CellPoint's Swedish Listing Draws Near - Detailed Information Available on Website.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--Feb. 27, 2001 CellPoint Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CLPT) (www.cellpoint.com) is currently expected to be quoted on the O-List of the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. March 15, 2001, and trading will begin the same day. Swedish Depository Receipts (SDR's) are the subject of the Company's secondary listing in Sweden, and the minimum trading block will be 100 SDR's. The Company's Common Stock will continue to be traded on the Nasdaq National Market. CellPoint is making available to its stockholders the opportunity to exchange their CellPoint shares for SDR's. The exchange of shares to SDR's will be cost-free until the end of March 2001. "We expect that the majority of Swedish stockholders and some other European stockholders will choose this new alternative to trading on the Nasdaq National Market," 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. "Concurrent with the issuance of this Press Release, CellPoint is sending information to all of its stockholders regarding the SDR's and the procedures for the voluntary exchange of shares of Common Stock for SDR's. Beginning on February 28, 2001, detailed information regarding the SDR See software defined radio. program will be available on CellPoint's web site at www.cellpoint.com." CellPoint Inc. (Nasdaq: CLPT, www.cellpoint.com) is a US 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 location and wireless telemetry telemetry Highly automated communications process by which data are collected from instruments located at remote or inaccessible points and transmitted to receiving equipment for measurement, monitoring, display, and recording. services in cooperation with cellular operators worldwide. CellPoint's end-to-end cellular location technology offers a high-capacity solution for multi-vendor, unmodified GSM networks and uses standard GSM or WAP phones and standard Internet services. Several commercial applications are available for business and personal location services including Resource Manager for mobile resource management, iMate for location-sensitive information and Finder, an application for locating friends and family. Subsidiary Unwire's programmable telemetry terminal servers are also integrated with the CellPoint System Platform enabling a broad range of applications for wireless remote management and control. CellPoint (TM), Finder, Resource Manager, iMate and CellPoint Systemstm are trademarks of CellPoint Inc. Forward-looking statements 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. 2001 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/02/27/20010227BIT01140/bit0002.doc http://www.bit.se/bitonline/2001/02/27/20010227BIT01140/bit0002.pdf |
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