CellPointTM Accepted for Listing on Nasdaq National Market
TM CellPoint Accepted for Listing on Nasdaq National Market London, July 10 - CellPoint Inc. (NASD: CLPT, www.cellpt.com) is pleased to announce that its application to list its Common Stock on the Nasdaq National Market has been approved. Trading of the Common Stock of CellPoint on the Nasdaq National Market will commence on Wednesday, July 12, 2000. The ticker symbol will remain CLPT. "This is a major milestone for us as a company," said Peter Henricsson, Chairman and CEO of CellPoint Inc. "The Nasdaq National Market listing opens us to investors and institutions whose policies or by-laws prevent investing in so-called 'penny stocks'. It increases our visibility to investors worldwide, keeping pace with the spread of our technology and services worldwide." The NASDAQ (National Association Of Securities Dealers Automatic Quotations) is a completely computerized stock exchange with global access and recognition. Nasdaq is owned and operated by the National Association of Securities Dealers; its quotes are widely available on the web and are published in the financial pages of most newspapers. 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@ for mobile resource management and Finder@, 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 to 2005 are one billion users, whereas worldwide shipments of cellular handsets with embedded GPS (Global Positioning System) 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 Inquiries: The Rowe Group; 877-880-1195; ajc@rowe-group.com Media Contact: Lynn Duplessis, Tel: +44 1344 624 565; Lynn@cellpt.com TM CellPoint is a trademark 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/2000/07/10/20000710BIT00280/bit0001.doc http://www.bit.se/bitonline/2000/07/10/20000710BIT00280/bit0002.pdf