BRIGHTSTAR SURPASSES $3 BILLION IN REVENUE
Company Solidifies Global Leadership Position, Reporting Nearly $3.1 Billion in Revenue in the Past 12 Months
MIAMI – September 26, 2006 – Brightstar Corp., the leading wireless distribution and supply chain solutions company in the world, announced today it has exceeded $3 billion in revenue in the past 12 months.
The $3 billion revenue milestone was originally projected to be reached by the end of 2006. The company achieved this goal four months earlier than predicted, with revenues of nearly $3.1 billion from August 2005 to August 2006.
According to the most recent listing of private companies by Forbes Magazine, this revenue level would firmly place Brightstar in the top 100 largest private companies in the United States.
Founded in 1997, Brightstar has received international attention for its phenomenal growth path and successful expansion, making it the largest wireless distribution and supply chain solutions company in the world based on revenues, profitability and infrastructure only 9 years after launching. Today, Brightstar operates sales and distribution facilities, manufacturing plants and retail outlets in over 30 countries throughout the world. The company has over 1,400 full time employees and serves more than 30,000 customers globally.
R. Marcelo Claure, president & CEO of Brightstar, said, “Our strong performance can be measured not only by our solid financial results, but by the strategic relationships we’ve forged with major manufacturers like Motorola and others, our lending financial partners, shareholders and most importantly our customers, who have been critical to driving the company’s growth and expansion. On behalf of our global team, I thank the people and organizations who have played an integral part in helping us reach this milestone and helped make us number one in the world in the wireless distribution and logistics industry.”
About Brightstar
Brightstar Corp. is the largest wireless distributor and supply chain solutions provider in the world. Headquartered in Miami, FL, Brightstar has facilities in over 30 countries, serving customers on six continents. The company provides solutions to over 220 network operators and 25,000 MVNOs, resellers, retailers and agents around the world and also represents many of the world’s leading wireless manufacturers. In 2005, Brightstar exceeded $2.25 billion in revenue. For more information, visit http://www.brightstarcorp.com
