Cellstar (NASDAQ:CLSTE)
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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/