CellNet Data Systems Receives Extension On Maturity of Short-Term Financing.Business Editors/High-Tech Writers SAN CARLOS, Calif.--(BUSINESS WIRE)--Jan. 17, 2000 CellNet Data Systems, Inc. (Nasdaq:CNDS CNDS Center for Networking and Distributed Systems (Johns Hopkins University) CNDS Condensate CNDS Calling Name Delivery Service (Ameritech) CNDS Call Number Delivery System ), a market-leading provider of telemetry services, announced today that the maturity date of its current short-term bridge financing Bridge Financing A method of financing, used by companies before their IPO, to obtain necessary cash for the maintenance of operations. Notes: These funds are usually supplied by the investment bank underwriting the new issue. has been extended to January 21, 2000. Investors are strongly advised to review CellNet's previous announcements regarding the status of its efforts to secure the short- and long-term financing Long-term financing Liabilities repayable in more than one year plus equity. necessary to sustain its operations, and the most recent Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Form 10-Q Form 10-Q See 10-Q. filed with the Securities and Exchange Commission for a discussion of additional factors that could affect CellNet's future performance. The Company CellNet Data Systems, Inc. is an industry pioneer and leading provider of low-cost "telemetry services" -- defined as the ability to transmit and receive data for the remote monitoring and control of devices. CellNet networks are the largest and fastest-growing of their kind in the world, providing connectivity for millions of devices in the energy industry and other Commercial Data Service markets. For more Company information visit http://www.cellnet.com. |
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