INDIANAPOLIS, Jan. 4, 2011 (GLOBE NEWSWIRE) -- Brightpoint, Inc. (Nasdaq:CELL), a global leader in providing supply chain solutions to the wireless industry, today announced the addition of three new Centers of Excellence in the United States. Two of the facilities are located in the metropolitan Indianapolis, Indiana area and one will be located in Reno, Nevada.
Brightpoint recently completed the purchase of a 533,000 square foot facility in the AllPoints Midwest business park in Plainfield, Indiana. An additional 200,000 square foot facility has been leased in Plainfield, Indiana in support of Brightpoint's expanding reverse logistic services offering. A 264,000 square foot facility located in Reno, Nevada is under contract to be purchased and is expected to be operational in the second quarter of 2011. Brightpoint will transition operations from its Airwest facility, based in Plainfield, Indiana, to the new AllPoints and Reno facilities and will vacate the Airwest facility on July 31, 2011. The addition of these Centers of Excellence will enable Brightpoint to increase its existing operational footprint in the United States by approximately 700,000 square feet.
Brightpoint is investing in these facilities in response to the Company's planned growth and anticipated need for increased capacity to serve its customers. These three new facilities, as well as the recently acquired former Touchstone Wireless facilities located in Bristol, Tennessee and Ft. Worth, Texas, give Brightpoint in excess of 2 million square feet of supply chain logistics and distribution services facilities in the United States. This facility expansion will enable Brightpoint to meet expected demand, expand its portfolio of products and services currently offered, improve operating efficiencies through the elimination of capacity constraints, mitigate the risk of business interruption by providing geographically diverse operations, and provide an optimal supply chain network for freight management services.
"The addition of these facilities will provide the infrastructure necessary to support our increasingly sophisticated services offering," stated J. Mark Howell, President Brightpoint Americas. "We believe our stable and growing U.S. business model and current commercial real estate market conditions, combined with our ample liquidity and favorable interest rates, present opportunities to increase our existing capacity and provide value to both customers and investors."
About Brightpoint, Inc.
Brightpoint, Inc. (Nasdaq:CELL) is a global leader in providing supply chain solutions to leading stakeholders in the wireless industry. In 2009, Brightpoint handled approximately 84 million wireless devices globally. Brightpoint's innovative services include distribution channel management, procurement, inventory management, 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 2,700 employees in more than 25 countries. In 2009, Brightpoint generated revenue of $3.2 billion. Brightpoint provides distribution and customized services to more than 25,000 B2B customers worldwide. Additional information about Brightpoint can be found on its website at , 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, including without limitation, the achievement and timing of Brightpoint's planned growth and anticipated need for increased capacity to serve its customers. 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. Investor Relations Tom Ward 317-707-2745 Media Relations Carolyn Manco 317-707-2276