724 Solutions Chooses MobileSys to Deliver Wireless Notification Solutions to Global Customers.Business Editors/High-Tech Writers MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--July 23, 2001 The MobileSys Network Will Allow 724 Solutions to Provide Customers With Easy, Secure Carrier and Pager Network Access MobileSys, Inc., the leading global wireless infrastructure provider, announced today that 724 Solutions Inc. (Nasdaq:SVNX)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :SVN SVN Subversion (version control system) SVN Slovenia (international traffic code) SVN Social Venture Network SVN South Vietnam SVN Secure Virtual Network SVN Supervised Visitation Network ), a leading global provider of Internet infrastructure software that powers secure mobile transaction solutions, has entered into a strategic partnership with MobileSys for global carrier access to ensure mission-critical, global wireless alerts delivery. MobileSys' global carrier partners include AT&T, BT Cellnet, KPN KPN Koninklijke PTT Nederland (Royal Dutch Telecom) KPN Konfederacja Polski Niepodleglej (Polish conservative party) , Nextel, Sprint PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. , Vodafone, WebLink Wireless and others. "The MobileSys Network provides our notification solution with a point of access to global carrier networks, making it easier than ever for our customers to deliver their time-critical alerts delivered without having to develop individual carrier connections all over the world," said 724 Solutions CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. John Sims. "As an enabler of mobile transactions, 724 Solutions needs to meet its customers' needs for secure and confirmed worldwide alerts delivery. With the MobileSys Network, 724 Solutions can provide its customers with reliable delivery of wireless alerts, including confirmed delivery and quality of service tracking abilities." 724 Solutions provides comprehensive secure wireless financial services applications and mobile transaction solutions across a wide range of Internet-enabled devices. Through its standards-based, open architecture, the company offers turnkey wireless solutions to the world's leading financial institutions, including Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Bank of Montreal “BMO” redirects here. For the mathematics competition, see British Mathematical Olympiad. Bank of Montreal/Banque de Montréal (TSX: BMO, NYSE: BMO) is Canada's fourth largest bank[1], and is classified as a Domestic Chartered Bank (Schedule I). , J.P. Morgan Chase, New Zealand Stock Exchange New Zealand Stock Exchange Automated, screen-based national trading system based in Wellington. and more. "Together, MobileSys and 724 Solutions can now supply premiere messaging that enterprises are demanding for their mission-critical wireless applications," said David Coelho, MobileSys founder, president and chief executive officer. "As wireless technologies mature, companies are asking for wireless messaging that provides global reach, reliable message delivery, security and easy integration. We are proud to work with 724 Solutions to provide these capabilities." The MobileSys Network is now available to 724 Solutions' customers on a worldwide basis. About MobileSys Headquartered in Mountain View, Calif., with offices throughout North America, Europe and Asia, MobileSys is the leading global wireless infrastructure service provider for enterprise and eBusiness organizations. The MobileSys solution enables secure, guaranteed delivery of data worldwide from business applications to a variety of wireless devices such as digital phones, personal digital assistants (PDAs) and pagers. MobileSys has over 700 customers worldwide including Cisco, Citibank, EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. , Ericsson, The Ford Motor Company, Hewlett-Packard, Intel, Johnson and Johnson, LSI LSI: see integrated circuit. (Large Scale Integration) Between 3,000 and 100,000 transistors on a chip. See SSI, MSI, VLSI and ULSI. Logic, Motorola, Oracle, Qualcomm, Siebel Systems, Sun and more. For more information, visit www.mobilesys.com. About 724 Solutions, Inc. 724 Solutions Inc. is a leading global provider of Internet infrastructure software that enables the delivery of secure financial services applications and mobile transaction solutions across a wide range of Internet-enabled devices. The 724 Solutions suite of products and services enables companies to realize value through the mobile Internet by building, deploying, and integrating personalized and secure mobile commerce and lifestyle applications. With dual headquarters in Toronto, Canada, and Austin, Texas, the company has development and sales offices around the world. 724 Solutions' common shares are listed on the NASDAQ National Market (SVNX) and The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (SVN). For additional information visit www.724.com. This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements include the statements herein regarding: the services and features that will be offered by 724 Solutions and Mobilsys, the benefits and services that customers and consumers will obtain through these services and future demand for these services. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including the risk that 724 Solutions and Mobilsys will be unable to deploy services stated therein, the risk that demand for the service to be offered will not increase as presently anticipated, and other risks described in 724 Solutions' SEC filings, including its Registration Statement on Form F-4, its annual report on Form 10-K, and its reports on Form 6-K, and other risks described in 724 Solutions' SEC filings, including its annual report on Form 10-K. These risks are also described in 724 Solutions' filings with the Canadian Securities Administrators Canadian Securities Administrators(CSA) is a forum for the 13 securities regulators of Canada's provinces and territories to coordinate and harmonize regulation of the Canadian capital markets. , including its prospectuses, material change reports, Annual Information Form and Management Information Circular. 724 Solutions does not undertake any obligation to update this forward-looking information, except as required under applicable law. Note to Editors: MobileSys is a trademark of MobileSys, Inc. Other company or product names have been used for identification purposes only and may be trademarks or registered trademarks of their respective companies. |
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