CellPoint Appoints Jan Rynning to the Board of Directors.Business Editors LONDON--(BUSINESS WIRE)--Nov. 1, 2001 CellPoint Inc. (Nasdaq:CLPT)(SSE (1) An earlier full-screen editor in OS/2. (2) (Streaming SIMD Extensions) A series of additional instructions built into Pentium CPU chips for improved multimedia performance by performing mathematical operations on multiple sets of data at the :CLPT.), a global provider of mobile location software technology and platforms, announces that Jan Rynning has joined the board of CellPoint Inc. Mr. Rynning, 50, is a lawyer and associate partner at the law firm Ahlford Advokatbyra in Uppsala, Sweden. He is educated in Sweden and the U.S. and has focused on business law, international contract law, international negotiations, and has been involved in many reconstructions and restructurings of companies. Rynning has been on the board of directors of numerous companies in Sweden and internationally, both private and public, among others Provobis, Ticket and currently Enea Data AB. Peter Henricsson, Chairman and Chief Executive Officer of CellPoint, Inc., commented, "Mr. Rynning has already been adding valuable insight in the restructuring of CellPoint. The board and the management are looking forward to working with him in the future governance of CellPoint, as well as being able to utilize his contacts within the investment community." CellPoint now has seven directors on the board, six of whom will stand for re-election in conjunction with the company's annual stockholders' meeting on December 5th, 2001. Mats Jonnerhag, a director since December 1998, will retire from the board at the expiry of his term on December 5th, 2001. "Several individuals in the investment community felt that I could contribute with my experience, not only in legal and financial matters, but also in structural and communications initiatives for CellPoint. This is a great opportunity to join the board at this juncture when CellPoint is executing focused restructuring initiatives and is on the right track," said Jan Rynning. Advisory Board The Company continues to grow its Advisory Board, which consists of individuals with specialized knowledge, in various fields, who act as advisors, door openers door opener n. 1. An electromechanical or electronic device for automatically opening a door, as one to a garage. 2. Informal An effective means of gaining success or seizing an opportunity. or discussion partners from time-to-time on an ad-hoc basis. CellPoint's Advisory Board currently includes a financial advisor from the U.S. who is an experienced business strategist and contract negotiator, a lawyer from North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. now resident in London, a Swedish business strategist well versed Versed® Midazolam Pharmacology A preoperative sedative in European financial markets and a European industry expert in third generation (3G) mobile services. These advisors are non-director members and shareholders with unique skills; they are presently assisting the company in several ongoing projects and are interested in CellPoint's future growth. "We are very grateful for the valuable assistance these advisors have already provided and will contribute going forward as we continue to position CellPoint for success," said Henricsson. CellPoint Inc. (Nasdaq: CLPT, SSE: CLPT, www.cellpoint.com) is a U.S. company with subsidiary operations in Sweden and 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. delivering mobile location technology platforms and enabling services in cooperation with cellular operators worldwide. CellPoint's end-to-end cellular location technology is a high-capacity system that works 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 GSM networks and uses standard GSM or WAP phones WAP phone n → teléfono WAP and standard Internet services. Several commercial applications are available for business and personal location services See mobile positioning. including Resource Manager(TM) for mobile resource management, iMate(TM) for location-sensitive information and Finder(TM), an application for locating friends and family. CellPoint(TM) and CellPoint Systems(TM) 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. |
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