FORT WORTH, Texas--(EON: Enhanced Online News)--Teletouch Communications, Inc. (OTCBB: TLLE), a leading U.S. wireless services, cellular, consumer electronics and public safety equipment distributor, today announced that Parrot, Inc., the U.S. subsidiary of Parrot S.A. (NYSE Euronext Paris: PARRO), and a global leader in wireless devices for mobile phones, recently signed a new distribution agreement appointing Teletouch’s wholly-owned subsidiary, Progressive Concepts, Inc. dba PCI Wholesale as the sole preferred regional distributor for the states of Texas, Oklahoma, Arkansas & Louisiana. PCIW now carries a full line of Parrot® Bluetooth® hands-free products for sale to approved dealers in the contracted territory.
“Parrot products have been a mainstay in our Bluetooth wireless lineup for many years and we could not be happier than to better solidify our relationship with Parrot”
Peter George, Vice President of Sales and Marketing for Parrot USA, stated, “We are pleased to announce our new sole preferred regional distributor relationship with PCI Wholesale. This agreement further deepens and strengthens the long standing association Parrot has had with PCI Wholesale for many years. Even before becoming our preferred regional distributor, we have had a long history with PCI and with this new agreement now in place, look to expand the sales of Parrot products within the territory.”
“Parrot products have been a mainstay in our Bluetooth wireless lineup for many years and we could not be happier than to better solidify our relationship with Parrot,” added T.A. “Kip” Hyde, Jr., President and COO of Teletouch, and CEO of Progressive Concepts. “Parrot has always been a leader and innovator in Bluetooth connectivity solutions. Nothing could highlight this more than their new Asteroid line of Bluetooth car stereos. In addition to quality sound, Asteroid affords users web service apps, voice recognition and hands-free calling. With more and more states enacting hands-free driving laws, we see continued growth in this category.”
Parrot, a global leader in wireless devices for mobile phones, stands on the cutting edge of innovation. The company was founded in 1994 by Henri Seydoux as part of his determination to drive the inevitable breakthrough of mobile phones into everyday life by creating high-quality, user-friendly wireless devices for easy living. Parrot has developed the most extensive range of hands-free systems on the market for cars. Its globally recognized expertise in the fields of mobile connectivity and multimedia around Smartphones has positioned Parrot as a key player of in-car infotainment. Additionally, Parrot designs and markets an exclusive ‘Parrot by’ range, consisting of a prestigious line of high-end wireless multimedia products in collaboration with some of the world’s most well-renowned artists; and the AR.Drone, the first quadricopter piloted via Wi-Fi and using augmented reality.
Parrot, headquartered in Paris, currently employs more than 650 people worldwide and generates the majority of its sales overseas. Parrot is listed on NYSE Euronext Paris since 2006 (FR0004038263: PARRO). For more information: www.parrot.com / www.ardrone.com / www.parrotoem.com.
About Teletouch Communications
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 (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 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.