CEO Updates CellPoint's Commercial Progress.Business Editors LONDON--(BUSINESS WIRE)--April 18, 2000 CellPoint Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CLPT) ( www.cellpt.com ) updates shareholders reporting more than 10 installations and field trials of the CellPoint System today. "Our GSM operator partners are faced with fierce competition in their markets and we must respect their needs for confidentiality interim to commercial launches," said Peter Henricsson, Chairman and 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. of CellPoint Inc. "I can disclose that we already have more than 10 operators at various stages of testing enroute to the intended commercial deployment of services, and expect to be able to report further details very soon. The business outlook is truly impressive and we have numerous announcements planned in the coming weeks." "We also recognize that the market needs more information about CellPoint's progress and we intend to provide more frequent status updates on commercial progress," said Henricsson. "Our real progress toward multiple commercial deployments with major European GSM operators has been very substantial, though initially slower than expected and largely due to the complex logistics operators face in rolling out new mass-market services. With our end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. , CellPoint is in a very strong position, leading the market and well on the way to becoming the dominant provider of Positioning Platforms and Location Services See mobile positioning. . We have certainly noticed a definite increase in demand in the past few months with an increased urgency to deploy our location services and a stronger acceptance of our business model." CellPoint has developed commercial grade technology and services, and these services are targeted at the mass-market both in vertical and horizontal applications. The market for location services has recently been upgraded to be more than $25 billion. "The number of mobile data users will total over 1 billion worldwide in 2005 -- this will exceed users of fixed Internet, which will grow to 740 million during the same period," reports the ARC Group The ARC group formed in the early 1980s. Some members of the group met at the Slade School of Art while others were studying architecture. All were interested in making site-specific installation works mostly with recycled material, partially influenced by the DIY culture of groups in their new research report Content & Applications for the Wireless Internet. "In conjunction with the anticipated Nasdaq listing, we are also arranging a number of investor meetings in the U.S. and Europe over the coming weeks where we'll discuss the progress of commercial installations," continued Henricsson, noting that CellPoint expects to have at least a dozen commercial deployments under way in 2000. "With the recent volatility in the stock markets, we certainly recognize the need to regularly inform our shareholders and the wire services of our progress and we do intend to do just that." CellPoint Inc. (OTCBB:CLPT) ( www.cellpt.com ) is a U.S. company with subsidiary operations in Sweden, Great Britain Great Britain, officially United Kingdom of Great Britain and Northern Ireland, constitutional monarchy (2005 est. pop. 60,441,000), 94,226 sq mi (244,044 sq km), on the British Isles, off W Europe. The country is often referred to simply as Britain. and South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. delivering positioning and 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 services in cooperation with cellular operators worldwide. Several commercially available services are based on the CellPoint System(tm) technology that uses GSM cellular networks to determine physical locations of cellular phones and Internet applications to present results and manage location and telematics services. CellPoint currently has the world's only end-to-end commercial service offerings for digital cellular location technology; it is fully scalable, works with standard GSM phones and WAP phones in unmodified Adj. 1. unmodified - not changed in form or character unqualified - not limited or restricted; "an unqualified denial" modified - changed in form or character; "their modified stand made the issue more acceptable"; "the performance of the modified aircraft digital networks, and can be coordinated worldwide from a remote central location. GSM accounts for more than 66% of the world digital cellular market with more than 285 million subscribers worldwide. Estimates for cellular phone usage are now at 1.5 billion users by 2005, with GSM accounting for two-thirds of the total market. For more information, please contact: CellPoint Inc.: investinfo@cellpt.com CellPoint and CellPoint Systems are trademarks of CellPoint Inc. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. in this release are made pursuant to 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 Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Actual results may differ materially from those projected in any forward-looking statement. Investors are cautioned that such forward-looking statements involve risk and uncertainties which may cause actual results to differ from those described. Copyright(c)CellPoint Inc. 2000 ------------------------------------------------------------ Please visit http://www.bit.se for further information. The following files are available for download: http://www.bit.se/bitonline/2000/04/18/20000418BIT00990/bit0001.doc http://www.bit.se/bitonline/2000/04/18/20000418BIT00990/bit0002.pdf |
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