Teletouch Appoints Timmy Monico as Wholesale Distribution Division Head
Teletouch Communications, Inc. (OTCBB: TLLE), a leading U.S. wireless services, cellular, consumer electronics and public safety equipment distributor, today announced the appointment of Timmy Monico as Vice President of Sales for its distribution unit, PCI Wholesale. A more than thirty-year veteran of the distribution and wireless industries, Monico brings a unique background to Teletouch. As the Vice President of Sales for CellStar USA, Monico was successful in building sales teams and channels that generated revenues in excess of $750 million annually. In his new role at Teletouch, Monico will be responsible for managing and expanding PCI Wholesale’s sales teams, national accounts and distribution channels.
After leaving CellStar in 2006, Monico has held top management positions at InfoSonics Corp (Nasdaq: IFON), Aerovoice Wireless, and most recently at U.K.-based Datawind, Ltd., a leading developer of affordable wireless web access products and services, where he was responsible for establishing global operations for the distribution and sales of groundbreaking low-cost PC tablets, initially developed for the government of India. Monico will be based out of Teletouch’s headquarters in Fort Worth, Texas.
“Timmy brings a broad perspective and deep experience to our sales organization. With his extensive and intimate knowledge of the U.S. wireless carrier and related retail markets, as well as capability in building dealer sales channels and successful management structures, Timmy’s skills will play a key role in expanding our distribution sales, both domestically and internationally," stated T. A. “Kip” Hyde, Jr., President and COO of Teletouch. “I look forward to Timmy spearheading the expansion of our distribution footprint and overseeing the sales growth of this key business unit.”
Monico added, “Operators and retailers of all sizes are seeking new sources of revenue and increased customer loyalty, but at lower costs. There is a real opportunity today to better serve smaller carriers, MVNE’s, larger retailers and even the Tier-1 carriers’ indirect retail channels, with higher levels of service, great products and value-added distribution capabilities – all at competitive prices. I am excited to be joining the Teletouch team and look forward to quickly propelling the Company to the next level.”
As previously announced, Teletouch is expanding its wholesale distribution segment, with the expectation that this business unit will become Teletouch’s primary earnings driver by the end of fiscal year 2015 (May 31, 2015). Since the Company’s litigation with AT&T was successfully concluded in November, 2011, Teletouch has executed several distribution agreements directly with various cellular accessory and handset manufacturers, as well as other mobile electronics companies, including:
• ALCATEL ONE TOUCH® – Branded Cellular Handsets
• Monster ® Digital - SD & Micro SD Cards
• Boston Amplifier ® – Wireless Signal Boosters
• Aerovoice/Concept 101 – AT&T ® Branded Consumer Electronics
• PureGear ® - Wireless Accessories
• Parrot ® – Bluetooth Accessories
• Wilson Electronics – Cellular Signal Boosters
• Cellphone-Mate® – Cellular Signal Boosters
• LifeProof ® (Military Grade Cases)
• Dicota® Cases
• Digital Innovations
Mobile Audio Market:
• Diamond Audio
• Lightning Audio®
• Cadence Acoustics®
• Cerwin-Vega Pro-Audio/Mobile
See also www.pciwholesale.com and www.pcidropship.com for additional product information.
About Teletouch Communications
For over 47 years, Teletouch has offered a comprehensive suite of wireless telecommunications solutions, including cellular, two-way radio, GPS-telemetry and wireless messaging. Teletouch is a leading Authorized Services Provider and billing agent of AT&T (NYSE: T) products and services to consumers, businesses and government agencies, as well as an operator of its own two-way radio network and LTR systems in Texas. Teletouch operates a chain of 15 retail and authorized agent stores under the “Teletouch” and “Hawk Electronics” brands, in conjunction with its direct sales force, call center operations and various retail eCommerce websites including: www.hawkelectronics.com, www.hawkwireless.com and www.hawkexpress.com.
Through its wholly owned subsidiary, Progressive Concepts, Inc., Teletouch operates a national distribution business, PCI Wholesale, primarily serving Tier-1 (AT&T, T-Mobile, Verizon, Sprint) cellular carrier agents, Tier-2, Tier-3 and rural carriers, as well as auto dealers and smaller consumer electronics retailers, with product sales and support available through www.pciwholesale.com and www.pcidropship.com, among other B2B oriented websites.
Teletouch's common stock is traded Over-The-Counter under stock symbol: TLLE. Additional information about the Teletouch family of companies can be found at www.teletouch.com.