CellStar Names New General Manager for North America Region
13 May 2005 - 9:30AM
PR Newswire (US)
CellStar Names New General Manager for North America Region
CARROLLTON, Texas, May 12 /PRNewswire-FirstCall/ -- CellStar
(NASDAQ:CLSTE), a value-added wireless logistics services leader,
today announced that N. Ross Buckenham has accepted the position of
General Manager, North America Region and will report directly to
the Chairman and CEO of CellStar. "Ross is a seasoned executive
with the background and experience to help us achieve our goal of
adding high value-added services and products to our portfolio to
complement our handset business," said Robert Kaiser, Chairman and
CEO of CellStar. "He will develop and execute marketing and sales
initiatives in the U.S. that will enable us to diversify our
portfolio and move to products and services that generate higher
margins." Mr. Buckenham's most recent position was President and
CEO for Weblink Wireless, Inc. He joined Weblink Wireless in 1996
as an Executive Vice President and served as President and Chief
Operating Officer from 1998 to 2000. During his tenure at Weblink
Wireless, Ross launched network alliances, strategic partnerships
and national retail distribution pacts with Motorola, Southwestern
Bell, GTE, WorldCom, Ameritech, Bell South, Verizon, Metrocall,
Excel, Radio Shack, Best Buy, Circuit City, OfficeMax, Target,
7-Eleven, Buy.com and Yahoo. He also developed and implemented a
new strategy which resulted in a significant improvement in
operating results and cash flow. Prior to Weblink Wireless,
Buckenham served as President and CEO for Touchstone Solutions,
Inc. and as President and CEO of Advanced Oxygen System, Inc. He
has a B.S. degree in Chemical Engineering from Canterbury
University in New Zealand and an M.B.A. from the Harvard Graduate
School of Business. About CellStar Corporation CellStar Corporation
is a leading global provider of value-added logistics services to
the wireless communications industry, with operations primarily in
the Latin American, North American and Asia-Pacific regions.
CellStar facilitates the effective and efficient distribution of
handsets, related accessories and other wireless products from
leading manufacturers to network operators, agents, resellers,
dealers and retailers. CellStar also provides activation services
in some of its markets that generate new subscribers for wireless
carriers. Additional information about CellStar may be found on its
Web site at http://www.cellstar.com/ . This news release contains
forward-looking statements, as defined in the Private Securities
Litigation Reform Act of 1995. A variety of risk factors, including
the Company's ability to implement its business strategies, to
maintain its channels of distribution, continue to secure an
adequate supply of competitive products on a timely basis and on
commercially reasonable terms, improve its operating margins,
secure adequate financial resources, maintain an adequate system of
internal control, comply with debt covenants, and continually turn
its inventories and accounts receivable, as well as changes in
foreign laws, regulations and tariffs, new technologies, system
implementation difficulties, competition, handset shortages or
overages, terrorist acts, a decline in consumer confidence and
continued economic weakness in the U.S. and other countries in
which the Company does business and other risk factors, are
discussed in the Company's Annual Report on Form 10-K and most
recent Quarterly Report on Form 10-Q. Any one, or a combination of
these risk factors could cause CellStar's actual results to vary
materially from anticipated results or other expectations expressed
in the Company's forward-looking statements. DATASOURCE: CellStar
Corporation CONTACT: Sherrian Gunn of CellStar Corporation,
+1-972-466-5031, or Web site: http://www.cellstar.com/
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