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Consistent with our previous communications, we continue to make good progress on the establishment of the Business Services Center which will centralize certain business support (or back office) functions to be shared across all of our properties in the region. Our Business Services Center along with standardization across the EMEA region will result in the efficiencies, enhancements and best practices necessary to meet our cost and effectiveness objectives.
"Mr. Willman's appointment is an important step in Brightpoint's continuing investment in the EMEA region. Mr. Willman will be a significant catalyst for improved controls and the implementation of "best practices" within the region. The Company's commitment to a centralized Business Services Center will result in additional opportunities to improve financial controls and our financial performance throughout EMEA. Ryan has a very strong background in public company reporting, finance & accounting as well as a proven track record at Brightpoint," stated Anthony Boor, the company's Executive Vice President, Chief Financial Officer, Treasurer and Interim President, EMEA.
Mr. Willman joined Brightpoint in November 2005 as the SEC Reporting and Compliance Manager and was promoted to his current role of Director of Finance in November 2006. Before joining Brightpoint, he worked for Guidant Corporation as a Senior Financial Analyst and prior to that he spent five years in public accounting with Ernst & Young. Mr. Willman is a CPA, has a Masters in Accountancy from University of Notre Dame and a Bachelor's in Accounting from Indiana State University.
About Brightpoint, Inc.
Brightpoint, Inc. (Nasdaq:CELL) is a global leader in the distribution of wireless devices and in providing customized logistic services to the wireless industry. In 2008, Brightpoint handled approximately 84 million wireless devices globally. Brightpoint's innovative services include distribution, channel development, fulfillment, product customization, e-Business 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 2008 Brightpoint generated revenue of $4.6 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 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, including, but not limited to, statements regarding potential spending reductions resulting from the elimination and proposed elimination of positions and the streamlining of operations and its ability to achieve cost savings and debt reduction as part of its 2009 Spending and Debt Reduction Plan. 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.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Brightpoint, Inc.
CONTACT: Brightpoint, Inc. Anurag Gupta 317-707-2355 Anurag.gupta@brightpoint.com
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