First half sales up 53% at wireless retailer Glentel

BURNABY – Thanks to wireless industry growth and a major acquisition in 2005, the revenue line at the company which owns WirelessWave, The Telephone Booth and La Cabine Téléphonique has grown dramatically. Glentel Inc. reported that sales for the second quarter of 2006, ended June 30th, increased 46%, to $43.6 million compared to the same period of 2005. However, due to an extensive rebranding campaign at The Telephone Booth and its French counterpart, operating income before interest and taxes was just $1.7 million in the quarter, compared to $2.4 million in Q2 '05. Sales for the six months ended June...