Technor International Inc. Renamed CellPoint Inc.

Technor International Inc. Renamed "CellPoint Inc." STOCKHOLM, OCTOBER 6, 1999 -- Technor International Inc. has been renamed "CellPoint Inc" and effective today, the new trading symbol on the NASDAQ will be CLPT. CellPoint Systems had been the name of Technor's operating subsidiaries. With the assumption of the CellPoint name for the public company, all of the Company's operations and subsidiaries will be known as CellPoint. "The uniting of our Company under a single name will allow us to continue building the brand identity of CellPoint, which has become well-known in the GSM world as the leader in GSM position-location technology," said Peter Henricsson, Chairman and CEO of CellPoint. "We also believe that the name "CellPoint" more clearly reflects our business and streamlines our commercial and investment image internationally. Henricsson also announced that the Company has taken a number of steps to make the change as seamless as possible for investors and customers. Starting today, the Company's Common Stock will be traded under the symbol, "CLPT" rather than "TNOR". Stockholders do not need to exchange their TNOR certificates; these will automatically be considered CLPT certificates for the same number of shares. The Company's two websites will remain www.cellpt.com and www.technorinc.com, but in the near future, the Technor site address will link directly into the CellPoint website. CellPoint Inc. is a US company whose technology uses the Internet and cellular networks to determine physical locations of cellular phones and special purpose-designed cellular terminals. The positioning technology is similar to satellite-based Global Positioning Systems (GPS) but with the additional capability of determining location inside buildings, parking garages and other shielded areas such as inside a pocket or briefcase that are inaccessible to GPS systems. There are more than 200 million GSM subscribers worldwide. The CellPoint system is currently the world's only commercially operational digital position-location technology; it is fully scalable, works with standard GSM phones and WAP phones in unmodified digital networks requiring no costly overlays, and can be coordinated worldwide from a remote central location. CellPoint has recently announced contracts with France Telecom Mobiles, a division of France Telecom (NYSE: FTE; www.francetelecom.fr), the world's second largest telecommunications company, with operations in over 50 countries, and 24.6 billion euros in 1998 revenues; and with Tele2, a division of NetCom (Nasdaq: NECS), the leading telecommunications company in Scandinavia. CellPoint has filed Form 10SB to qualify for trading on the Nasdaq exchange. For more information, please contact: Technor CellPoint North American International Systems Inquiries Inc. Tel: +46 8 5449 Hadar Cars, The Rowe Group 0000 President Fax: +46 8 5449 Tel: +46 8 877-880-1195 0005 5947 4900 info@technorinc.com Fax: +46 8 3587 90 ajc@rowe- group.com www.technorinc.com info@cellpt.com CellPoint 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. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/10/06/19991006BIT00040/bit0001.doc http://www.bit.se/bitonline/1999/10/06/19991006BIT00040/bit0002.pdf