Wireless Xcessories Group and InPhonic Enter Into Supply and Distribution Agreement; Wireless Xcessories to Offer InPhonic's Wir
August 31 2005 - 10:00AM
Business Wire
The Wireless Xcessories Group, Inc. (AMEX:XWG), a nationwide
manufacturer and distributor of electronic and cellular
accessories, and creator of private labeled websites for
affiliates, and InPhonic, Inc. (NASDAQ: INPC), a leading online
seller of wireless products and services, announced today a joint
marketing and distribution agreement. Under the agreement, Wireless
Xcessories will offer InPhonic's services to its 1,000 private
label website affiliates. This will allow these affiliates to
provide their customers with the opportunity to activate cell phone
services on any of the nation's largest wireless carriers. InPhonic
has also agreed to make Wireless Xcessories Group a preferred
accessory supplier, charged with creating accessory marketing
programs for InPhonic's customers. "Currently, our private labeled
websites feature accessories for cell phones, IPOD, MP3, and
related devices," said Steve Rade, Wireless Xcessories' CEO. "The
relationship with InPhonic now allows us to offer our affiliates
the ability to activate phones for Verizon Wireless, Cingular
Wireless, Sprint, Nextel, T-Mobile, Alltel, and others and further
expands our product and service offering. Affiliates can now offer
the newest phones and a variety of airtime services with no
investment in inventory." "The InPhonic arrangement allows our
partners, who do not currently offer wireless phones, to direct
shoppers to their website for activation of a new wireless phone
anywhere in the United States providing another example of the
value-added services we provide our customers." About InPhonic
Headquartered in Washington, D.C., InPhonic, Inc. (NASDAQ:INPC) is
a leading online seller of wireless services and products. InPhonic
sells these services and devices, and provides world-class customer
service through websites that it creates and manages for online
businesses, national retailers, member-based organizations and
associations under their own brands. InPhonic also operates
Wirefly, a leading mobile phones and wireless plans comparison site
that was awarded "Best of the Web" by Forbes magazine in 2004.
Today, InPhonic owns and operates Liberty Wireless, a leading MVNO
and can deliver a full range of mobility solutions to enterprise
clients through its Mobile Virtual Network Enablement (MVNE)
platform. In 2004, InPhonic was selected #1 company of the year on
the Inc. 500 - Inc. Magazine's list of the fastest-growing
privately held companies in the United States. More recently,
InPhonic was named T-Mobile's Internet Partner of the Year for
2004. For more information on the company, its products and
services, visit the InPhonic Corporate Web site at
www.inphonic.com. About Wireless Xcessories Group Wireless
Xcessories Group, Inc. designs and distributes a range of
accessories for cellular phones throughout the United States and
Canada. The Company offers in excess of 4,000 items that include
rechargeable batteries, personal and vehicle hands free kits,
portable and vehicle antennas, in-car and travel chargers, and
plain and colored carrying cases. The Company sells to dealers and
distributors through an in-house sales force and directly from its
website, www.wirexgroup.com. Wireless Xcessories also creates
private labeled websites, Industrial Cellular Strength.com, for its
dealers and produces 2 product line catalogs that are circulated
nationally and internationally. "Safe Harbor" Statement - Under the
Private Securities Litigation Reform Act of 1995, this press
release may contain forward-looking statements that involve risks
and uncertainties. Important factors, which could cause actual
operating results to differ materially from those in the
forward-looking statements, are detailed in filings with the
Securities and Exchange Commission made from time to time by the
Company. This press release and statements are current as of the
date of the individual announcements and the Company undertakes no
obligation to publicly release any revisions to any forward-looking
statement to reflect events or circumstances after the date thereof
or to reflect the occurrence of unanticipated events.
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