CellPoint Unwire and Mint Start M-commerce Cooperation

CellPoint Unwire and Mint Start M-commerce Cooperation Stockholm February 28, 2001 --CellPoint Unwire (www.unwire.com), the wireless telemetry division of CellPoint Inc. (NASDAQ: CLPT, www.cellpoint.com) announces a cooperation agreement with Mint AB (www.mint.nu), a Swedish company offering services enabling customers to make purchases with mobile phones. The companies will cooperate to promote each other's products and services within telemetry and M-commerce for vending machines and other payment applications. "Mint's customers are already able to use their mobile phones while shopping in stores," said Patrik Mossberg, Managing Director of Mint. Through the Unwire agreement, all Mint users will also be able to pay in unattended situations such as car washes, parking meters, coffee machines and vending machines¯situations when people now and then suffer from a lack of coins. "The Unwire agreement is a natural, strategic step for Mint, which will bring us closer to our vision: The mobile phone could replace the wallet. The deal gives us also access to Unwire's skills and products within wireless telemetry as well as access to their distributors and system integrators," added Mossberg. "The cooperation with Mint means that we can offer our system integration and industrial clients working payment solutions through mobile phones that work together with our own telemetry solutions for vending machines," said Michael Wallón, Vice President Market and Business Development at Unwire. "The agreement also gives us access to Mint's skills and products within the mobile shopping area." For further information, please contact: Mint AB: Patrik Mossberg, Managing Director, tel +46 (0) 8-545 691 00, mobile +46 (0) 733-25 40 22, e-mail: patrik.mossberg@mint.nu. CellPoint Unwire: Michael Wallón, Vice President, Market and Business Development, mobile +46 (0) 708 50 00 05 Website: www.unwire.com, E-mail: info@unwire.com Unwire AB 13 Solna Torg, 3rd floor, Box 1449 SE-171 28 SOLNA, Sweden Phone: +46 (0) 8-446 64 00, fax: +46 (0) 8-446 64 10 Mint AB (www.mint.nu) markets an integrated payment and loyalty service (Mint) which enables its customers to buy goods and services just by using a standard mobile phone. In Mint's world, the mobile phone also works as a wallet, a database for all purchases and has advantages such as a show- window for interesting offers from dealers and advertisers. More than a hundred shops, restaurants, hairdressers and other businesses in Stockholm have already joined the Mint system. The company was founded in February 2000 by Fredric Ankarcrona, Wouter van der Wijngaart och Patrik Mossberg, and the service was launched in Stockholm in January 2001. Unwire AB (www.unwire.com) is a wholly-owned subsidiary of CellPoint Inc. Unwire develops and manufactures wireless telemetry terminals, designs wireless applications and is considered to be a leading company in the world for innovative wireless telematics services. Unwire has four universal GSM server telemetry terminals, the UP 100, UP 200, GT-1 and GT- 3. Each can be used for measuring, control, communication and positioning. Unique software is written for each new application allowing for fast integration and deployment for vehicle related and non-vehicle related telemetry and tracking solutions. Unwire's programmable telemetry terminal servers are integrated with the CellPoint System Platform enabling a broad range of applications for wireless remote management and control. CellPoint Inc. (Nasdaq: CLPT, www.cellpoint.com) is a US company with subsidiary operations in Sweden, Great Britain and South Africa delivering location and wireless telemetry services in cooperation with cellular operators worldwide. CellPoint's end-to-end cellular location technology offers a high-capacity solution for unmodified GSM and uses standard GSM or WAP phones and standard Internet services. Several commercial applications are available for business and personal location services including Resource Managertm for mobile resource management, iMatetm for location-sensitive information and Findertm, an application for locating friends and family. CellPointtm, Finder, Resource Manager, iMate and CellPoint Systemstm 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. 2001 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/02/28/20010228BIT00270/bit0001.doc http://www.bit.se/bitonline/2001/02/28/20010228BIT00270/bit0001.pdf