updated 3/23/2011 9:16:47 AM ET 2011-03-23T13:16:47

INDIANAPOLIS, March 23, 2011 (GLOBE NEWSWIRE) -- Brightpoint, Inc. (Nasdaq:CELL), a global leader in providing supply chain solutions to the wireless industry, today announced the successful completion of its acquisition of the business and assets of C20 Mobile Pte. Ltd. and C20 Corporation Pte. Ltd. (together, "C20"). The acquisition was made by Brightpoint Singapore Pte. Ltd., a wholly-owned subsidiary of Brightpoint, Inc. C20 is a distributor of smartphones, tablets, mobile devices and accessories for leading manufacturers in Singapore. With the acquisition of C20, Brightpoint further strengthens its position as a leading wireless device distributor and supply chain solutions provider in the Singapore market. 

"We are excited to complete the acquisition of C20," stated Felix Wong, Senior Vice President of Brightpoint SEA (South East Asia). "This transaction aligns with an important objective within Brightpoint's global strategic plan of increasing the breadth and value of services, solutions and products we offer our vendors and customers through selective channel expansion and enhancing and proliferating our products and services offerings.   Acquiring C20 adds a strong product set and new channel relationships that complement Brightpoint's existing business in Singapore. This acquisition reinforces our position as a leading wireless distributor in Singapore and provides a stronger base to grow within South East Asia."

About C20 Mobile

C2O Mobile is a distributor of smartphones, tablets, mobile devices and accessories for leading phone manufacturers. It also provides logistics outsource services like accessories fulfillment, sourcing and design of mobile phone wearables, trade-in phone and DOA phone management for mobile operators. Some of its key customers/vendors include SingTel, M1, StarHub, Samsung, Huawei, Belkin, Travelpac and major IT and mobile phone resellers in the South-East Asia region.

About Brightpoint, Inc.

Brightpoint, Inc. (Nasdaq:CELL) is a global leader in providing end-to-end supply chain solutions to leading stakeholders in the wireless industry. In 2010, Brightpoint handled approximately 99 million wireless devices globally. Brightpoint's innovative services include distribution channel management, procurement, inventory management, repair services and reverse logistics, software loading, kitting and customized packaging, 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 4,000 employees in more than 25 countries. In 2010, Brightpoint generated revenue of $3.6 billion. Brightpoint provides distribution and customized services to over 25,000 B2B customers worldwide. 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).

Certain information in this press release may contain forward-looking statements regarding future events or the future performance of Brightpoint. These statements are only predictions and actual events or results may differ materially. Please refer to the documents Brightpoint files, from time to time, with the Securities and Exchange Commission, including Brightpoint's most recent Form 10-K and Form 10-Q and Exhibit 99.1, thereto. These documents contain and identify important risk factors that could cause the actual results to differ materially from those contained in or implied by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date these statements were made. Brightpoint undertakes no obligation to update any forward-looking statements contained in this press release.

CONTACT: Brightpoint, Inc.
         Tom Ward
         Investor Relations
         317-707-2745
         
         Brightpoint, Inc.
         Carolyn Manco         
         Media Relations
         317-707-2276

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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