Brightstar recently announced the launch of operations in India and
opened offices in Australia at the beginning of 2005.20 billion in 2005.

About Brightstar
Brightstar Corp.S. For more information, visit
http://www.

Business Editors/Foreign Editors

NEW YORK----Fitch Ratings has issued
a special report, 'Latin American Sovereign Review: January 2005,'
with Fitch's forecast for sovereign credit trends in Latin America for
2005.
'A sharp and disorderly decline of the U.com

The
division is comprised of market analysts, business development
professionals and product experts that work to provide network
operators with access to innovations they can help drive to market. Unlike adult mobile phones, the
Firefly phone provides parents with the control features they need in
order to conveniently manage calling costs and access to calling
features. Firefly Mobile's management team has extensive product
development, sales , marketing and executive management experience with
world-class consumer brands such as Apple, Palm , Mitsubishi and
Motorola.

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'It is here
that more work needs to be done in terms of higher primary budget
surpluses and tax, social security, and revenue-sharing reform.

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"
Villamizar added that Brightstar plans to continue to invest in additional
countries and add future facilities in 2006 .fitchratings. It is about the size of a small pocket
calculator and weighs two ounces.

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The company serves over 160 network operators and 15,000
resellers, retailers and agents around the world and also represents many of
the world's leading wireless manufacturers.
The Fitch report is available on the Fitch Ratings web site at
www. We
believe Firefly is one of these innovations.brightstarcorp .

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Fitch Issues Latin American Sovereign Review: 2005 Outlook

Structural reforms that will raise the region's low savings and
investment rates could help in this regard.
The agreement between Firefly Mobile and Brightstar covers the
geographic regions of North America, South America and the Caribbean,
with future partnership opportunities outside of the Americas."
Claure continued , "There are few true innovations in the wireless
technology arena that can provide significant lifestyle improvements
with an entirely new product that creates a new product category.com/

About Firefly Mobile

Firefly Mobile is a privately-held company with worldwide
headquarters in Chicago, Illinois, and a regional office in Northern
California.

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2% last
year, the region's strongest performance since 1997.
"We are delighted to announce our partnership with Brightstar and
to benefit from their extensive distribution network," said Robin
Abrams, CEO of Firefly Mobile, Inc.75 billion.

For more information, visit http://www.

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"We have spent a significant amount of time investigating new growth
markets as well as working with our manufacturer partners, mobile operators
and retailers to identify expansion opportunities," said Villamizar.
With the addition of the Hong Kong facility , Brightstar operates 29
facilities in 24 countries worldwide serving North America, South and Central
America, the Caribbean, Southeast Asia and Australia.
Scher went on to say that the best way to insulate themselves from
external shocks was for Latin American governments to redouble their
reform efforts, focusing on public finances and microeconomic reforms. The company also announced an agreement with Target
to sell Firefly phones in their stores nationwide in July.

About Brightstar

Brightstar Corp. All other products, services, companies and
publications are trademarks or registered trademarks of their
respective owners.

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brightstarcorp.

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2
billion in revenue in 2005 .
Likewise, a lack of GDP growth has been the region's main weakness., a
leading developer and innovator of mobile phones and services that
uniquely address the needs of underserved customers , today announced
that it has selected Brightstar, a leading wireless industry logistics
and supply chain management company, as a preferred partner."
In 2003, Brightstar created its Emerging Technologies division to
assist in identifying, developing and marketing unique products and
services that improve consumer access to wireless products. Headquartered in Miami, FL, Brightstar has
operations in Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica,
the Dominican Republic, Ecuador, El Salvador , Guatemala, Mexico,
Paraguay, Peru, Puerto Rico, Uruguay, the U., Mexico and
South America.

regional business

According to Javier Villamizar, vice president of high growth markets for
Brightstar, the strategic position and trade advantages offered by Hong Kong
will allow the company to expand into the region and serve the local
operators.com.com
'As long as Latin America continues to perform well, economically
and from the policy perspective,' said Roger Scher, Managing Director,
Fitch Sovereign Ratings , 'then further positive rating or Outlook
actions are possible in 2005.

Business Editors/High -Tech Editors
CTIA Wireless 2005

CHICAGO----Firefly Mobile, Inc. With just five keys instead of a regular
dial pad, parents use a PIN to program up to 22 outgoing numbers into
the phone, including speed-dial keys for Mom and Dad. During the year ending 2004,
Brightstar's revenues are expected to be approximately $1.

