CARROLLTON, TEXAS, July 25, 2002 - CellStar Corporation (NASDAQ: CLST), a global value-added wireless logistics services leader, today announced that it has entered into an agreement with online retailer Amazon.com`s Cell Phones and Services store (www.amazon.com/cellphones) to provide turnkey, direct-to-consumer fulfillment for its cell phones and accessories.
CellStar is currently providing Amazon.com with fulfillment services for its complete line of cell phones and accessories. CellStar has been fulfilling cell phones and accessory orders for Amazon.com since November 2000.
"CellStar is proud that Amazon.com`s Cell Phone store continues to rely on us for an important part of its business," said Timmy Monico, vice president of U.S. sales for CellStar. "Our business relationship with Amazon.com is extremely important to us, and we are confident we will continue to meet the company`s expectations for efficient, customer-oriented service."
"At Amazon.com`s Cell Phones and Services store, customers can find, discover and buy cell phones and accessories from Web-enabled handsets to the coolest flip phones and hands-free accessories," said Dan Rose, director of merchandise management for Amazon.com`s Cell Phones and Services store. "CellStar`s specialized expertise in shipping cell phones will continue to help us deliver the best out-of-box experience to our customers."
About Amazon Cell Phones & Services
The Amazon Cell Phones & Services store offers customers an easy way to find, discover and buy cell phones, accessories and services from leading brands and offers everything from the latest cell phone model to hands-free kits to pre-paid service plans. To help customers choose from this large selection, Amazon Cell Phones and Services provides detailed buying guides and expert product reviews. These, combined with candid comments and ratings from people who have bought and used the products, make it easy for shoppers to choose the right phones and service plans for their needs.
About CellStar Corporation
CellStar Corporation is a leading global provider of distribution and value-added logistics services to the wireless communications industry, with operations in Asia-Pacific, North America, Latin America and Europe. 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. In many of its markets, CellStar provides activation services that generate new subscribers for its wireless carrier customers. For the year ended November 30, 2001, the Company generated revenues of $2.4 billion. Additional information about CellStar may be found on its Web site at 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 improve its operating margins, secure adequate financial resources, 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 and other risk factors, are discussed in the Company`s Annual Report on Form 10-K and most recent Form 10-Q, which are on file with the SEC. Any 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.
Contact: Stephen P. Adams 972-466-5031
Alicia Thomas 972-401-7798