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| [April 11, 2012] |
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Cadence Acoustics Signs Distribution Agreement with Teletouch Subsidiary Progressive Concepts, Inc. for Central Region States of Texas, Oklahoma, New Mexico, 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 Cadence
Acoustics, Ltd. ("Cadence"), a leading designer and manufacturer of
a broad array of audio products for the automotive industry, recently
signed a new distribution agreement appointing Teletouch's wholly-owned
subsidiary, Progressive Concepts, Inc. dba PCI
Wholesale ("PCIW") as their Central Region Distributor exclusively
for the states of Texas, Oklahoma, New Mexico, Arkansas & Louisiana (the
"Territory"). PCIW now carries a full line of Cadence audio products,
including amplifiers, speakers, subwoofers, wire and component kits,
enclosures and accessories for sale to approved dealers in the Territory.
Cadence Acoustics - Subwoofer CAD_ZW1520KD4 (Photo: Business Wire)
Roy Starling (News - Alert), General Manager, Cadence Acoustics, stated, "As one of the
leading and oldest distribution companies for this market segment in the
region, PCI Wholesale provides outstanding dealer customer support, with
dedicated account executives, unique marketing programs, cross-channel
expertise and logistics know-how, making them the ideal partner for
Cadence, as we focus on building our brand and increasing sales of
Cadence products in the region."
"Cadence Acoustics has a strong following among our dealer customers
throughout the central region," said T.A. "Kip" Hyde, Jr., President and
COO of Teletouch, and CEO of Progressive Concepts. "For more than twenty
years, Cadence Acoustics has built exceptional car audio products, at
price points designed to appeal to virtually any end-users' wallet,
further helping to increase sell-through for our dealers. This new
relationship helps expand PCI (News - Alert) Wholesale's growing line-up of
high-quality automotive audio products. We are excited to add Cadence
Acoustics to our mobile aftermarket product lines."
Cadence offers a large array of car and mobile audio components
including amplifiers, speakers, sub-woofers, tweeters signal processors,
component kits and enclosures. The Cadence ZRS Smart Teh Series
Amplifiers feature exclusive state-of-the-art digital monitoring
systems. This data is displayed on the top mounted, easy to read,
stunning blue backlit LCD display, notifying the user of the amplifiers'
status at all times. Cadence produces product line series that include
Xenith, Flash, United, Momentum, CVL Euro, Daytona Competition,
S-Series, Pro Series and SeaAqua Marine. [Multi-media available]
About Cadence Acoustics
Whether you are an SPL boomer or sound quality fanatic, our mission at
Cadence has always been to build products that make your audio system
perform at its absolute best. Over the past 20 years, Cadence has earned
a reputation among car audio lovers for truly original designs and
innovations. Our business has grown exponentially with distribution in
over 20 countries worldwide. Our pledge to all our customers is this: to
take extraordinary measures, to create extraordinary products, to set no
limits. We will serve you with a consuming passion - and that's what
separates Cadence from the rest. More information about Cadence
Acoustics products can be found at www.cadencesound.com.
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=50234946&lang=en

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