Wireless Xcessories Group Signs Four New Franchisees with Over 400 Locations
October 06 2005 - 9:15AM
Business Wire
The Wireless Xcessories Group, Inc. (AMEX:XWG), a nationwide
manufacturer and distributor of electronic and cellular accessories
and creator of private labeled websites for affiliates, announced
today that it has signed accessory supply agreements with four
large wireless multi store retailers and franchising groups. Under
the agreements, Wireless Toyz, Wireless Giant, Yakety Yak and All
Star Wireless, with over 400 store locations combined, will sell
the Company's electronic and cellular accessories throughout the
U.S. These four groups expect to double their number of retail
locations within the next 24 months. In addition to offering its
broad line of accessories, Wireless Xcessories will provide these
companies with hosted web sites, which can allow their customers to
purchase products via the Internet. The Company will fulfill those
orders on behalf of their franchisees, allowing them to provide
shoppers with a broader line of accessories than can be stocked
directly in stores. These include IPOD, MP3 and related devices.
"The signing of these new agreements represents a continuation of
our strategy to penetrate the market segment of multi store
wireless retailers, which is the fastest growing segment of the
wireless dealer market," said Steve Rade, Wireless Xcessories' CEO.
"With our innovative product line, free value added services, and a
variety of web-based cell phone and accessory fulfillment options,
our multi-store retailers and franchisors have the ability to offer
their customers the broadest range of cellular and electronic
accessories and services." About Wireless Xcessories Group Wireless
Xcessories Group, Inc. designs and distributes a range of
accessories for cellular phones throughout the United States and
Canada. The Company offers in excess of 4,000 items that include
rechargeable batteries, personal and vehicle hands free kits,
portable and vehicle antennas, in-car and travel chargers, and
plain and colored carrying cases. The Company also offers dealers
the ability to activate phones online for all nationwide airtime
carriers such as Verizon. Sprint, Cingular, Nextel and T-Mobile.
The Company sells to dealers and distributors through an in-house
sales force and directly from its website, www.wirexgroup.com.
Wireless Xcessories also creates free private labeled websites,
Industrial Cellular Strength.com, for its dealers and produces
product line catalogs that are circulated nationally and
internationally. "Safe Harbor" Statement - Under the Private
Securities Litigation Reform Act of 1995, this press release may
contain forward-looking statements that involve risks and
uncertainties. Important factors, which could cause actual
operating results to differ materially from those in the
forward-looking statements, are detailed in filings with the
Securities and Exchange Commission made from time to time by the
Company. This press release and statements are current as of the
date of the individual announcements and the Company undertakes no
obligation to publicly release any revisions to any forward-looking
statement to reflect events or circumstances after the date thereof
or to reflect the occurrence of unanticipated events.
Wireless Xcessories (AMEX:XWG)
Historical Stock Chart
From Apr 2024 to May 2024
Wireless Xcessories (AMEX:XWG)
Historical Stock Chart
From May 2023 to May 2024