Brightstar is the world’s largest specialized wireless distributor and a leading global services company, serving mobile device manufacturers, wireless operators and retailers.
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Mar 25, 2013
Realizes Record Revenue and Earnings
MIAMI – March 25, 2013 - Brightstar Corp., the world’s largest specialized wireless distributor, and leader in wireless services, today announced strong 2012 full year results including record revenue and earnings.
“Our Company reported its best annual financial performance posting record high revenue and earnings,” said Marcelo Claure, Chairman and CEO of Brightstar Corp. “2012 represented a historic year for our Company as we realized solid returns on our key strategic initiative to diversify from providing primarily distribution and supply chain services to offering a full suite of services and solutions across our various geographies.”
“I am excited about our compelling services offering as it positions us well to manage all aspects of the device lifecycle, enabling us to optimize the wireless value chain for our customers. Going forward, I am confident that we have the right foundation to continue our momentum as we maintain our disciplined approach to profitably growing our business,” he concluded.
Brightstar conducts business in various regions including: U.S./Canada; Latin America, Asia Pacific, Middle East and Africa (“APAC/MEA”), and Europe. The Company’s service offerings include value-added distribution, supply chain solutions, handset protection and insurance services, buy-back and trade-in solutions, multi-channel retail solutions and financial services.
Brightstar won significant new contracts in 2012 and in the first quarter of 2013. Additionally, the Company closed two key select acquisitions aimed at expanding and enhancing its global service offerings. A select number of these wins include:
Brightstar is the world’s largest specialized wireless distributor and a leading global services company, serving mobile device manufacturers, wireless operators and retailers, with a local presence on six continents. Brightstar’s industry-leading services include value-added distribution, supply chain solutions, handset protection and insurance services, buy-back and trade-in solutions, multi-channel retail solutions and financial services. Annual revenues were $6.3 billion for the period ended December 31, 2012. The company is ranked #58 on the Forbes 2012 List of America’s Largest Private Companies. Brightstar is also the largest Hispanic-owned business in the United States. For more information, please visit http://www.brightstarcorp.com.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to risks and uncertainties. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
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