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| [April 09, 2012] |
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Cerwin-Vega Mobile Signs Exclusive Distribution Agreement with Teletouch Subsidiary Progressive Concepts, Inc. for Central Region States of Texas, Oklahoma, Arkansas & Louisiana
FORT WORTH, Texas --(Business Wire)--
Teletouch
Communications, Inc. (OTCBB: TLLE), a leading U.S. wireless
services, cellular, consumer electronics and public safety equipment
provider, today announced that Cerwin-Vega
Mobile, a leading designer and manufacturer of a broad array of
acclaimed, high quality amplifier and speaker products for the
automotive industry, has signed an exclusive distribution agreement
appointing Teletouch's wholly-owned subsidiary, Progressive Concepts,
Inc. dba PCI
Wholesale ("PCIW") as their exclusive Central Region Distributor for
the states of Texas, Oklahoma, Arkansas & Louisiana (the "Territory").
Effective immediately, PCIW will carry for distribution a full line of
Cerwin-Vega's audio products, including amplifiers, speakers, subwoofers
and loaded enclosures for sale to approved dealers in the Territory.
Cerwin-Vega Loaded Enclosure (Photo: Business Wire)
Justin Miller, Cerwin-Vega Mobile Regional Manager, stated, "We are very
pleased to enter into this new relationship with PCI (News - Alert) Wholesale, a
thirty-plus year distribution veteran in the automotive aftermarket
products industry. PCIW's outstanding dealer support, unique marketing
capabilities and logistics abilities make them an ideal partner for
increasing sales of our products in the region."
"Cerwin-Vega designs and manufactures products to the very highest
standards available in the after-market automotive industry today," said
T.A. "Kip" Hyde, Jr., President and COO of Teletouch, and CEO of
Progressive Concepts. "Just as importantly, Cerwin-Vega Mobile works
hard to ensure the integrity of the distribution channel, both in terms
of product availability and pricing. Dealers can be assured of
maintaining their premium brand positions in their individual market
areas. We pledge to uphold the brand on behalf of all of our dealer
customers, while providing easier and more efficient ordering
capabilities, as well as special marketing opportunities for our dealers
and their customers."
Cerwin-Vega Mobile offers an award winning array of subwoofers,
amplifiers, speakers and special factory-tund loaded enclosures, at
affordable price points including the new H.E.D product series, as well
as higher end products including the Vega, VMAX, Stealth, Stroker and
Pro product lines. [Multi-media available]
About Cerwin-Vega Mobile
Founded by legendary aerospace engineer Gene Czerwinski in 1954,
Chandler, Arizona-based Cerwin-Vega Mobile was acquired in 2007 by car
audio guys dedicated to building innovative car audio products and only
car audio products ranging from the multi-patented Stroker Pro to the
more affordable Vega and H.E.D. series of products. The brand that Gene
built has introduced hundreds of innovative and award winning speaker
designs that have advanced the state-of-the-art for loudspeaker
applications in both home and mobile audio. Today Cerwin-Vega Mobile
continues to build the highest quality and award winning amplifier and
speaker products for the automotive industry. More information about
Cerwin-Vega Mobile products and the Vega Nation can be found at www.CerwinVegaMobile.com.
Get your Geek on!
About Teletouch Communications (News - Alert)
For over 47 years, Teletouch has offered a comprehensive suite of
wireless telecommunications solutions, including cellular, two-way
radio, GPS-telemetry and wireless messaging. Teletouch is a leading
Authorized Services Provider and billing agent of AT&T (News - Alert) (NYSE: T)
products and services to consumers, businesses and government agencies,
as well as an operator of its own two-way radio network and LTR systems
in Texas. Teletouch operates a chain of 20 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 including: www.hawkelectronics.com,
www.hawkwireless.com,
www.hawkexpress.com
and www.shop.teletouch.com.
Through its wholly owned subsidiary, Progressive Concepts, Inc.,
Teletouch operates a national distribution business, PCI Wholesale,
primarily serving large cellular carrier agents and rural carriers, as
well as auto dealers and smaller consumer electronics retailers, with
product sales and support available through www.pciwholesale.com
and www.pcidropship.com,
among other B2B oriented websites.
Teletouch's common stock is traded Over-The-Counter under stock symbol:
TLLE. Additional information about the Teletouch family of companies can
be found at www.teletouch.com.
All statements from Teletouch Communications, Inc. in this news release
that are not based on historical fact are "forward-looking statements"
within the meaning of the PSLRA of 1995 and the provisions of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. While the Company's
management has based any forward-looking statements contained herein on
its current expectations, the information on which such expectations
were based may change. These forward-looking statements rely on a number
of assumptions concerning future events and are subject to a number of
risks, uncertainties, and other factors, many of which are outside of
our control, that could cause actual results to materially differ from
such statements. Such risks, uncertainties, and other factors include,
but are not necessarily limited to, those set forth under the caption
"Risk Factors" in the Company's most recent Form 10-K and 10-Q filings,
and amendments thereto, as well as other public filings with the SEC (News - Alert)
since such date. The Company operates in a rapidly changing and
competitive environment, and new risks may arise. Accordingly, investors
should not place any reliance on forward-looking statements as a
prediction of actual results. The Company disclaims any intention to,
and undertakes no obligation to, update or revise any forward-looking
statement.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50231799&lang=en

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