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.
Investor Relations Contact: Jas Boparai, Chief Financial Officer GLENTEL
Inc. 604.415.6500 email@example.com
Media Contact: Lois Grierson GLENTEL Inc. 604.415.6500 firstname.lastname@example.org
For a copy of GLENTEL's annual report or for additional information
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