Benefon Exit's Reorganization Program Early; Benefon 'Navigating' in the Right Direction.SALO, Finland Salo (IPA: [ˈsɑlo]) is a town and municipality of Finland. It is located in the province of Western Finland and is part of the Finland Proper region. -- Benefon has confirmed the company's successful early amendment to the reorganization process. No appeals of dissatisfaction were received by the Turku district court. "This is fantastic news for the company and its shareholders, " commented 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. Tomi Raita rai·ta n. An Indian salad made with yogurt and chopped vegetables or fruits, such as cucumbers, spinach, or bananas. [Hindi r , " The company has ended the reorganisation Noun 1. reorganisation - the imposition of a new organization; organizing differently (often involving extensive and drastic changes); "a committee was appointed to oversee the reorganization of the curriculum"; "top officials were forced out in the cabinet program 3 and a half years early and this is a vote of good faith in what the company has been able to achieve in a short period of time since Octagon got involved ". Benefon is a leading GPS application and solutions provider and has begun focusing its market attention to the exploding navigation market. "Our specialist experience in telematics Originally coined to mean the convergence of telecommunications and information processing, the term later evolved to refer to automation in automobiles. GPS navigation, integrated hands-free cellphones, wireless communications and automatic driving assistance systems all come under the and GPS make the transition into navigation an obvious one, and one where we can really capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. our 16 years of experience in this industry. Today's customers are demanding Navigation complemented with telematics features and our solutions and applications will serve us well in our growth plans for the future" adds Raita. Benefon launched the first ever GPS+GSM (Global System for Mobile Communications) A digital cellular phone technology based on TDMA that is the predominant system in Europe, but also used worldwide. Developed in the 1980s, GSM was first deployed in seven European countries in 1992. mobile device in 1999 and will launch its new personal navigation phone in the 4th Quarter of 05. Users will have an all-in-one portable personal navigator See Netscape Navigator, Netscape and Norton Navigator. Navigator - Netscape Navigator device. The phone comes ready to use with no external GPS receiver required and GPS power management functionality built in, switches from driving to walking mode seamlessly and provides a superb in-car navigation experience with the standard car kit. With features such as detailed local maps, the ability to customize Points-of-Interest for each major city; an intuitive menu screen, 3D mapping and clear turn by turn voice instructions, drivers will get a unique navigation experience. Along with telematics functionality such as Friend Find and establishing geofencing areas for use in tracking and locating the Benefon device really distinguishes itself in the marketplace. Company Chairman Brian Katzen, Co-Founder of Octagon Capital, a specialist financial and operational turnaround firm adds, "We set very aggressive goals for the company and have been successful in meeting all of them. It's important for us to continue improving the company and delivering the results. The early termination of the reorganization program is further proof that Benefon can become the market leader in the GPS application and solutions field. This is a proud moment for all involved and we appreciate the confidence the shareholders have shown in us" About Benefon: Benefon is a leading provider of Global Positioning via Satellite ("GPS") based solutions, services and applications |
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