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Pressmeddelande
Stockholm, 31. Juli 2006
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CellPoint and MilCom seize global opportunity
CellPoint Connect AB (publ) and MilCom A/S establish a joint Mobile Services company in London!
As a direct consequence of a rapidly growing international market for mobile communication and marketing services, and an increased demand from current and new customers of both companies to deliver international solutions, the two companies have decided to create a joint Mobile Services company, as of August 1st, 2006.
The company, named Cellpoint Mobile Ltd., is headquartered in London and has offices in Denmark, Sweden, and the US.
Resources for growth!
In addition to the teams, customers and software products that Cellpoint and MilCom are putting into Cellpoint Mobile, the new company will be funded with $2 million. Cellpoint Connect AB will have a 25% ownership of Cellpoint Mobile Ltd. and MilCom A/S will have a 30% ownership.
The CEO of this new company is Kasper Haagensen - CEO of MilCom Digital Invention. The board of directors will consist of Svend J. Christensen - MilCom’s CEO - as chairman, Michael Mathiesen - CEO of Cellpoint Connect - as vice chairman, Kenneth Soldal - founder of MilCom - and Kristian Gjerding - CEO of Cellpoint Connect Americas - as board members.
Customers stand behind Cellpoint Mobile!
Cellpoint Mobile will build on the existing success of both Cellpoint Connect and MilCom, offering the combined products of each company in all of their existing markets, therefore enabling current and new customers to execute true international services and mobile marketing campaigns.
Among the two companies’ existing customers, such as AVIS, The Danish Foreign Ministry, Mediebors Danmark, Razor and Tie/Kidzbop, Big Yard Music Group, VoodooVox and Echostar - one of the world largest satellite networks - the prospect of a true international provider of Mobile services is in the making. Tom Bang Hansen, CEO of Mediebors Danmark, confirms “Cellpoint Mobile, through this new strong joint venture, will be able to participate as a strategic partner in our upcoming marketing projects for both regional and international customers”.
“It is very satisfying to see how our two companies complement each other from an organizational point of view, their customer base and technical levels, and to see that both companies’ considerable investments in development of standardized products will now see an international breakthrough” says CEO of Cellpoint Mobile Kasper Haagensen.
“The establishment of this joint company, backed by MilCom’s extensive experience within the wireless sector and their strong financial resources from their investor group, follows Cellpoint Connect’s recently published strategy of focusing on our headset business. We will soon see the sales synergies in, among others , the Asian Pacific region that we will hand over to the new company” says Cellpoint Connect’s CEO Michael Mathiesen.
Cellpoint Mobile’s new chairman, MilCom’s CEO Svend J. Christensen, agrees and says that “The new company’s strong international ambitions are backed 100% by MilCom and Cellpoint Connect and we have already seen, during the merger process, proof of Cellpoint Connect’s international contacts and experience, especially in the US and Asia. All of this looks promising for our future results”!
“Furthermore, it is great to start this venture based on solutions that have already been proven with a large group of international customers, which is the reason we expect the company to be profitable already next year” continues Mr. Christensen.
For further information please contact:
Kristian Gjerding, board member: +1 305 206 2336
Michael Mathiesen, Vice Chairman: +45 4045 3332
MilCom A/S
The MilCom Group is a 100% Danish owned company with activities in the Nordic region and the Middle East. The company operates in the IT and Telecommunications sectors providing advanced logistic concepts and distribution of mobile phones and accessories, IP and landline phones, navigation electronics as well as web shops and mobility solutions to customers ranging from Telco’s to enterprises.
The MilCom Group has annual sales exceeding $340 million.
CellPoint Connect
CellPoint Connect ApS is the Danish Subsidiary of CellPoint Connect AB (publ), a software and hardware company with 24 employees, and offices in Stockholm and Copenhagen. CellPoint offers customers, through innovation and product development, mobile solutions that increase profitability and enhance communications with consumers, co-workers and suppliers or members. CellPoint is listed on Stockholm´s AktietTorget (www.aktietorget.se) with the following ticker symbol: CPNT.
CellPoint Connect ApS develops, manufactures and markets the Flamingo Bluetooth Headset, a wireless headset using patent-pending EarClick technology for a comfortable fit. Flamingo works with Bluetooth devices such as mobile phones and computers. CellPoint Connect ApS has offices in Denmark and Norway with target markets
in Europe, North America and Asia. |
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