CellPoint Retains KCSA Public Relations Worldwide As Investor Relations Counsel.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 2, 2001 CellPoint Inc. (Nasdaq:CLPT) (STOCKHOLM:CLPT.), a global provider of mobile location technology and services, announced today that it has retained KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Worldwide for investor and public relations support. Sarah Shepard, managing director of KCSA Public Relations Worldwide said, "CellPoint has initiated this investor relations Investor relations The process by which the corporation communicates with its investors. program to reach out to a wide audience to increase visibility of its advanced wireless location technology and services and highlight the business models which will provide the foundation for future growth. With increased exposure, the combination of CellPoint's strong management team and its advanced technology offerings in the mobile telecommunications industry will maximize market value for its shareholders." CellPoint specializes in mobile location technology and services that enable applications for safety and security, mobile workforce management Workforce Management (WFM) encompasses all the responsibilities for maintaining a productive and happy workforce. Sometimes referred to as HRMS systems, or even the larger ERP systems (Oracle, PeopleSoft, SAP). There are many software vendors within this space. , buddy list A list of colleagues, workgroup members, friends, etc., that you might wish to communicate with via instant messaging. See instant messaging. location for friends and family, gaming, permission-based marketing, entertainment and information services See Information Systems. . User-controlled privacy and data security are core elements of CellPoint's Mobile Location System. CellPoint has the leading market share of commercial location platforms with mobile carriers today and focuses on GSM, GPRS (General Packet Radio Service) The first high-speed digital data service provided by cellular carriers that used the GSM technology. GPRS added a packet-switched channel to GSM, which uses dedicated, circuit-switched channels for voice conversations. and UMTS/3G networks. GSM is the dominant communication standard in digital cellular worldwide with 70% market share. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Schema Group (July 2001), location-based services will be worth US$38 billion in consumer spending by 2005. Commenting on the KCSA appointment, Peter Henricsson, CellPoint chairman and chief executive officer, said, "KCSA's vast experience in exposing emerging technology companies to the U.S. financial markets, with a specialization in the telecommunications industry, will help to broaden CellPoint's key messages in the US market. The Company is committed to raising global awareness and has retained KCSA to communicate its long-term strategy for success to gain support from members of the investment community, mobile operators, media and the general public." CellPoint Inc. (Nasdaq and Stockholmsborsen: CLPT, www.cellpoint.com) is a US company with subsidiary operations in Sweden, Great Britain and South Africa delivering mobile location technology and services in cooperation with cellular operators worldwide. CellPoint's end-to-end cellular location technology is a high-capacity system that 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. About KCSA Public Relations Worldwide KCSA Public Relations Worldwide is an independent communications counseling firm operating throughout the United States and Europe, that provides its clients with experienced corporate guidance, integrated financial/investor relations, and sophisticated business marketing communications services. The company was recently ranked by O'Dwyer's Newsletter as the number one Financial PR and IR firm among independent agencies in the U.S. CellPoint(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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion