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News and Information Article
Milestone Marks Second Hispanic-Owned Company in US History to Exceed
$2 Billion in Sales
MIAMI, Jan. 12 // -- Brightstar Corp., a leading supply chain
management and mobile solutions company, announced today that it has exceeded
$2.2 billion in revenue for 2005.
A privately-held, minority-owned company, Brightstar is only the second
Hispanic-owned company in United States history to reach the $2.2 billion
mark. Founded in 1997, Brightstar has reached this milestone eight years
after inception.
Brightstar provides supply chain management, product distribution and
manufacturing services to over 15,000 network operators, retailers and
resellers in the wireless industry. Among Brightstars key relationships are
America Movil and Telefonica in Latin America, Telstra in Australia and
Verizon Wireless in the United States and Caribbean, among others.
Brightstar also represents leading global handset manufacturers such as
Kyocera, Motorola, Sagem and Samsung in many countries throughout the world.
Additionally, Brightstar represents and supports sales for a number of data
device manufacturers such as Palm & RIM in certain regions.
Brightstars market leadership has allowed the company to facilitate the
launch of new products and technologies. One of the largest success stories is
the fixed wireless products which Brightstar began manufacturing and selling
in 2002. Today, the company has sold over 1.2 million units and holds a
global leadership position in the sale of these devices.
According to Oscar Fumagali, Brightstars CFO, "Our success can be
attributed to our important strategic partnerships with manufacturers, strong
relationships with our customers and the ongoing support from our investors
and banking partners, all of whom have helped drive the companys growth and
expansion. But our ability to become a global success story in this amount of
time is due to Brightstars talented and committed team of professionals who
have built our organization to a $2.2 billion business."
About Brightstar
Brightstar Corp. is a leading distributor and provider of value added
supply chain services to the wireless telecom industry, and also designs and
manufactures products under licensing agreements with leading manufacturers.
Headquartered in Miami, FL, Brightstar has operations in Argentina, Australia,
Barbados, Bolivia, Brazil, Chile, Colombia, Costa Rica, the Dominican
Republic, Ecuador, El Salvador, Guatemala, India, Jamaica, Mexico, Paraguay,
Peru, Puerto Rico, Trinidad & Tobago, Uruguay, the U.S. and Venezuela. The
company serves over 160 network operators and 15,000 resellers, retailers and
agents around the world and also represents many of the worlds leading
wireless manufacturers. The company exceeded $2.2 billion in revenue in 2005.
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