Former Vice Chairman of Borders Group, Bruce Quinnell
Joins PCCI Board of Directors
FORT WORTH, Texas, Dec. 2 /PRNewswire-FirstCall/ -- Progressive Concepts Communications, Inc. (PCCI), parent of Texas-based wireless and consumer electronics retailer Hawk Electronics and publicly held Teletouch Communications, Inc. (Amex: TLL) announced today that Bruce Quinnell, previous vice chairman, president and COO of Borders Group, Inc. (NYSE: BGP) was recently elected to the board of directors for a one year term.
"Bruce brings to PCCI the extensive knowledge and experience that comes from leading a fast growing Fortune 1000 retail company," stated Robert McMurrey, Chairman of PCCI. "We have already seen the positive impact that Bruce has made working with our Hawk Electronics group, by adding new, higher margin product sets and modernizing our store layouts. I look forward to his strategic views and advice as we work to grow Hawk and Teletouch Communications together."
From April 1999 to February 2002, Mr. Quinnell served as Vice Chairman of Borders Group, Inc., after having guided the company as President and Chief Operating Officer from January 1997 to April 1999. Prior, he was the President and Chief Operating Officer of Waldenbooks, the largest mall based chain of bookstores in the U.S., with over 900 locations in all 50 states. Mr. Quinnell is currently active as a senior management consultant to the retail industry, and serves on the boards of Hot Topic, Inc. (Nasdaq: HOTT), a high growth, teen-oriented retail chain, and Reading Is Fundamental, a national non-profit group that develops and delivers children's and family literacy programs.
Bruce Quinnell said, "Hawk Electronics and Teletouch have outstanding growth potential in the markets they serve. I am delighted to be able to work with the individuals on this Board and the management teams of the PCCI companies."
About Progressive Concepts Communications, Inc.
Ft. Worth based Progressive Concepts Communications, Inc. (PCCI) is a private company holding controlling interests in a number of operating entities, the largest consisting of publicly held Teletouch Communications, Inc. (Amex: TLL), and privately held Progressive Concepts, Inc., the operator of Hawk Electronics retail stores. More information about Progressive Concepts, Inc. can be found at the company's web site: http://www.hawkpci.com.
About Hawk Electronics
Progressive Concepts, Inc., operating as Hawk Electronics offers a full range of consumer electronics, including Cingular Wireless, DISH Satellite Systems, Home Theater systems, Home and Commercial Security, custom installed Auto Navigation, Stereo and Video systems through thirteen stores in Dallas/Ft. Worth and San Antonio, Texas. Hawk is a multifaceted marketing, sales, installation and service organization with over three hundred-fifty employees in Texas. More information about Hawk Electronics and Progressive Concepts, Inc. can be found at the company's web site: http://www.hawkelectronics.com.
About Teletouch Communications, Inc.
Teletouch Communications provides cellular products, wireless messaging, telemetry and two-way radio communications services to customers using over 250,000 wireless devices in nine states, including Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Oklahoma, Tennessee and Texas. Teletouch sells cellular/PCS service under four major agreements with Cingular Wireless, ATT Wireless, Telecorp Communications, Inc. (as SunCom), and Leap Wireless, Inc. (as Cricket), and focuses on providing services in smaller, fast growing metropolitan markets where it believes there is less competition and more opportunity for internal growth than in larger metropolitan areas. Teletouch's common stock is traded on the American Stock Exchange under the stock symbol TLL. More information about Teletouch's cellular and wireless services can be found at the company's web site: http://www.teletouch.com. Additional financial information on Teletouch is available at the Internet web address: http://www.irinfo.com/tll
Certain statements and projections contained in this press release, including, without limitation, statements containing the words "expects," "plans," "anticipates," "believes," "growth potential," or words of similar import, constitute "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this press release which are not historical fact are forward-looking statements that involve risks and uncertainties including, but not limited to, services provided, pricing by competitors, entry of new competitors, changes in the consumer electronics and wireless communications industries, regulatory approvals and developments and other risks detailed in current filings with the Securities and Exchange Commission, including Teletouch's most recently filed Annual Report on Form 10-K (copies of which may be accessed through the SEC's web site at http:\\www.sec.gov), that could cause actual future results and events to differ materially from those currently anticipated. Readers are cautioned not to place undue reliance on these forward-looking statements projections.
CONTACT: Robert M. McMurrey, Chairman & CEO Progressive Concepts Communications, Inc. Telephone: 817.429.0432 Make Your Opinion Count - Click Here
/CONTACT: Robert M. McMurrey, Chairman & CEO of Progressive Concepts Communications, Inc. +1-817-429-0432/
/Web site: http://www.hawkpci.com http://www.teletouch.com http://www.irinfo.com/tll /
(TLL HOTT BGP)
CO: PCCI; Teletouch Communications, Inc.; Hawk Electronics ST: Texas IN: CPR CSE REA TLS SU: PER -0- Dec/02/2002 15:20 GMT