BURNABY, BC, Sept. 13, 2012 /CNW/ - GLENTEL Inc. is pleased to announce
its Cellular Phone Kiosk license agreement with Costco Wholesale Canada
Ltd. (Costco) has been extended for an additional period of 2 years,
effective September 2, 2012.
The agreement renewed by Costco grants GLENTEL an exclusive right to
operate kiosks offering smartphones, accessories, and Costco-approved
wireless devices within all Costco warehouses in Canada. The original
agreement was entered into between GLENTEL Inc. and Costco Wholesale
Canada Ltd. on July 31, 2007.
GLENTEL (TSX: GLN) is the largest independent multi-carrier mobile phone
retailer in Canada and a leading provider of innovative and reliable
telecommunications services and solutions in North America. Founded in
1963 and headquartered in Burnaby, BC, Canada, GLENTEL comprises three
operating divisions - Retail Canada, Retail U.S. and Business - that
service thousands of consumers and commercial communications customers.
The company operates over 540 corporate stores with more than 330
locations in Canada located nationally in retail malls, Costco
Wholesale stores, and business centres; and more than 210 retail
locations in the United States. GLENTEL offers a choice of network
carrier and wireless device or mobile phone to Canadian consumers and
offers the family of wireless products and services of Verizon Wireless
as one of Verizon Wireless' select six National Premium Retailers in
the United States. GLENTEL operates its business under the trading
names Glentel Wireless, WIRELESSWAVE, WAVE SANS FIL, Tbooth wireless,
la cabine T sans fil, WIRELESS etc., WAVE SANS FIL etc., Mac Station,
and Diamond Wireless - a Verizon National Premium Retailer in the U.S.
Statements in this release relating to matters that are not historical
fact are forward-looking statements based on current expectations,
forecasts and assumptions that involve risks and uncertainties that
could cause actual outcomes and results to differ materially. Factors
that could cause or contribute to such differences include, but are not
limited to, general economic conditions, changes in technology,
reliance on third-party manufacturing, managing rapid growth, limited
intellectual property protection, and other risks and uncertainties
described in GLENTEL's public filings with securities regulatory
NO STOCK EXCHANGE, SECURITIES COMMISSION, OR OTHER REGULATORY AUTHORITY
HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.
SOURCE: Glentel Inc.
For further information:
Investor Relations Contact:
Jas Boparai, Chief Financial Officer
For a copy of GLENTEL's annual report or for additional information visit www.glentel.com or www.sedar.com.