Parrot (NYSE: PARRO) Distribution Agreement with Teletouch (OTCBB: TLLE) for Central Region States

Northern, WI 5/21/12 (StreetBeat) -- Teletouch Communications, Inc. (OTCBB:TLLE) , a leading U.S. wireless services, cellular, consumer electronics and public safety equipment distributor, today announced that Parrot, Inc., the U.S. subsidiary of Parrot S.A. (NYSE: PARRO), and a global leader in wireless devices for mobile phones, recently signed a new distribution agreement appointing Teletouch’s wholly-owned subsidiary, Progressive Concepts, Inc. dba PCI Wholesale as the sole preferred regional distributor for the states of Texas, Oklahoma, Arkansas & Louisiana. PCIW now carries a full line of Parrot® Bluetooth® hands-free products for sale to approved dealers in the contracted territory.

Peter George, Vice President of Sales and Marketing for Parrot USA, stated, “We are pleased to announce our new sole preferred regional distributor relationship with PCI Wholesale. This agreement further deepens and strengthens the long standing association Parrot has had with PCI Wholesale for many years. Even before becoming our preferred regional distributor, we have had a long history with PCI and with this new agreement now in place, look to expand the sales of Parrot products within the territory.”

“Parrot products have been a mainstay in our Bluetooth wireless lineup for many years and we could not be happier than to better solidify our relationship with Parrot,” added T.A. “Kip” Hyde, Jr., President and COO of Teletouch, and CEO of Progressive Concepts. “Parrot has always been a leader and innovator in Bluetooth connectivity solutions. Nothing could highlight this more than their new Asteroid line of Bluetooth car stereos. In addition to quality sound, Asteroid affords users web service apps, voice recognition and hands-free calling. With more and more states enacting hands-free driving laws, we see continued growth in this category.”

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