REDWOOD CITY, Calif., Oct. 28 /PRNewswire/ -- Phone.com, Inc.
(Nasdaq: PHCM), a leading provider of software that enables the delivery of
Internet-based services to mass-market wireless telephones, today announced
that on October 26, 1999, it successfully completed the acquisition of the WAP
products and related operations of APiON Ltd., a WAP software supplier based
in Belfast, Northern Ireland. In conjunction with the acquisition, Phone.com
issued an aggregate of 1,196,513 shares of Common Stock to the former
shareholders of APiON. In addition, Phone.com will issue common stock and
cash in the aggregate amount of up to $14.1 million subject to certain
conditions, to the APiON employees joining Phone.com and to the former APiON
employees who will be employed in APiON's non-WAP related services business,
which was not acquired by Phone.com. The transaction was accounted for as a
purchase.
(PHOTO: http://www.newscom.com/cgi-bin/prnh/19990706/PHCMLOGO )
APiON is a leading European WAP software supplier with commercial
relationships for delivery of WAP software to 10 GSM wireless network
operators including Swisscom and Sonera. APiON has particular expertise in
GSM Intelligent Networks, wireless data and WAP technology. The acquisition
further increases Phone.com's strong technical and sales presence in North
America, Europe and Asia.
APiON's Irish facilities will form the basis of Phone.com's first product
development center outside of Silicon Valley and will also act as the support
center for carrier deployments in Europe. The combined resources of Phone.com
and APiON will enable the company to provide customers with greater technical
expertise and support.
About Phone.com
Phone.com, Inc. is a leading provider of software and services that enable
the delivery of Internet-based services to mass-market wireless telephones.
Using its software, wireless subscribers have access to Internet- and
corporate intranet-based services, including e-mail, news, stocks, weather,
travel and sports. In addition, subscribers have access via their wireless
telephones to network operators' intranet-based telephone services, which may
include over-the-air activation, call management, billing history information,
pricing plan subscription and voice message management. Phone.com is
headquartered in Silicon Valley, California and has regional offices in
London, Belfast and Tokyo. Visit http://www.phone.com for more information.
Except for the historical information contained herein, the matters
discussed in this news release are forward-looking statements involving risks
and uncertainties that could cause actual results to differ materially from
those in such forward-looking statements. Potential risks and uncertainties
include, but are not limited to, Phone.com's limited operating history,
potential fluctuations in Phone.com's operating results, uncertainties related
to the Phone.com's long sales cycle and reliance on a small number of
customers, Phone.com's dependence on the acceptance of its products by network
operators and wireless subscribers, Phone.com's ability to adequately address
the rapidly-evolving market for delivery of Internet-based services through
wireless telephones, the need to achieve widespread integration of Phone.com's
browser in wireless telephones, competition from companies with substantially
greater financial, technical, marketing and distribution resources and the
ability of Phone.com to manage a complex set of engineering, marketing and
distribution relationships. Further information regarding these and other
risks is included in Phone.com's Form 10-K dated September 24, 1999 and in its
other filings with the Securities and Exchange Commission.
SOURCE Phone.com Inc.
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Related links:
http://www.phone.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/19990706/PHCMLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 201-369-3467
CONTACT:
Alan Black, Chief Financial Officer of
Phone.com, Inc., 650-562-0200, or alan@corp.phone.com; or Bonnie
McBride, Managing Director of The Carson Group, 415-989-0399, or
bmcbride@carsongroup.com, for Phone.com, Inc.
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