| [September 17, 2012] |
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Teletouch Announces Distribution Agreement with Unimax Communications for Sales of UMX Branded Cellular Handsets in North America
FORT WORTH, Texas --(Business Wire)--
Teletouch
Communications, Inc. (OTCBB: TLLE), a leading U.S. wireless
services, cellular and consumer electronics distributor, today announced
that it has entered into a comprehensive distribution agreement with Unimax
Communications, Inc., a subsidiary of Hong Kong-based telecom
electronics manufacturer, Unimax (News - Alert) Communications Corporation, to sell and
distribute their UMX® branded mobile handsets. Unimax is one of the
fastest growing handset manufacturers in China, specializing in low
cost, high quality Android®, CDMA and WCDMA handsets, including the new,
ruggedized and waterproof MAXCombat and MAXArmadillo line of phones.
Built to military specifications, these Android phones are fully
certified for the U.S. market, and will be available for delivery Fall
2012. Teletouch has been named as a distributor for North America, with
a focus on rural carrier operators and providers.
Rugged Waterproof Military Spec UMX MXE-635 MAXArmadillo (Photo: Business Wire)
"Unimax Communications has made significant inroads launching their
products into the U.S., with a number of UMX handsets approved at Tier 1
networks in North America and available for purchase beginning October
2012. UMX handsets have also already been certified and launched at a
number of rural and regional carriers," said T. A. "Kip" Hyde, Jr.,
President and COO of Teletouch. "Based on initial customer interest, we
expect significant multi-million dollar sales growth from this product
line, through our PCI (News - Alert) Wholesale subsidiary, during the second-half of
fiscal 2013."
Dan Gannon, President of Unimax Communications, Inc. stated,
"Teletouch's long history in both retail and wholesale cellular handset
sales and distribution makes them the perfect choice for us to increase
our penetration and growth throughout the United States, Canada and
Mexico. We are pleased to work with this great team of professionals to
support our continued worldwide growth."
Unimax Communications Corporation was founded in San Jose, California in
2008, with a related R&D center in Xi'an, China. All members of the
Unimax founding team received Ph.D. degrees in the U.S. and Japan and
have proven track records of industrial experience. The goal of Unimax
is to build a leading 4G broadband wireless technology company,
providing 4G chipsets to support both LTE (News - Alert) and WiMAX, and manufacturing
cost effective Android, CDMA and WCDMA handsets for distribution
worldwide. Unimax focuses on innovation and has invested heavily in
advanced research to develop its large patent portfolio.
About Teletouch Communications (News - Alert)
For over 48 years, Teletouch has offered a comprehensive suite of
wireless telecommunications solutions, including cellular, two-way
radio, GPS-telemetry and wireless messaging. Today, Teletouch is a
leading Authorized Services Provider and billing agent of AT&T
(NYSE: T) products and services to consumers, businesses and government
agencies, operating a chain of retail and authorized agent stores in
North and Central Texas under its "Hawk Electronics" brand, in
conjunction with its direct sales force, call center operations and
various retail eCommerce websites including: www.hawkelectronics.com,
www.hawkwireless.com
and www.hawkexpress.com.
Through its wholly owned subsidiary, Progressive Concepts, Inc.,
Teletouch operates a national distribution business, PCI Wholesale,
primarily serving Tier-1 (AT&T (News - Alert), T-Mobile, Verizon, Sprint) cellular
carrier agents, Tier-2, Tier-3 and rural carriers, as well as auto
dealers and smaller consumer electronics retailers, with product sales
and support available through www.pciwholesale.com
and www.pcidropship.com,
among other B2B oriented websites.
Teletouch's common stock is traded Over-The-Counter under stock symbol:
TLLE. Additional information about the Teletouch family of companies can
be found at www.teletouch.com.
All statements from Teletouch Communications, Inc. in this news release
that are not based on historical fact are "forward-looking statements"
within the meaning of the PSLRA of 1995 and the provisions of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. While the Company's
management has based any forward-looking statements contained herein on
its current expectations, the information on which such expectations
were based may change. These forward-looking statements rely on a number
of assumptions concerning future events and are subject to a number of
risks, uncertainties, and other factors, many of which are outside of
our control, that could cause actual results to materially differ from
such statements. Such risks, uncertainties, and other factors include,
but are not necessarily limited to, those set forth under the caption
"Risk Factors" in the Company's most recent Form 10-K and 10-Q filings,
and amendments thereto, as well as other public filings with the SEC
since such date. The Company operates in a rapidly changing and
competitive environment, and new risks may arise. Accordingly, investors
should not place any reliance on forward-looking statements as a
prediction of actual results. The Company disclaims any intention to,
and undertakes no obligation to, update or revise any forward-looking
statement.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi eid=50409837&lang=en

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