Brightpoint Completes Acquisition of CellStar's U.S. and Miami-based Latin America Operations

On March 30, 2007, Brightpoint, Inc.'s wholly-owned subsidiaries, Brightpoint North America L.P. and Brightpoint Latin America, Inc., completed the acquisition of substantially all of CellStar's assets and liabilities related to its U.S. operations and its Miami-based Latin America business. CellStar's operations in Mexico and Chile and other businesses or obligations of CellStar Corporation were not included in the acquisition.

Acquisition Information

For additional information about Brightpoint and Brightpoint's acquisition of CellStar's U.S. and Miami-based Latin America Operations, please visit Brightpoint, Inc.'s web site, www.brightpoint.com.

CLST Holdings Information

In connection with the sale of substantially all of CellStar's assets and liabilities related to its U.S. operations, and its Miami-based Latin America business, CellStar Corporation changed its name to CLST Holdings, Inc. For information regarding CLST Holdings, Inc., please visit www.clstholdings.com.