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"We
believe the dramatic growth of wireless adoption and technology in China, Hong
Kong, Taiwan and Korea, coupled with Brightstar's proven successes in other
markets , provide the right focus for our company's further expansion as a
global solutions provider. These countries
represent over 30 percent of the worldwide population. and
Venezuela. The company expects to exceed $2.'
The Fitch report features articles on the impact on the region of
the end of textile and clothing quotas with the phasing out of the
Multi-Fiber Agreement and the comparison of two bellwether sovereigns,
Brazil and Turkey, as well as country updates on key sovereigns in the
region and a discussion of the rating implications of a bond
restructuring in Argentina and one likely to occur in the Dominican
Republic. The Firefly phone is a
pioneering voice-only phone designed for the smaller hands of kids
aged eight to 12 years old. For more information regarding Firefly Mobile products
visit the Firefly Mobile web site at www.

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GDP expanded a rapid 5.
The partnership announcement comes on the heels of Firefly
Mobile's recent launch of the Firefly mobile phone in the North
American and Latin American markets through a variety of wireless
network operators.
The Firefly phone will have its first public showing at next
week's CTIA show in New Orleans in the Brightstar booth , 6544, Hall G
from March 14-16, 2005. The patented
Firefly phone lights up like a firefly when in use and intermittently
when in standby mode.S.

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, a leading supply chain
management and mobile solutions company for the wireless industry, announced
today it has launched operations in Hong Kong , further expanding the company's
global reach.S. dollar that causes
risk aversion and investors to reduce positions in the emerging market
asset class is the most significant risk we see for Latin American
sovereign bonds this year,' said Scher. Firefly Mobile designs, develops and sells the Firefly
phone, accessories and airtime services. The Firefly phone was
designed from the ground up to address the needs of pre-teenage kids
and their parents.S.fireflymobile.

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2 billion in 2003, $1. is a leading distributor and provider of value added
supply chain services to the wireless telecom industry , and also designs and
manufactures products under licensing agreements with leading manufacturers .
Headquartered in Miami, FL, Brightstar has operations in Argentina, Australia,
Barbados, Bolivia , Brazil, Chile, Colombia, Costa Rica, the Dominican
Republic, Ecuador, El Salvador, Guatemala, Hong Kong, India, Jamaica, Mexico,
Paraguay, Peru, Puerto Rico, Trinidad + Tobago, Uruguay, the U.

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74 billion in 2004 with expected revenues of
over $2. The report is available on the Fitch Ratings web site at
www. But, the risks on the horizon, higher
global interest rates, greater risk aversion, lower commodity prices,
are not negligible.
Brightstar will be Firefly's distributor and provider of fulfillment
services for Firefly mobile phones and line of Firefly accessories to
select network operators, retailers and resellers of wireless service.
The Firefly phone is the first and only mobile phone explicitly
designed for Tweens that satisfies parents' concerns about
unrestricted phone use and monthly costs. Firefly phones are currently sold in the U.com

Firefly and Firefly Fireworks are the exclusive trademarks of
Firefly Mobile, Inc.

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'The main indicator that deteriorated in the region since the late
1990s is the government debt-to-GDP ratio,' said Scher.fitchratings. is a leading distributor and provider of value
added supply chain services to the wireless telecom industry , and also
designs and manufactures products under licensing agreements with
leading manufacturers . The company
serves over 160 network operators and 15,000 resellers, retailers and
agents around the world and also represents many of the world's
leading wireless manufacturers.

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Subsidiary Serves as Gateway to North Asia Markets

MIAMI, Brightstar Corp.'
Sound macro policy frameworks and improved economic performance
drove upgrades in five of the 16 emerging market sovereigns Fitch
rates in the Western Hemisphere in 2004 (Brazil, Venezuela, Peru,
Uruguay, and Ecuador), as well as two positive Outlook revisions
(Chile and Colombia). Only one sovereign in the region was downgraded
last year (the Dominican Republic). Likewise,
inflation remained low, the current account posted a surplus, net
external debt moved lower, and international reserves reached US$207
billion in aggregate for the sovereigns Fitch rates in Latin America.

Firefly Mobile Partners with Brightstar Corporation as Exclusive Distribution + Logistics Services Provider

"
According to Marcelo Claure, CEO of Brightstar Corp., "Firefly
Mobile's vision is to supply parents and their children with the right
product at the right time. and Venezuela with its
most recent distribution operations located in Australia. Kids love the Firefly phone because it's designed
just for them and allows them to stay in touch with their family and
friends by pressing a few keys.

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Brightstar Corp. Expands Worldwide Reach Launches Sales and Distribution Center in Hong Kong

The Hong Kong subsidiary, which includes both sales offices and a
distribution center, will strengthen Brightstar's presence in the Asia-Pacific
region.
Brightstar has seen consistent financial success and high growth rates
since its inception in October 1997-$14 million in 1997, $73 million in 1998,
$140 million in 1999, $355 million in 2000, $631 million in 2001, $849 million
in 2002, $1. "From the beginning, Brightstar
has seen the market potential and enthusiastically supported Firefly
Mobile's focus on bringing the Firefly phone to market.