CellStar to Distribute Samsung CDMA Product in Mexico
March 30 2005 - 7:13PM
PR Newswire (US)
CellStar to Distribute Samsung CDMA Product in Mexico CARROLLTON,
Texas, March 30 /PRNewswire-FirstCall/ -- CellStar Corporation
(NASDAQ:CLSTE), a value-added wireless logistics and distribution
services leader, today announced that it is currently distributing
Samsung product in Mexico. The Company is supplying the product to
Unefon, one of its carrier customers in Mexico. Historically,
Samsung has typically sold handsets directly to the carriers in
Mexico; however, its customer base did not include Unefon until
now. "We are very excited about the opportunity to provide Samsung
product to Unefon," said Robert Kaiser, chief executive officer and
President of CellStar. "This is another strategic milestone for
CellStar in Mexico. This new opportunity will allow us to
strengthen our relationship in Mexico with both Samsung and
Unefon." CellStar is currently distributing two Samsung CDMA
handset models to Unefon, the third largest carrier in Mexico. "We
have made previous attempts to get our product into Unefon," said
Oscar Lara, marketing & sales director of the Mobile
Communications Division of Samsung Electronics Mexico. "It was a
long process, but thanks to CellStar, we are now in a position to
build a strong and successful relationship with Unefon. This is a
major win for Samsung and we are excited about the new relationship
with CellStar." About CellStar Corporation CellStar Corporation is
a leading global provider of value added logistics and distribution
services to the wireless communications industry, with operations
in the Asia-Pacific, North American and Latin American Regions.
CellStar facilitates the effective and efficient distribution of
handsets, related accessories and other wireless products from
leading manufacturers to network operators, agents, resellers,
dealers and retailers. CellStar also provides activation services
in some of its markets that generate new subscribers for its
wireless carriers. For the year ended November 30, 2003, the
Company reported revenues of $1.8 billion. Additional information
about CellStar may be found on its website at
http://www.cellstar.com/ . This news release contains
forward-looking statements, as defined in the Private Securities
Litigation Reform Act of 1995. A variety of risk factors, including
the Company's ability to implement its business strategies, to
maintain its channels of distribution, continue to secure an
adequate supply of competitive products on a timely basis and on
commercially reasonable terms, improve its operating margins,
secure adequate financial resources, maintain an adequate system of
internal control, comply with debt covenants, and continually turn
its inventories and accounts receivable, as well as changes in
foreign laws, regulations and tariffs, new technologies, system
implementation difficulties, competition, handset shortages or
overages, terrorist acts, a decline in consumer confidence and
continued economic weakness in the U.S. and other countries in
which the Company does business and other risk factors, are
discussed in the Company's Annual Report on Form 10-K and most
recent Quarterly Report on Form 10-Q. Any one, or a combination of
these risk factors could cause CellStar's actual results to vary
materially from anticipated results or other expectations expressed
in the Company's forward-looking statements. DATASOURCE: CellStar
Corporation CONTACT: Sherrian Gunn of CellStar Corporation,
+1-972-466-5031 Web site: http://www.cellstar.com/
Copyright
Cellstar (NASDAQ:CLSTE)
Historical Stock Chart
From May 2024 to Jun 2024
Cellstar (NASDAQ:CLSTE)
Historical Stock Chart
From Jun 2023 to Jun 2024