DALLAS-Looking to increase its presence in the consumer market, WebLink Wireless Inc. formed distribution deals with Kmart Corp. and BlueLight.com, the latter an independent e-commerce company formed by Kmart and Softbank Investment Capital.
According to the deal, Kmart will offer WebLink products and services in store kiosks, and BlueLight.com will offer them on its Web site.
Earlier, WebLink issued 3.8 million shares of common stock in exchange for $84.5 million of 11.25-percent senior subordinated discount exchange notes due 2008 as a means of reducing debt.
