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CellStar Signs Distribution Agreement With PalmCARROLLTON, Texas, Sept. 12 /PRNewswire-FirstCall/ -- CellStar (OTC Pink Sheets: CLST), a value-added wireless logistics services leader, today announced that it has signed a distribution agreement with Palm, Inc. to distribute the award-winning Palm(R) Treo(TM) smartphones throughout the U.S. "Palm is synonymous with quality and technological advancements, and Treo smartphones are powerhouse smart devices tailor made for today's technology savvy, on-the-go wireless consumer," said Maria Hernandez, vice president of product development for CellStar. "This is exactly the type of feature-rich product that our MVNO and mid-tier carriers want to make available to their customers." Palm Treo smartphones make it easier than ever for mobile professionals to stay connected. By combining a compact, full-featured mobile phone with email, an organizer, messaging and web access capabilities,(1) Treo smartphones let users organize and simplify their business and personal lives all in one place. More information can be found at http://www.palm.com/treo . About CellStar CellStar Corporation is a leading provider of value-added logistics services to the wireless communications industry, with operations in the North American and Latin American regions. 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. CellStar also provides activation services in some of its markets that generate new subscribers for wireless carriers. Additional information about CellStar may be found on its Web site at http://www.cellstar.com/ . CellStar Legal Notice Regarding Forward-Looking Statements 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 implement its business strategies, to maintain its channels of distribution, continue to secure an adequate supply of competitive products on a timely basis and on commercially reasonable terms, improve its operating margins, secure adequate financial resources, maintain an adequate system of internal control, 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, terrorist acts, a decline in consumer confidence and continued economic weakness in the U.S. and other countries in which the Company does business and other risk factors, are discussed in the Company's Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q. Any one, or a 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. (1) Within wireless service coverage area only. Availability and coverage depends upon carrier and the geographic scope of international roaming agreements. Email, messaging and web access requires data services from a mobile service provider at an additional cost. ISP may also be required. Palm and Treo are among the trademarks or registered trademarks owned by or licensed to Palm, Inc. All other brand and product names are or may be trademarks of, and are used to identify products or services of, their respective owners. CellStar Corporation CONTACT: Sherrian Gunn, +1-972-466-5031, or [email protected] , or AliciaThomas, +1-972-462-2730, or [email protected] , both of CellStarCorporation Web site: http://www.cellstar.com/http://www.palm.com/treo |