CellPoint Appoints Jan Zaar General Manager for the Stockholm Branch.Business/Technology Editors STOCKHOLM--(BUSINESS WIRE)--Nov. 24, 2000 CellPoint (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.cellpt.com) announces Jan Zaar has been appointed General Manager for CellPoint Systems in Sweden. Jan has a solid background in mobile communications with ten years of GSM development experience with Ericsson. For the last two years, Jan has been the Manager for W-CDMA/UMTS System Management at Ericsson. "With the large investments in UMTS (Universal Mobile Telecommunications System) The GSM implementation of the 3G wireless phone system. Part of IMT-2000, UMTS provides service in the 2 GHz band and offers global roaming and personalized features. licences and infrastructure, the need for new and profitable mobile applications is an absolute must," said Mr. Zaar. "I firmly believe that location applications will be among the first ones to be successful on the market both for GSM and UMTS and that CellPoint will be a key player in this area." Lars Persson, 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 Europe, stated: "Within CellPoint, we are very pleased that a person with Jan's experience and strong background is joining us for this very important position as the General Manager in Stockholm. He will lead the development of CellPoint's location services See mobile positioning. and head the Company on the Nordic market." CellPoint Inc. (Nasdaq: CLPT, www.cellpt.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 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 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, iMate(TM) for location-sensitive information and Finder(TM), 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(TM), Resource Manager(TM), iMate(TM) and CellPoint Systems(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. Copyright (c) CellPoint Inc. 2000 |
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