INDIANAPOLIS, Jun 26, 2002 (BUSINESS WIRE) --
Brightpoint, Inc. (NASDAQ: CELL)
announced that it has received approval from its stockholders to amend the
Company's Certificate of Incorporation to effect a combination
("Reverse Split") of the Company's issued and outstanding Common
Stock on the basis of one (1) share of Common Stock for each seven (7)
shares of issued and outstanding Common Stock immediately before such
Reverse Split. The Company intends to effect the Reverse Split on
Thursday, June 27, 2002. In addition, the Company's three Class II
directors were re-elected and the stockholders ratified the Company's
appointment of Ernst and Young LLP as independent auditors for the fiscal
year ending December 31, 2002. Brightpoint is one of the world's largest
distributors of mobile phones. Brightpoint supports the global wireless
telecommunications and data industry, providing quickly deployed, flexible
and cost effective third party solutions. Brightpoint's innovative
services include distribution, channel management, fulfillment, eBusiness
solutions and other outsourced services that integrate seamlessly with its
customers. 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. These statements are only predictions and
actual events or results may differ materially. Please refer to the
documents the Company files, from time to time, with the Securities and
Exchange Commission; specifically, Brightpoint's most recent Form 10-K and
Exhibit 99, 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. These
risk factors include, without limitation, the ability of both parties to
perform under the contract. 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 |