BURNABY, BC, Oct. 4, 2012 /CNW/ - GLENTEL announced today that Target's new Canadian stores will offer guests the latest in wireless retail as the result of an agreement with GLENTEL Inc., Canada's largest independent multi-carrier mobile phone retailer. The agreement provides GLENTEL the opportunity to offer a choice of network carriers and an array of wireless devices to guests at the majority of Target locations set to open across Canada in 2013.
"We are proud to be selected by Target as the exclusive operator of its mobile communications products and services display fixtures at the majority of store locations across Canada," said Tom Skidmore, president and CEO, GLENTEL. "As Canada's largest independent multi-carrier mobile phone retailer, GLENTEL is well positioned and committed to delivering its premium wireless retail experience to Target's valued guests across Canada."
Under the agreement, Target Canada is licensing the operation of the mobile communication sales and services display fixtures within its stores to GLENTEL Inc. under the brand Target Mobile.
"Our goal is to bring the true Target brand shopping experience to Canada and this includes partnering with accomplished Canadian companies like GLENTEL to offer our guests the highest quality merchandise and exceptional service," said John Morioka, senior vice president, Merchandising, Target Canada. "This agreement means that our guests will have access to superior mobile communication products at great value when shopping at our stores." To date, Target has announced plans to open 125 stores across Canada starting in March/April 2013. In the near future, Target plans to announce additional store locations that will open starting in 2014 and beyond.
Minneapolis-based Target Corporation (NYSE:TGT) serves guests at 1,772 stores across the United States and at Target.com. The company plans to open its first stores in Canada in 2013. In addition, the company operates a credit card segment that offers branded proprietary credit card products. Since 1946, Target has given 5 percent of its profit through community grants and programs; today, that giving equals more than $3 million a week. For more information about Target's commitment to corporate responsibility, visit Target.com/hereforgood.
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 authorities.
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SOURCE: Glentel Inc.
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