CellPoint Trading on Nasdaq.Business/Technology Editors NEW YORK--(BUSINESS WIRE)--July 12, 2000 Starting today, the common stock of CellPoint Inc. (Nasdaq: CLPT, www.cellpt.com) is trading on the Nasdaq National Market. 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. CellPoint is the world's leading provider of commercial cellular positioning technology and services for GSM cellular phones, Mobile Internet applications and WAP (1) (Wireless Access Point) See access point. (2) (Wireless Application Protocol) A standard for providing cellular phones, pagers and other handheld devices with secure access to e-mail and text-based Web pages. (Wireless Application Protocol). Recent press releases have announced agreements with Yahoo! (Nasdaq: YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ), Nokia (NYSE NYSE See: New York Stock Exchange : NOK NOK In currencies, this is the abbreviation for the Norwegian Krone. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), Ericsson (Nasdaq: ERICY) and other leading telecommunications and Internet companies. CellPoint Inc. is a US company with subsidiary operations in Sweden, Great 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 by 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. For more information, please contact: CellPoint Inc.: +44 1344 624 565; Fax: +44 1344 623 090; www.cellpt.com; info@cellpt.com North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Inquiries: The Rowe Group; 877-880-1195; ajc@rowe-group.com Media Contact: Lynn Duplessis, Tel: +44 1344 624 565; Lynn@cellpt.com 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 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 |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion