Cellular Technical Services files registration statement for public offering of common stock.

SEATTLE--(BUSINESS WIRE)--July 2, 1996--CELLULAR TECHNICAL SERVICES COMPANY, INC. (NASDAQ/NM Symbol: CTSC) ("CTS"), a provider of real-time information processing and information management systems for the wireless communications industry, today announced that it has filed a Registration Statement with the Securities and Exchange Commission covering a proposed offering of 1,726,000 shares of its common stock.

Of the 1,726,000 shares covered by the Registration Statement, 1,500,000 shares would be newly issued and sold by CTS, and the proceeds would be used to support the continued growth of CTS. The remaining 226,000 shares would be sold by certain shareholders identified in the Registration Statement. CTS and certain of its shareholders have granted the underwriters an option to purchase up to 258,900 additional shares of CTS common stock solely to cover over-allotments, if any. The managing underwriter of the offering is Gerard Klauer Mattison & Co., L.L.C.

A Registration Statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.

CONTACT: Cellular Technical Services

Michael McConnell, CFO, 206/443-6400

or

CTS Investor Relations 

Lippert/Heilshorn & Associates

Keith Lippert, 212/838-3777

Kris Otridge, 415/955-2735