Wireless Xcessories (AMEX:XWG)
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From May 2019 to May 2024
The Wireless Xcessories Group, Inc. (AMEX:XWG), a
nationwide manufacturer and distributor of electronic and cellular
accessories and creator of private labeled websites for affiliates,
announced today that it has signed accessory supply agreements with
four large wireless multi store retailers and franchising groups.
Under the agreements, Wireless Toyz, Wireless Giant, Yakety Yak and
All Star Wireless, with over 400 store locations combined, will sell
the Company's electronic and cellular accessories throughout the U.S.
These four groups expect to double their number of retail locations
within the next 24 months.
In addition to offering its broad line of accessories, Wireless
Xcessories will provide these companies with hosted web sites, which
can allow their customers to purchase products via the Internet. The
Company will fulfill those orders on behalf of their franchisees,
allowing them to provide shoppers with a broader line of accessories
than can be stocked directly in stores. These include IPOD, MP3 and
related devices.
"The signing of these new agreements represents a continuation of
our strategy to penetrate the market segment of multi store wireless
retailers, which is the fastest growing segment of the wireless dealer
market," said Steve Rade, Wireless Xcessories' CEO. "With our
innovative product line, free value added services, and a variety of
web-based cell phone and accessory fulfillment options, our
multi-store retailers and franchisors have the ability to offer their
customers the broadest range of cellular and electronic accessories
and services."
About Wireless Xcessories Group
Wireless Xcessories Group, Inc. designs and distributes a range of
accessories for cellular phones throughout the United States and
Canada. The Company offers in excess of 4,000 items that include
rechargeable batteries, personal and vehicle hands free kits, portable
and vehicle antennas, in-car and travel chargers, and plain and
colored carrying cases. The Company also offers dealers the ability to
activate phones online for all nationwide airtime carriers such as
Verizon. Sprint, Cingular, Nextel and T-Mobile. The Company sells to
dealers and distributors through an in-house sales force and directly
from its website, www.wirexgroup.com. Wireless Xcessories also creates
free private labeled websites, Industrial Cellular Strength.com, for
its dealers and produces product line catalogs that are circulated
nationally and internationally.
"Safe Harbor" Statement - Under the Private Securities Litigation
Reform Act of 1995, this press release may contain forward-looking
statements that involve risks and uncertainties. Important factors,
which could cause actual operating results to differ materially from
those in the forward-looking statements, are detailed in filings with
the Securities and Exchange Commission made from time to time by the
Company. This press release and statements are current as of the date
of the individual announcements and the Company undertakes no
obligation to publicly release any revisions to any forward-looking
statement to reflect events or circumstances after the date thereof or
to reflect the occurrence of unanticipated events.