Wireless Xcessories Group Inc. (NYSE:XWG)
Industry: Technology
Wireless Xcessories Group, Inc. is a provider of accessories to dealers, distributors, retailers, agents and airtime carriers throughout the United States and Canada. The Company also supports its customers with an assortment of value added services, including customized retail packaging, displays, posters, marketing, and sales training materials, and free e-commerce Websites. The Company has created a variety of product lines, totally over 4,000 items designed to appeal to the possible spectrum of wholesale buyers. Wireless Xcessories Group, Inc. sources, designs, creates, markets and sells a series of accessory product lines that appeal to all categories of wireless resellers. The bulk of the Company's lines are aftermarket accessories that its customers offer in lieu of original equipment manufacture (OEM) accessories sold by the cell phone manufacturers. The Company's product lines are called Standard, Platinum and Industrial Strength. During the year ended December 31, 2005, Wireless Xcessories Group, Inc. manufactured Blue Tooth hands free accessories. During 2005, the Company added new product lines, such as Apple-IPod Accessories, entertainment accessories, such as headsets and chargers for moving picture experts group layer-3 Audio (MP3) Players, and became a distributor for a new line of phones manufactured by homecast open protocol (Hop)-on MP3. The Company offers these items to phone manufacturers and major distributors under its name or as a private-labeled product. The Company also acts as a distributor for certain brand name products, such as Plantronics, Body Glove, and Nextel. Wireless Xcessories Group, Inc.'s customer base consists of more than 2,500 independent dealers from a one-location mall kiosk to multi-store retail franchisers covering 250 locations and more. In addition, the Company sells to some of the distributors of cell phones, computers, and infrastructure products. These distributors in turn resell to airtime carriers, mass retailers, and prepaid phone distributors.
As Of: 10/07 00:00 ET
*Quotes delayed by 20min.
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