UPDATE: RadioShack to Offer Verizon Wireless Products and Services in Company-Operated Stores

New agreement with industry leader means consumers benefit, with more than 4,300 RadioShack stores to offer Verizon Wireless services

RadioShack ceases offering T-Mobile services in stores

RadioShack Corporation (NYSE: RSH) today announced that it has entered into an agreement with Verizon Wireless, the nation's largest wireless carrier, to provide postpaid and prepaid wireless products and services in RadioShack's company-operated stores nationwide beginning Sept. 15, 2011. The Company also announced that it will cease offering T-Mobile wireless products and services in its company-operated stores effective Sept. 14, 2011.

RadioShack expects to launch Verizon Wireless products and services, including top-selling handsets, in more than 4,300 U.S. company-operated stores and through its website, www.RadioShack.com, beginning Sept. 15.

Jim Gooch, president and chief executive officer of RadioShack Corporation, commented on the new Verizon Wireless agreement, stating, "This is a substantial win for our customers, as this relationship with the nation's largest wireless provider will further enhance our position as a leading multi-carrier wireless retailer. The addition of Verizon Wireless, in combination with our existing carrier partners, positions us to now offer the best assortment of carriers, rate plans, devices and accessories for every consumer need."

Dan Mead, president and chief executive officer of Verizon Wireless, said, "We view this as an opportunity to substantially extend our customer reach at a time when our portfolio of mobile products has never been more exciting. RadioShack has a long track record of providing customers with quality products and services in convenient locations around