CellPoint Appoints Lars Persson to the Board of Directors
CellPoint Appoints Lars Persson to the Board of Directors Stockholm, July 24 - CellPoint Inc. (Nasdaq: CLPT, www.cellpt.com) announces that Lars Persson has joined the Board of Directors. Lars Persson is currently the President of Telia Mobile International, a division of Telia Mobile. Telia Mobile is the leading mobile operator in the Nordic countries and one of the worlds leading mobile operators through the International division under Mr. Persson. "My recent travels and work around the world have confirmed the value of positioning technology and location services, where CellPoint already leads the world," said Persson. "Based on my Telia experience in launching international mobile Internet services and mobile portals, I am convinced that CellPoint is in an extremely strong position to deliver mobile location and mobile Internet services worldwide. I also see very strong potential through subsidiary Unwire, an innovator in the wireless field for telematics services." Mr. Persson has been with Telia for three years and 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 other senior management positions in telecommunications and technology companies dating back to 1980. "Mr. Persson is a long time telecoms professional with broad international experience and will make significant contributions to the CellPoint companies," said Peter Henricsson, Chairman and CEO of CellPoint Inc. Mr. Persson is also on the boards of Wireless Maingate and CyberCom, both of Sweden. New CEO for CellPoint Europe "CellPoint Europe has hired a group CEO for the expanded CellPoint operating companies," said Peter Henricsson, Chairman and CEO of CellPoint Inc. "By agreement with his current employer, we will not be announcing his name until next week." The CEO of CellPoint Europe will lead worldwide operations of the CellPoint Systems companies through subsidiaries in Sweden, South Africa and England. Mr. Henricsson remains the Chairman and CEO of CellPoint Inc. 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 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 for mobile resource management and CellPoint Finderä, 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) 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. For information, please contact: CellPoint Inc.: Lynn Duplessis, Tel: +44 1344 624 565, lynn@cellpt.com North American Inquiries: The Rowe Group; 877-880-1195; ajc@rowe-group.com CellPoint , Finder and CellPoint Resource Manager are trademarks of CellPoint Inc. Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities 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 © CellPoint Inc. 2000 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/07/25/20000725BIT00110/bit0001.doc http://www.bit.se/bitonline/2000/07/25/20000725BIT00110/bit0002.pdf