Trading Halted in CellPoint
Trading Halted in CellPoint Stockholm, March 11, 2002 - CellPoint Inc. (Nasdaq: CLPT), a global provider of mobile location software technology and platforms, has halted trading in its stock this morning. Jakob Sintring, Communications Manager for CellPoint in Sweden, said "The press release was distributed prematurely in error; trading will resume once the Company has approved the information for public release. We apologize for any inconvenience." CellPoint Inc. (Nasdaq and Stockholmsbörsen: CLPT) is a leading global provider of location determination technology, carrier-class middleware and applications enabling mobile network operators rapid deployment of revenue generating location-based services for consumer and business users and to address mobile E911/E112 security requirements. CellPoint's two core products, Mobile Location System (MLS) and Mobile Location Broker (MLB), provide an open standard platform adapted for multi-vendor networks with secure integration of third-party applications and content. CellPoint's location platform handles over 500,000 location requests per hour and has a seamless migration path to GPRS and 3G. CellPoint's early entry and experience with European mobile operators has allowed the development of products and features that address key requirements such as active and idle mode positioning, international roaming, multiple location determination technologies and consumer privacy. CellPoint is a global company headquartered in Kista, Sweden. For more information, please visit www.cellpoint.com. For information, please contact: KCSA Public Relations Worldwide: Sarah Shepard / Madelene Glomsten Tel: (212) 896-1236 / (212) 896-1258 sshepard@kcsa.com / mglomsten@kcsa.com CellPointtm 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. 2002 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/03/11/20020311BIT00950/wkr0001.doc http://www.waymaker.net/bitonline/2002/03/11/20020311BIT00950/wkr0002.pdf