Brightpoint and Virgin Mobile USA Extend Integrated Logistics Services Agreement

Tue Jul 10 05:30:00 2007

PLAINFIELD, Ind.--(BUSINESS WIRE)--Brightpoint, Inc. (NASDAQ:CELL) announced today that its subsidiary, Brightpoint North America L.P. ("Brightpoint"), has extended its services agreement with Virgin Mobile USA, LLC ("Virgin Mobile USA") through April 2012. Under this agreement, Brightpoint will continue to provide Virgin Mobile USA with inventory management, packaging, retail and end-user fulfillment, and returns management services.

“We are happy to extend our services agreement with Virgin Mobile USA and look forward to providing them with a full range of customized logistic services as they continue to grow their subscriber base in the U.S.,” stated J. Mark Howell, President of Brightpoint, Inc. and Brightpoint Americas. “We believe our skill-set and expertise in wireless logistics offers a compelling value proposition to Virgin Mobile USA and their customers.”

“We have enjoyed a close partnership with Brightpoint and Brightpoint Americas since we first launched in 2002. We have been pleased with the way that they have changed their logistic services as our needs changed,” said Tim Evans, Vice President of Handset Planning and Operations, Virgin Mobile USA.

About Virgin Mobile USA, LLC:

The nation's leading wireless youth network, Virgin Mobile USA provides more than 4.8 million customers with control, flexibility and choice in wireless service, rich data content and innovative products without annual contracts. Voice pricing plans range from monthly options with unlimited nights and weekends to by-the-minute offers, allowing consumers to adjust how and what they pay according to their needs. Virgin Mobile's full slate of smart, stylish and affordable handsets, including the popular Switch_Back and Slice, are available at top retailers in more than 35,000 locations nationwide and online at www.virginmobileusa.com, with Top-Up cards available at more than 130,000 locations.

Virgin Mobile USA’s national coverage is powered by the Sprint Nationwide PCS Network, and the company, which launched in 2002, is a joint venture between Sir Richard Branson's Virgin Group and Sprint Nextel. J.D. Power and Associates has ranked Virgin Mobile highest in customer satisfaction among wireless prepaid services, and its own customers report a 94% satisfaction rate. Virgin Mobile contributes 5% of profits from downloadable content to The RE*Generation, its pro-social initiative to help homeless teens, through donations to charitable partners or funding of programs that support and raise awareness for young people in need; and provides postage-paid return envelopes in every new package for customers to recycle old phones.

About Brightpoint, Inc.

Brightpoint, Inc. (NASDAQ:CELL) is a global leader in the distribution of wireless devices and in providing customized logistic services to the wireless industry. In 2006, Brightpoint handled 53.5 million wireless devices globally. Brightpoint's innovative services include distribution, channel development, fulfillment, product customization, eBusiness solutions, and other outsourced services that integrate seamlessly with its customers. Brightpoint's effective and efficient platform allows its customers to benefit from quickly deployed, flexible, and cost effective solutions. The company has approximately 2,100 employees in 15 countries. Revenue in 2006 was $2.4 billion and net income was $35.6 million. 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 Brightpoint files, from time to time, with the Securities and Exchange Commission; including, Brightpoint's most recent Form 10-K and Form 10-Q and Exhibit 99.1, 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. 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.

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