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USHCC Congratulates Brightstar on Groundbreaking Deal; Company Becomes Global Leader in Wireless-Services Industry

WASHINGTON, Oct. 25, 2013 (GLOBE NEWSWIRE) -- The United States Hispanic Chamber of Commerce (USHCC) congratulates Brightstar, now the world's leading wireless distributor and services provider, for receiving $1.26 billion in new investments from SoftBank. Brightstar is a longstanding partner of the USHCC and the largest Hispanic-owned business in the history of the United States.

"Today, we live in the most interconnected time in human history. Advances in technology have put the world at our finger tips – all with the click of a button, the swipe of a screen, or the utterance of a word. None of this would be possible without industry leaders like Marcelo Cluare's Brightstar," said President & CEO Javier Palomarez. "The USHCC commends SoftBank for investing in the future, and we look forward to all the groundbreaking innovations Brightstar will bring to cell phone users, wireless operators and retailers throughout the globe."

With operation centers in over 50 locations across the globe, Brightstar delivers products and services to customers in more than 115 countries. In 2011, the USHCC honored Bightstar CEO Marcelo Claure with the "Hispanic Businessman of the Year Award," recognizing his visionary leadership as one of the highest-achieving business executives in the nation.

"SoftBank and Brightstar are transforming the wireless industry; this partnership is a testament to the entrepreneurial spirit of our community. At the end of the day, we are all American businesses, and our primary goal is to work together, dream bigger, and attain greater," said USHCC Chairman of the Board Marc Rodriguez. "This is a monumental partnership, and the USHCC couldn't be prouder of what Brightstar has accomplished."

About the USHCC

Founded in 1979, the USHCC actively promotes the economic growth and development of entrepreneurs and represents the interests of over 3.1 million Hispanic owned businesses nationwide that contribute in excess of $468 billion to the American economy each year. It also serves as the umbrella organization for more than 200 local chambers and business associations in the United States and Puerto Rico. For more information, visit www.USHCC.com

CONTACT: Valentina Pereda USHCC Director of Communications 202-489-2932Source:United States Hispanic Chamber of Commerce