BURNABY, BC, April 30, 2013 /CNW/ - GLENTEL Inc. (TSX: GLN) announced today
the opening of the Marikina ALLPHONES store in Manila, Philippines, by its
Retail Australia Division, AMT Group Pty, dba ALLPHONES. AMT operates 200
retail mobile phone stores nationwide in Australia.
AMT Group Pty has entered into a Retail Management Services (RMS) agreement
with Tao Corporation (TAO), Makati City, Philippines, to initially open up to
250 mobile phone stores in Manila and surrounding islands of the Philippines.
"The opening of our Marikina ALLPHONES store marks a significant milestone for
our AMT Group as Marikina is our first retail outlet outside of Australia,"
stated Shaun Colligan, Managing Director of GLENTEL's AMT Group Pty. "The
prospect of having up to 250 outlets in the Philippines is one that not only
provides a huge new opportunity for our people but also allows a new and
exciting growth avenue for the Group."
"This is a wonderful opportunity for our AMT Group and our Australia
management team to expand into Southeast Asia, providing our retail management
services expertise and leveraging our proprietary mobile phone retail system
in the Philippines with Tao Corporation," stated GLENTEL's President and Chief
Executive Officer, Thomas Skidmore.
The RMS agreement commits AMT to license its ALLPHONES brand and store design
to the project. Under an IP and Technology transfer agreement, AMT also agrees
to deliver software, technology and consultation to TAO to support the
management of the new retail store network. AMT will set up a training
academy in Manila with TAO to train the retail team on the AMT sales and
service culture and the technology deployed by AMT to effectively manage and
grow the postpaid mobile phone business. The population of the Philippines is
95 million, with over 20 million people living in the Greater Manila area. The
majority of mobile phones in the Philippines are purchased with a prepaid
plan, whereas the new retail stores will be located in malls and power centres
selling mobile phones activated on higher-margin postpaid plans and
Celebrating its 50(th) anniversary in 2013 and based in Burnaby, BC, Canada,
GLENTEL (TSX: GLN), is the largest independent multi-carrier mobile phone
retailer in Canada and Australia. In the United States, GLENTEL operates two
of the six National Premium Retailers for Verizon Wireless. GLENTEL is a
leading provider of innovative and reliable wireless communications services
and solutions, offering a choice of network carrier and wireless or mobile
products to consumers and commercial customers.
GLENTEL's brands - GLENTEL Wireless, WIRELESSWAVE, WAVE SANS FIL, Tbooth
wireless, la cabine T sans fil, WIRELESS etc.., SANS FIL etc., Mac Station,
iStation, Diamond Wireless, Wireless Zone® and ALLPHONES - span four
countries and three continents. The Company employs over 3,800 employees and
operates more than 1,200 locations, including more than 360 locations in
Canada located in retail malls, Costco Wholesale stores, Target stores, and
business centres; more than 630 retail locations in the United States; and 200
retail locations in Australia and the Philippines. Target Canada has licensed
GLENTEL to open and operate in 2013 more than 120 mobile communications sales
and service kiosks within its stores, under the brand Target® Mobile, of
which 24 are now open.
Statements in this release relating to matters that are not historical fact
are forward-looking statements based on current expectations, forecasts and
assumptions that involve risks and uncertainties that could cause actual
outcomes and results to differ materially. Factors that could cause or
contribute to such differences include, but are not limited to, general
economic conditions, changes in technology, reliance on third-party
manufacturing, managing rapid growth, limited intellectual property
protection, and other risks and uncertainties described in GLENTEL's public
filings with securities regulatory authorities.
NO STOCK EXCHANGE, SECURITIES COMMISSION, OR OTHER REGULATORY AUTHORITY HAS
APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.
Investor Relations Contact: Jas Boparai, Chief Financial Officer GLENTEL
Inc. 604.415.6500 firstname.lastname@example.org
Media Contact: Lois Grierson GLENTEL Inc. 604.415.6500
For a copy of GLENTEL's annual report or for additional information
SOURCE: Glentel Inc.
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