InPhonic Continues Expansion with the Opening of New Office
New Reston Office Focused on Expanding MVNO Services and Product Development
Washington, D.C. – January 13, 2005 â€“ InPhonic, Inc. (Nasdaq: INPC), a leading online retailer of wireless phones and service plans, today announced the opening of its new corporate office in Reston, Virginia, on the Northern Virginia technology corridor. The opening of the new Reston office will provide greater proximity to local technology talent and technical resources, and accommodate growing staff and management from InPhonicâ€™s continued expansion, including personnel hired as a result of the recently announced A1 Wireless acquisition.
The new office will accommodate the growth of InPhonicâ€™s MVNO and product development business units. The office will also reinforce InPhonicâ€™s presence as a technology leader in the Washington metropolitan area, especially in the Northern Virginia technology market where a number of InPhonicâ€™s business partners now reside. The Reston, Virginia office houses approximately 75 full-time employees. The office also houses key management and staff that are focused on the integration of recently acquired A1 Wireless into the InPhonic corporate structure and managing corporate strategic initiatives.
"Due to the company's continued growth and new opportunities, the new Reston office further strengthens InPhonicâ€™s commitment to our clients," says David A. Steinberg, InPhonicâ€™s Chairman and Chief Executive Officer. "The Northern Virginia technology corridor offers InPhonic a great recruiting base from a talented pool of technologists, and an expanded local corporate presence. The additional office shows our commitment to further growth by providing the basis to continue expanding the business over the next several years."
Headquartered in Washington, D.C., InPhonic, Inc. (NASDAQ: INPC) is a leading online retailer of cell phones, cell phone plans, and related wireless services and products. InPhonic sells these services and devices, and provides customer service through websites that it creates and manages for online businesses, member-based organizations and associations, and national retailers under their own brands. InPhonic also operates Wirefly, a leading mobile phones and wireless plans comparison site that was awarded â€œBest of the Webâ€ by Forbes magazine in 2004. Today, InPhonic owns and operates one of the top five MVNOs in the United States, Liberty Wireless, and can deliver a full range of mobility solutions to enterprise clients through its Mobile Virtual Network Enablement (MVNE) platform. In 2004, InPhonic was selected #1 company of the year on the Inc. 500 – Inc. Magazineâ€™s list of the fastest-growing privately held companies in the United States. For more information on the company, its products and services, visit the InPhonic Corporate Web site at www.inphonic.com.
"Safe Harbor" Statement - Under the Private Securities Litigation Reform Act of 1995, this press release may contain forward-looking statements that involve risks and uncertainties. Important factors, which could cause actual operating results to differ materially from those in the forward-looking statements, are detailed in filings with the Securities and Exchange Commission made from time to time by the Company. This press release and statements are current as of the date of the individual announcements and the Company undertakes no obligation to publicly release any revisions to any forward-looking statement to reflect events or circumstances after the date thereof or to reflect the occurrence of unanticipated events.