Wednesday, April 4, 2012

Teletouch Communications, Inc. (TLLE) Subsidiary Inks Distribution Deal with Monster Digital

Teletouch Communications, a wireless telecommunications provider, today announced that it has signed a distribution agreement with Monster Digital®, an innovator and developer of advanced memory storage solutions. Per the agreement, Teletouch’s wholly owned subsidiary, Progressive Concepts Inc. dba PCI Wholesale (PCIW), will be the exclusive U.S. authorized distributor for the entire suite of Monster Digital’s SD and MicroSD memory cards.

Monster Digital President Mike Ridling said the agreement strengthens the company’s strategy to extend its reach into the rapidly growing wireless industry, and noted the evolution of mobile phone functionality.

“We are pleased to announce our distribution partnership with PCI Wholesale, which will play a pivotal role in our growth throughout the expanding multi-billion dollar U.S. wireless market. New smartphones from a variety of handset manufacturers are now the majority of new phones sold. Increased feature functionality, including much more robust photo and video capabilities are driving the need for high-quality, larger capacity, tough and durable flash data cards in mobile devices,” Ridling stated in the press release. “PCI Wholesale’s unique relationship to the cellular industry makes them well positioned to help us take full advantage of this high growth retail market opportunity.”

PCI Wholesale will offer the products under license of the Monster® brand. Monster’s Digital lineup includes its new 128GB “Vault” Series SD cards and 32GB “Bunker” Series MicroSD cards, which are waterproof and survivable in submersion in water for 30 minutes at a depth of 2.6 meters.

T.A. “Kip” Hyde, Jr., president and COO of Teletouch and CEO of Progressive Concepts, voiced his support of the launch and sales of Monster Digital’s products, as well as PCI Wholesale’s position in the mobile industry.

“The user need is there, and interest in MicroSD and SD card products is significantly growing in the wireless retail market, as smartphone handset memory needs are increasing geometrically. Monster Digital provides users with superior products to take advantage of all the benefits their mobile devices have to offer, including crystal clear HD video,” Hyde stated. “PCI Wholesale’s long history in the cellular industry, superior customer support and retail training capabilities will help to solidify Monster Digital’s position and penetration in this important market segment.”

For more information visit www.teletouch.com

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