CellStar Corp. said it formed a distribution relationship with Cellular One Group. The company said the agreement is a nationwide strategic cellular accessory program encompassing original equipment manufacturer products from Motorola Inc., NEC Corp., Nokia Inc., Ericsson Inc. and Oki telecom, as well as aftermarket accessories. As part of the program, CellStar said it will supply Cellular One licensees with a line of OEM accessory products from major manufacturers, as well as sales and marketing training, interactive aids and high-impact retail displays.
Illinois Superconductor Corp. announced it completed the sale of 356,473 units in a private placement that raised about $3.85 million before expenses. The company said each warrant has a term of two years and will be exercisable for the purchase of one share of common stock at a purchase price of $13 per share. Illinois Superconductor said it plans to use part of the proceeds of the offering to fund its cellular base station filter product development programs.
Boston Technology Inc.’s shareholders have filed a class action lawsuit against the company and some of its former officers and directors in the United States District Court of the Eastern District of Pennsylvania, the company announced. The lawsuit asserts that certain public reports and press releases the company issued between May 16 and Nov. 15 were false and misleading, and the named officers and directors sold shares of stock during the same period on the basis of inside information. Boston said the lawsuit is without merit and the company intends to defend it.
Paging Network Inc. said it and paging partner MCI Communications Corp. are expanding their marketing efforts to target prospective paging customers through a promotional mailing this month to more than 4 million credit-card holders. The promotion, conducted in cooperation with a major credit card issuer, will offer paging service under the MCI brand name and be supported by PageNet’s nationwide network, PageNet said. “We’re enthusiastic about leveraging our proven success with PageNet to expand into new market segments,” said Chris Mannella, director of brand marketing at MCI. “This promotion provides MCI with an excellent opportunity to target very promising prospective customers.”
URS Telecommunications Inc., a subsidiary of URS Corp., said it received a contract award from Western PCS to develop 25 sites, which will service Western’s personal communications services telephone network in Portland, Ore. URS said it will provide both architectural and engineering services for the design of the sites. Headquartered in Bellevue, Wash., Western is a subsidiary of Western Wireless Corp., which owns and operates wireless telephone systems in 70 markets in the Northwestern United States. Western PCS was awarded licenses to provide PCS wireless telephone services in Portland, Ore.; Salt Lake City; El Paso, Texas; Oklahoma City; Des Moines, Iowa and Honolulu.
