QualityStocks News - Teletouch Communications Secures Agreement with Leading China Manufacture to Distribute UMX Branded Cellular Handsets

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Comprehensive distribution agreement signed with Unimax.

Based on initial customer interest, we expect significant multi-million dollar sales growth from this product line...

QualityStocks would like to highlight Teletouch Communications, a publicly traded cellular services provider and growing consumer electronics distributor. The company operates a chain of 15 retail and authorized agent stores under the “Teletouch” and “Hawk Electronics” brands, in conjunction with its direct sales force, call center operations, and various retail eCommerce websites. Through its wholly owned subsidiary, Progressive Concepts, Inc., Teletouch operates a national distribution business, PCI Wholesale, primarily serving Tier-1 (AT&T, T-Mobile, Verizon, Sprint) cellular carrier agents, Tier-2, Tier-3 and rural carriers, as well as auto dealers and smaller consumer electronics retailers.

In the company’s news yesterday,

Teletouch Communications, a leading U.S. wireless services, cellular, and consumer electronics distributor, announced this morning that it has signed a comprehensive distribution agreement with Unimax Communications, Inc., a subsidiary of Hong Kong-based telecom electronics manufacturer, Unimax Communications Corporation, to sell and distribute their UMX® branded mobile handsets.

Specializing in low cost, high quality Android®, CDMA, and WCDMA handsets, Unimax is one of the fastest growing handset manufacturers in China. The company’s ruggedized and waterproof MAXCombat and MAXArmadillo line of phones are built to military specifications and fully certified for the U.S. market. Teletouch is now officially a distributor for North America and plans to focus on rural carrier operators and providers.

“Unimax Communications has made significant inroads launching their products into the U.S., with a number of UMX handsets approved at Tier 1 networks in North America and available for purchase beginning October 2012. UMX handsets have also already been certified and launched at a number of rural and regional carriers,” stated T. A. “Kip” Hyde, Jr., President and COO of Teletouch. “Based on initial customer interest, we expect significant multi-million dollar sales growth from this product line, through our PCI Wholesale subsidiary, during the second-half of fiscal 2013.”

Dan Gannon, President of Unimax Communications, added, “Teletouch’s long history in both retail and wholesale cellular handset sales and distribution makes them the perfect choice for us to increase our penetration and growth throughout the United States, Canada and Mexico. We are pleased to work with this great team of professionals to support our continued worldwide growth.”

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This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.

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