CellPoint Europe Appoints Lars Persson CEO Reknowned Telecoms Executive to Head CellPoint Subsidiaries.Business/Technology Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--Aug. 3, 2000 CellPoint Inc. (Nasdaq: CLPT; www.cellpt.com ) is pleased to announce Lars Persson as Chief Executive Officer for CellPoint Europe Limited to lead the worldwide commercial operations of the CellPoint location services See mobile positioning. companies. Mr. Persson was most recently President of Telia Mobile International. Telia Mobile is the leading mobile operator in the Nordic countries and one of the world's leading mobile operators. "Through my experience in launching international mobile Internet Refers to gaining access to the Internet using a lightweight, handheld device. See Mobile IP, PDA, smartphone and mobile TV. services and mobile portals, I have seen that CellPoint leads the world with commercial location services for business and consumer markets," said Persson. "CellPoint's strong technology roadmap The context of product management The existence of product managers in the product software industry indicates that software is becoming more and more commercialized as a standard product. ensures future-proof commercial services that are also key components to the mobile Internet for mass commercial usage." Mr. Persson has been with Telia for more than three years. He was the Managing Director for France Telecom in the Nordic countries from 1992 - 1997, now known commercially as Global One. Prior to that he held senior management positions in telecommunications and technology companies dating back to 1980. "Lars is the proven leader we sought for the explosive growth stage we are now in," 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. "He is an innovator with vast international experience and a high level contact network in the telecoms industry that will further accelerate our successful growth in this emerging multi-billion dollar market." Lars Persson will lead the CellPoint subsidiaries in Sweden, the UK 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. with overall responsibility for worldwide sales, marketing, development, and implementation of the CellPoint technology and services. In recent events, CellPoint Inc. was approved for trading on the Nasdaq National Market and announced agreements with France Telecom Mobiles, Yahoo! Tele2, Ericsson, Webraska and other key companies in telecommunications and the Mobile Internet. 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 telematics Originally coined to mean the convergence of telecommunications and information processing, the term later evolved to refer to automation in automobiles. GPS navigation, integrated hands-free cellphones, wireless communications and automatic driving assistance systems all come under the 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 CellPoint Finder(TM), an application for locating friends and family. 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 four million in 2000 and 38.5 million in 2003. The wireless location services industry in Europe alone is estimated by The Strategis Group to generate more than $80 billion between now and 2005. CellPoint(TM), Finder(TM) and CellPoint 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. Copyright (c) CellPoint Inc. 2000 |
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