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RadioShack Announces Southeast Asia Expansion With Berjaya Master Agreement

RadioShack offers master franchisees a range of modular, flexible approaches to retailing: stand-alone, mall-based units or strip-center units, leased or built; kiosks; shop-in-shop units; sale or distribution of exclusive private brands in consumer electronics; and facilitated access to leading global brands and manufacturers. The companies have agreed not to disclose other financial terms of the agreement.

"With a history that traces back more than 90 years, RadioShack is one of the most enduring and identifiable retail brands in consumer electronics today," Mr. Amschler said. "We are continuing to explore and cultivate relationships with qualified candidates to introduce RadioShack's small-format electronics experience in other global regions."

In the same vein, Berjaya RS Sdn. Bhd. is on the lookout for suitable candidates, whether corporates or individuals, to become sub-franchisees in Malaysia and the region. Ms. Yau also added that Berjaya RS Sdn. Bhd. expects to offer ample employment opportunities as they roll out the stores within Malaysia.

For more information about global franchising opportunities with RadioShack, please see franchiseradioshack.com for contact details and more information.

About RadioShack Corporation

RadioShack (NYSE: RSH) is a leading national retailer of innovative mobile technology products and services, as well as products related to personal and home technology and power supply needs. RadioShack offers consumers a targeted assortment of wireless phones and other electronic products and services from leading national brands, exclusive private brands and major wireless carriers, all within a comfortable and convenient shopping environment. RadioShack employs approximately 34,000 people globally, including a team of friendly and helpful sales experts who have been recognized for delivering the best customer service in the wireless industry. RadioShack's retail network includes approximately 4,700 company-operated stores in the United States and Mexico, 1,500 wireless phone centers in the United States, and more than 1,100 dealer and franchise locations worldwide. For more information on RadioShack Corporation, please visit www.radioshackcorporation.com; to purchase items online, please visit www.radioshack.com. RadioShack® and The Shack® are registered trademarks licensed by RadioShack Corporation.

About Berjaya Retail

Berjaya Retail was incorporated in Malaysia on 8 June 2009 under the Companies Act of 1965 as a private limited company under the name Berjaya Retail Sdn Bhd. On 29 September 2009, Berjaya Retail was converted into a public limited company, principally involved in the following businesses: operation of a chain of convenience stores via the 7-Eleven Group; and marketing and direct selling of consumer durables with installment option schemes via the Singer Group. Berjaya Retail was listed on the Main Market of Bursa Malaysia Securities Berhad on 16 August 2010 and subsequently delisted on 3 May 2011, now operating as a private entity.

 

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