CellPoint Accepted for Listing on Nasdaq National Market.Business Editors and Technology Writers LONDON--(BUSINESS WIRE)--July 10, 2000 CellPoint Inc. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). :CLPT, www.cellpt.com) is pleased to announce that its application to list its Common Stock on the Nasdaq National Market has been approved. Trading of the Common Stock of CellPoint on the Nasdaq National Market will commence on Wednesday, July 12, 2000. The ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors will remain CLPT. "This is a major milestone for us as a company," 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. "The Nasdaq National Market listing opens us to investors and institutions whose policies or by-laws prevent investing in so-called `penny stocks'. It increases our visibility to investors worldwide, keeping pace with the spread of our technology and services worldwide." The NASDAQ (National Association Of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. Automatic Quotations) is a completely computerized stock exchange with global access and recognition. Nasdaq is owned and operated by the National Association of Securities Dealers; its quotes are widely available on the web and are published in the financial pages of most newspapers. CellPoint Inc. 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 delivering location and wireless telematics services in cooperation with cellular operators worldwide. CellPoint's end-to-end cellular location technology works in 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(TM) for mobile resource management and Finder(TM), an application for locating friends and family. CellPoint currently has the world's only end-to-end commercial service offerings for digital cellular location technology. Common estimates for GSM subscribers to 2005 are one billion users, whereas worldwide shipments of cellular handsets with embedded GPS (Global Positioning System Global Positioning System: see navigation satellite. Global Positioning System (GPS) Precise satellite-based navigation and location system originally developed for U.S. military use. ) are estimated at 4 million in 2000 and 38.5 million in 2003. The wireless location services industry in Europe alone is estimated by The Strategis Group to be worth more than $80 billion by 2010. CellPoint, Finder(TM) and Resource Manager(TM) 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. |
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