EXHIBIT 99.1
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WIRELESS XCESSORIES GROUP AND INPHONIC ENTER INTO
SUPPLY AND DISTRIBUTION AGREEMENT
- WIRELESS XCESSORIES TO OFFER INPHONIC'S WIRELESS SERVICES TO ITS AFFILIATES -
- INPHONIC NAMES WIRELESS XCESSORIES AS A PREFERRED ACCESSORY SUPPLIER -
HUNTINGDON VALLEY, PA -- AUGUST 30, 2005 -- The Wireless Xcessories Group, Inc.
(AMEX: XWG), a nationwide manufacturer and distributor of electronic and
cellular accessories, and creator of private labeled websites for affiliates,
and InPhonic, Inc. (NASDAQ: INPC), a leading online seller of wireless products
and services, announced today a joint marketing and distribution agreement.
Under the agreement, Wireless Xcessories will offer InPhonic's services to its
1,000 private label website affiliates. This will allow these affiliates to
provide their customers with the opportunity to activate cell phone services on
any of the nation's largest wireless carriers. InPhonic has also agreed to make
Wireless Xcessories Group a preferred accessory supplier, charged with creating
accessory marketing programs for InPhonic's customers.
"Currently, our private labeled websites feature accessories for cell phones,
IPOD, MP3, and related devices," said Xxxxx Xxxx, Wireless Xcessories' CEO. "The
relationship with InPhonic now allows us to offer our affiliates the ability to
activate phones for Verizon Wireless, Cingular Wireless, Sprint, Nextel,
T-Mobile, Alltel, and others and further expands our product and service
offering. Affiliates can now offer the newest phones and a variety of airtime
services with no investment in inventory."
"The InPhonic arrangement allows our partners, who do not currently offer
wireless phones, to direct shoppers to their website for activation of a new
wireless phone anywhere in the United States providing another example of the
value-added services we provide our customers."
ABOUT INPHONIC
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Headquartered in Washington, D.C., InPhonic, Inc. (NASDAQ: INPC) is a leading
online seller of wireless services and products. InPhonic sells these services
and devices, and provides world-class customer service through websites that it
creates and manages for online businesses, national retailers, member-based
organizations and associations under their own brands. InPhonic also operates
Wirefly, a leading mobile phones and wireless plans comparison site that was
awarded "Best of the Web" by Forbes magazine in 2004. Today, InPhonic owns and
operates Liberty Wireless, a leading MVNO and can deliver a full range of
mobility solutions to enterprise clients through its Mobile Virtual Network
Enablement (MVNE) platform. In 2004, InPhonic was selected #1 company of the
year on the INC. 500 - Inc. Magazine's list of the fastest-growing privately
held companies in the United States. More recently, InPhonic was named
T-Mobile's Internet Partner of the Year for 2004. For more information on the
company, its products and services, visit the InPhonic Corporate Web site at
xxx.xxxxxxxx.xxx.
ABOUT WIRELESS XCESSORIES GROUP
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Wireless Xcessories Group, Inc. designs and distributes a range of accessories
for cellular phones throughout the United States and Canada. The Company offers
in excess of 4,000 items that include rechargeable batteries, personal and
vehicle hands free kits, portable and vehicle antennas, in-car and travel
chargers, and plain and colored carrying cases. The Company sells to dealers and
distributors through an in-house sales force and directly from its website,
xxx.xxxxxxxxxx.xxx. Wireless Xcessories also creates private labeled websites,
Industrial Cellular Xxxxxxxx.xxx, for its dealers and produces 2 product line
catalogs that are circulated nationally and internationally.
"SAFE HARBOR" STATEMENT - UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995, THIS PRESS RELEASE MAY CONTAIN FORWARD-LOOKING STATEMENTS THAT INVOLVE
RISKS AND UNCERTAINTIES. IMPORTANT FACTORS, WHICH COULD CAUSE ACTUAL OPERATING
RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS, ARE
DETAILED IN FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION MADE FROM TIME
TO TIME BY THE COMPANY. THIS PRESS RELEASE AND STATEMENTS ARE CURRENT AS OF THE
DATE OF THE INDIVIDUAL ANNOUNCEMENTS AND THE COMPANY UNDERTAKES NO OBLIGATION TO
PUBLICLY RELEASE ANY REVISIONS TO ANY FORWARD-LOOKING STATEMENT TO REFLECT
EVENTS OR CIRCUMSTANCES AFTER THE DATE THEREOF OR TO REFLECT THE OCCURRENCE OF
UNANTICIPATED EVENTS.
CONTACT:
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WIRELESS XCESSORIES GROUP
Xxx Xxxxxxxxxx, 000-000-0000 x 0000
or
CEOCAST FOR WIRELESS XCESSORIES GROUP
Xx Xxxxx, 212-732-4300
INPHONIC, INC.
Xxxxx Xxxxxxxx
000-000-0000
