Celcore completes private placement offering.MEMPHIS Memphis, city, ancient Egypt Memphis (mĕm`fĭs), ancient city of Egypt, capital of the Old Kingdom (c.3100–c.2258 B.C.), at the apex of the Nile delta and 12 mi (18 km) from Cairo. , Tenn.--(BUSINESS WIRE)--Dec. 15, 1995--Celcore officials announced that it has recently completed a private placement equity offering which raised $18.225 million. Underwriters for the offering were Robertson Stephens & Company of San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and Salomon Brothers Inc. of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . "This capital will fund our aggressive expansion of operations domestically and internationally as well as the development of new technology for the global GSM and 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. markets," said Robert Goodman, chairman and chief executive officer. As part of its expansion plans, Celcore announced the opening of a sales office in Dallas last week. The new sales office will serve as the focal point focal point n. See focus. of Celcore's sales activity to major cellular and PCS service providers in North America. Based in Memphis, Tenn., Celcore Inc. develops and markets advanced wireless systems and intelligent networking solutions. With an open and distributed architecture, Celcore wireless systems are designed for scaleable and cost-effective deployment in low-traffic density areas around the world. In addition, Celcore's intelligent networking platform enables wireless service providers to offer one-number services for "Effortless, Anywhere Access." Celcore's diverse population line includes its GlobalSystem portfolio of cellular, micro-cellular, fixed wireless, GSM, and PCS systems: GlobalSwitch(TM) family of fully digital and modular Mobile Switching Centers; GlobalCell(TM) base stations for both analog and digital air protocols; Network Management System with easy-to-use graphical user interface graphical user interface (GUI) Computer display format that allows the user to select commands, call up files, start programs, and do other routine tasks by using a mouse to point to pictorial symbols (icons) or lists of menu choices on the screen as opposed to having to ; and GlobalHub(TM) mobility manager for one number service. CONTACT: Celcore Inc., Memphis Steve Chen, 901/759-5155 |
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