their customers in a world class manner.” E[acute accent]”We selected Brightpoint as our logistics services provider based on their wireless experience and ability to deliver world class services to our channels and customers,” said Rob Schwartz, Executive Vice President of IDT Telecom and President of TuYo Mobile.
E[acute accent]About Brightpoint
E[acute accent]Brightpoint is one of the world’s largest providers of distribution and integrated logistic services to the wireless telecommunications industry. 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 line at 877-IIR-CELL (877-447-2355).
E[acute accent]About IDT
E[acute accent]IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to retail and wholesale customers worldwide. IDT Telecom, by means of its own international telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance and domestic all-distance telephony and prepaid calling cards. IDT Entertainment is the IDT subsidiary focused on developing, acquiring, producing and distributing computer-generated and traditionally animated productions and other productions for the film, broadcast and direct-to-consumer markets. IDT Capital is the IDT division principally responsible for the Company’s initiatives in brochure distribution, retail energy and new technologies. Net2Phone, Inc., a subsidiary of IDT Corporation, is a provider of high-quality global retail Voice over IP services and offers a fully outsourced cable telephony service to cable operators allowing cable operators to provide residential phone service to their subscribers. E[acute accent]IDT Corporation’s Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.
E[acute accent]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/A and Form 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. 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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