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WirelessDevNet.com Press Release
Brightpoint and Nokia Extend Distribution Agreement in the United States
PLAINFIELD, Ind., Dec 20, 2007 -- Brightpoint, Inc. (NASDAQ:CELL) announced today that its subsidiary, Brightpoint North America L.P., ("Brightpoint") has extended its distribution agreement with Nokia, Inc. ("Nokia") in the United States to December 31, 2008. Brightpoint continues to be an authorized distributor for Nokia mobile phones in the United States. Nokia utilizes Brightpoint's supply chain and channel expertise to market, sell and deliver wireless devices to network operators, MVNOs, independent agents and dealers throughout the United States. Brightpoint is one of Nokia's largest customers worldwide.
"Brightpoint is proud to strengthen its relationship with Nokia and offer its ability to deliver industry leading supply chain expertise," stated J. Mark Howell, Co-Chief Operating Officer of Brightpoint, Inc. and President Brightpoint Americas. "The extension of this agreement confirms our mutually beneficial long-standing relationship."
Additionally, Brightpoint has been awarded business to manage Nokia's reseller program for online sales. Pursuant to this agreement, the program will enable online sellers to purchase Nokia devices and mobile enhancements from Brightpoint via Nokia's online private marketplace. Brightpoint will manage product distribution and auctions through the online marketplace on behalf of Nokia, as well as administering all order management and fulfillment steps for products sold through the marketplace.
About Brightpoint, Inc.
Brightpoint, Inc. (NASDAQ:CELL) is a global leader in the distribution of wireless devices and in providing customized logistic services to the wireless industry. In 2006, Brightpoint (including Dangaard on a pro forma basis) handled 64 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. The company has approximately 3,300 employees in 25 countries. Including Dangaard operations on a pro forma basis, unaudited revenue in 2006 was $4.4 billion and unaudited net income was $51 million on a pro forma basis. 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).
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