Inphonic (NASDAQ:INPC)
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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,
and InPhonic, Inc. (NASDAQ: INPC), a leading online seller of wireless
products and services, announced today a joint marketing and
distribution agreement. Under the agreement, Wireless Xcessories will
offer InPhonic's services to its 1,000 private label website
affiliates. This will allow these affiliates to provide their
customers with the opportunity to activate cell phone services on any
of the nation's largest wireless carriers. InPhonic has also agreed to
make Wireless Xcessories Group a preferred accessory supplier, charged
with creating accessory marketing programs for InPhonic's customers.
"Currently, our private labeled websites feature accessories for
cell phones, IPOD, MP3, and related devices," said Steve Rade,
Wireless Xcessories' CEO. "The relationship with InPhonic now allows
us to offer our affiliates the ability to activate phones for Verizon
Wireless, Cingular Wireless, Sprint, Nextel, T-Mobile, Alltel, and
others and further expands our product and service offering.
Affiliates can now offer the newest phones and a variety of airtime
services with no investment in inventory."
"The InPhonic arrangement allows our partners, who do not
currently offer wireless phones, to direct shoppers to their website
for activation of a new wireless phone anywhere in the United States
providing another example of the value-added services we provide our
customers."
About InPhonic
Headquartered in Washington, D.C., InPhonic, Inc. (NASDAQ:INPC)
is a leading online seller of wireless services and products. InPhonic
sells these services and devices, and provides world-class customer
service through websites that it creates and manages for online
businesses, national retailers, member-based organizations and
associations under their own brands. InPhonic also operates Wirefly, a
leading mobile phones and wireless plans comparison site that was
awarded "Best of the Web" by Forbes magazine in 2004. Today, InPhonic
owns and operates Liberty Wireless, a leading MVNO and can deliver a
full range of mobility solutions to enterprise clients through its
Mobile Virtual Network Enablement (MVNE) platform. In 2004, InPhonic
was selected #1 company of the year on the Inc. 500 - Inc. Magazine's
list of the fastest-growing privately held companies in the United
States. More recently, InPhonic was named T-Mobile's Internet Partner
of the Year for 2004. For more information on the company, its
products and services, visit the InPhonic Corporate Web site at
www.inphonic.com.
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 sells to dealers and distributors
through an in-house sales force and directly from its website,
www.wirexgroup.com. Wireless Xcessories also creates private labeled
websites, Industrial Cellular Strength.com, for its dealers and
produces 2 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.