GLENTEL Assumes Operations of BJ's Wireless Kiosks in U.S.
BURNABY, BC, Aug. 26, 2013 /CNW/ - GLENTEL Inc. (TSX: GLN) announced today that as of August 1, 2013, its U.S. subsidiary, Diamond Wireless, an exclusive Verizon Wireless National Premium Retailer, began managing and operating 154 kiosks in 12 U.S. states as part of its multi-year kiosk licensing agreement with BJ's Wholesale Club, Inc. ("BJ's). Verizon Wireless, under agreement with BJ's, has been operating the 154 wireless kiosks since 2006. As a National Premium Retailer for Verizon Wireless, Diamond Wireless, under a new agreement with BJ's, has agreed to manage and operate the existing wireless kiosks within BJ's and to open kiosks in other selected BJ's locations that currently do not offer smartphones. Smartphones and other wireless devices sold at the kiosks are activated by Diamond Wireless exclusively through Verizon Wireless, which offers America's largest 4G LTE network.
"We are delighted to commence our long-term exclusive kiosk licensing agreement with BJ's and look forward to a successful and rewarding relationship with BJ's," said Troy Crosland, Diamond Wireless' President and Managing Director. "Diamond Wireless' commitment to excellence, with first-rate customer service and product knowledge, should meet or exceed the expectations of BJ's club members."
Tom Skidmore, GLENTEL's President and CEO stated, "Under the leadership of Diamond Wireless, we anticipate our BJ's related sales to add approximately $110 to 125 million of top-line revenue and be accretive to earnings per share over the next twelve months. It is expected that the Diamond-BJ's kiosk stores will have similar financial performance to the Costco Wholesale Canada wireless kiosks managed by GLENTEL's Retail Canada Division under the WIRELESS etc… and SANS FIL etc…banners. Our partnership with BJ's is further evidence of GLENTEL's commitment to the U.S. smartphone market and our relationship with Verizon Wireless, our U.S. exclusive wireless carrier."
Celebrating its 50th 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, Diamond Wireless, Wireless Zone, and Allphones - span four countries and three continents. The Company employs over 3,800 employees and operates more than 1,300 locations including more than 400 locations in Canada located in retail malls, Costco Wholesale stores, Target Canada stores, and business centres; more than 750 retail locations in the United States; and more than 200 retail locations in Australia and the Philippines.
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.
SOURCE Glentel Inc.
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