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
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
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
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:
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
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
Robert M. McMurrey, Chairman & CEO
Progressive Concepts Communications, Inc.
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/CONTACT: Robert M. McMurrey, Chairman & CEO of Progressive Concepts
Communications, Inc. +1-817-429-0432/
/Web site: http://www.hawkpci.com
(TLL HOTT BGP)
CO: PCCI; Teletouch Communications, Inc.; Hawk Electronics
IN: CPR CSE REA TLS
-0- Dec/02/2002 15:20 GMT
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