GLN buys 3 APPLE stores!GLENTEL acquires three Apple specialty stores in B.C.
BURNABY, BC, Dec. 19, 2011, 2011 (Canada NewsWire via COMTEX) --
GLENTEL Inc. (TSX: GLN) today announces the completion of the purchase of 80% of the outstanding common shares of Mac Station Technologies Inc., based in Vancouver, B.C. The sale and purchase agreement is effective November 30, 2011, for an undisclosed sum.
Mac Station is an authorized Apple Retail Specialist with three stores located in Vancouver, Burnaby, and Abbotsford, British Columbia.
Mac Station, an exclusive Apple dealer since 1993, offers business and consumer sales and service of Apple Mac, iPod, iPad, and iPhone products by its 45 Mac Station team members.
"We look forward to exciting growth opportunities as we partner with, and benefit from, the 18 years of Apple expertise of Harald Sinow, Mac Station"s co-founder and President," stated Cary Skidmore, GLENTEL"s Executive Vice President and Chief Marketing Officer.
"We are delighted to partner with GLENTEL, a national wireless mall retailer in Canada, with its strong retail banners of WIRELESSWAVE and Tbooth wireless," stated Harald Sinow, Mac Station"s President. "Building with our Mac Station team and GLENTEL, we now have the ability to grow our Mac Station store network showcasing the ultimate in Apple products and user experience with excellence."
About GLENTEL GLENTEL (TSX: GLN) is a leading provider of innovative and reliable telecommunications services and solutions in Canada and the United States. Founded in 1963 and headquartered in Burnaby, BC, GLENTEL comprises three operating divisions - Retail Canada, Retail U.S. and Business - that service thousands of consumers and commercial communications customers. The company operates more than 310 locations across Canada located in retail malls, Costco Wholesale stores, and business centers, as well as more than 185 retail locations in the United States. To its business and government customers, GLENTEL offers wireless service, rental equipment, satellite and terrestrial network systems, tower sites, and wireless asset monitoring. As the largest multi-carrier mobile phone retailer in Canada, it offers a choice of network carrier and wireless device or phone to Canadian consumers. GLENTEL operates its business under the trading names Glentel Wireless, WIRELESSWAVE, WAVE SANS FIL, Tbooth wireless, la cabine T sans fil, WIRELESS etc. and WAVE SANS FIL etc., and Diamond Wireless - Verizon National Premium Retailer in the U.S.
Forward-Looking Statements 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.
NO STOCK EXCHANGE, SECURITIES COMMISSION, OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.
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SOURCE: Glentel Inc.
Investor Relations Contact: Media Contact: Jas Boparai, Chief
Financial Officer GLENTEL Inc. 604.415.6500 investors@glentel.com Melanie
Mitchell GLENTEL Inc. 604.415.7002 melanie.mitchell@glentel.com To secure a copy
of GLENTEL"s annual report or for additional information visitwww.glentel.com
orwww.sedar.com.
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