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TMCNet:  Quality One Wireless, LLC Reports $36.3 Million Loan Payoff

[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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