|[April 21, 2014]
Quality One Wireless, LLC Reports $36.3 Million Loan Payoff
ORLANDO, Fla. --(Business Wire)--
Quality One Wireless (News - Alert), a global leader in wireless distribution,
announced today that it has made the final payment on its $36.3 million
secured note payable to CS Term lenders, which includes DLJ Investment
Partners (the "DLJ Loan"). The DLJ Loan was a key component of Quality
One's purchase price underlying its purchase of the assets of Personal
Communications Devices, LLC ("PCD") on October 18, 2013.
"The payoff of the DLJ Loan is an important financial milestone related
to our PCD acquisition," said Robert Staats, chief financial officer at
Quality One. "This payoff reflects the hard work and dedication of our
employees and management, and allows us to continue focusing on building
our post-acquisition business."
About Quality One Wieless LLC
Quality One Wireless LLC is a global leader in wireless distribution,
providing complete solutions to mobile device manufacturers, wireless
operators and retailers. Founded in 1993 and headquartered in Orlando,
FL, Quality One is a minority-owned company and recently purchased the
assets of Personal Communication Devices (PCD). The combined company
operates in 26 countries globally under the Quality One brand. Unlike
other wireless industry suppliers, Quality One Wireless LLC manages the
entire wireless device product life cycle from product development to
channel distribution, warranty, repair and second life sales. The
company has successfully launched more than 500 wireless devices over
the last decade. Quality One has 200,000 square feet of facility space
in Orlando, FL, Ronkonkoma, NY, Cincinnati, OH, and Mexico City, plus
two domestic call centers that manage a variety of programs including
warranty, consumer returns, troubleshooting and insurance exchanges.
Other services include customization for niche markets, M2M solutions,
engineering, quality, logistics, supply chain, handset insurance, and
buy-back and trade-in programs. For more information, visit www.q1w.net.
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