CellPoint CEO Featured in Interview on WallStreetReporter.com
CellPoint CEO Featured in Interview on WallStreetReporter.com Discusses Yahoo! Agreement, Pending Nasdaq Listing London, May 8 -- Peter Henricsson, Chairman and CEO of CellPoint Inc., is featured in an interview today with WallStreetReporter.com, an online financial forum where leaders in high tech industries and their companies are profiled and analyzed. In the interview, Henricsson discussed CellPoint's agreement with Yahoo! (Nasdaq: YHOO, www.yahoo.com) regarding CellPoint's Finder! product and what it represents for both companies. Henricsson also elaborated on CellPoint's commercial progress with more than 10 undisclosed GSM operators around the world. The interview closed with a discussion about the upcoming Nasdaq listing where Henricsson also stressed that CellPoint is a wireless telecommunications company rather than a "dot.com" venture. The full interview can be accessed later today at www.wallstreetreporter.com. This week, Peter Henricsson is presenting CellPoint at the Telecoms & Technology Conference being attended by more than 350 institutional fund managers. The New York conference is sponsored by Flemings, an international asset management and investment banking group with a network of offices in over 40 countries around the world and over 7,500 staff. The Flemings group has an extensive equity research and distribution network with over 300 analysts covering more than 2,800 stocks, and was recently acquired by Chase Manhattan. CellPoint Inc. (NASD: CLPT; www.cellpt.com) is a US company with subsidiary operations in Sweden, Great Britain and South Africa delivering positioning and telematics services in cooperation with cellular operators worldwide. Several commercially available services are based on the CellPoint System technology that uses GSM cellular networks to determine physical locations of cellular phones and Internet applications to present results and manage location and telematics services. CellPoint currently has the world's only end-to-end commercial service offerings for digital cellular location technology; it is fully scalable, works with standard GSM phones and WAP phones in unmodified digital networks, and can be coordinated worldwide from a remote central location. Unwire AB (www.unwire.se) a wholly owned subsidiary of CellPoint Inc., develops and manufactures telematics terminals, designs wireless applications and is considered to be a leading company in the world for innovative wireless telematics services. GSM accounts for more than 66% of the world digital cellular market with more than 285 million subscribers worldwide. Estimates for cellular phone usage are now at 1.5 billion users by 2005, with GSM accounting for two- thirds of the total market, and one billion mobile Internet users by 2005. For more information, please contact: CellPoint Inc.: investinfo@cellpt.com North American Inquiries: The Rowe Group; 877-880-1195; ajc@rowe-group.com CellPoint, Finder! and CellPoint Systems 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 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/08/20000508BIT00590/bit0001.doc http://www.bit.se/bitonline/2000/05/08/20000508BIT00590/bit0002.pdf