For more information , visit http://www.

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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.
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.

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Structural reforms that will raise the region's low savings and
investment rates could help in this regard.

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"
The new partnership will immediately focus on delivering industry leading
handsets and data devices, supported with fresh marketing concepts and
aggressive pricing, to wireless consumers nationally.

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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. 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.

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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.
BuyCell Wireless is made up of many of the nation's premier independent
wireless retailers. "We have served many of
the members of the group individually and look forward to expanding our
relationships in helping the entire group maximize their businesses.

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'
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).fitchratings. The founding membership is comprised of
independent wireless retail companies that separately market and sell Verizon
Wireless products and services through owned or contracted points of sale
nationwide.

brightstarcorp.

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2% last
year, the region's strongest performance since 1997.

Nation's First Wireless Buying Group Selects Brightstar as Equipment Supply + Distribution Logistics Partner

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S.
The Fitch report is available on the Fitch Ratings web site at
www.buycellwireless.

About Brightstar
Brightstar Corp.

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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.
Under the terms of this agreement, Brightstar will supply BuyCell Wireless
members with approved wireless handsets and accessories from all leading
manufacturers, delivered through efficiency-enhancing forward and reverse
logistics support .

About BuyCell Wireless Group, Inc.com .

latin newspapers

Additionally, Brightstar will consult directly with the
group to provide product roadmaps, sales training and consumer marketing
programs that visibly enhance the member's ability to attract and support
consumers of wireless services nationwide.
BuyCell Wireless Group is a cooperative buying organization dedicated to
increasing the competitiveness of its members through joint purchasing and
other efficiency-enhancing activities.

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peru demand

The report is available on the Fitch Ratings web site at
www. '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.com

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Only one sovereign in the region was downgraded
last year (the Dominican Republic).
Likewise , a lack of GDP growth has been the region's main weakness.

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is a leading distributor and provider of value added
supply chain services to the wireless telecom industry, and also designs and
manufacturers products under licensing agreements with leading manufacturers.

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'A sharp and disorderly decline of the U. For more information, visit
http://www.

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, BuyCell Wireless Group, Inc."
"The synergies between these individual companies will be well served by
the vision of the entire BuyCell group ," said Denise Gibson, chief operating
officer of Brightstar and president, Brightstar US.

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fitchratings .

broadcasts socio

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.
According to Ted Benoit, managing director of BuyCell Wireless , "We
selected Brightstar as our key supply partner based on the combined strengths
of their carrier relationships, major handset manufacturer distribution
agreements and ability to deliver solutions relevant to the challenges facing
the indirect agent channel today.S.

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But, the risks on the horizon , higher
global interest rates, greater risk aversion, lower commodity prices,
are not negligible . GDP expanded a rapid 5.'
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.

reflections continent

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BuyCell Wireless Group Represents Over 3500 Points of Sale in 21 States

BELLEVUE, Wash., the
nation's first wireless buying group, announced today they have selected
Brightstar, a leading logistics and supply chain management company for the
wireless industry, to provide supply and distribution services to support the
members of their buying organization.
and Venezuela with its most recent distribution operations located in
Australia .7 Billion.

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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. During the year ending 2004, Brightstar's
revenues exceeded $1.

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com .

uruguay newspapers

Fitch Issues Latin American Sovereign Review: 2005 Outlook

Combined, this group represents annual sales revenues of
more than $200 million through 3,500 retail points of sale in 21 states.