DGAP-News: Vtion Wireless Technology AG CEO Announces Lock-Up Extension
(firmenpresse) - Vtion Wireless Technology AG / Key word(s): Miscellaneous
27.10.2010 11:08
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Frankfurt, 27 October, 2010. Vtion Wireless Technology AG CEO Mr. Chen
Guoping today announces that he has prolonged the lock-up agreement for his
shares of the company, which constitute just under 50% of the total company
shares, until April 1, 2011. This is an additional six months after the
original lock-up following the IPO on October 1, 2009 has expired.
'I have great confidence that many better days lay ahead for Vtion, and my
decision to extend my lock-up is indicative of that', states Mr. Chen,
Vtion CEO. 'I hope that this gesture will provide clarity as to my
intentions for the company and serve as further proof to investors that I
am personally both financially and emotionally invested in the long-term
growth of Vtion and the creation of greater shareholder value', he
concluded.
About Vtion
The Vtion Group is one of the three leading suppliers of wireless data
cards and associated services for mobile computing via broadband wireless
networks in the People's Republic of China. The Vtion Group concentrates
mainly on the development and sale of wireless data cards, including
computer interface software and the provision of appropriate after-sales
services. The Vtion Group also supplies Internet-based data service
solutions. Currently the company is comprised of approximately 200
employees and realized revenues of Euro 67.6 million and a net profit of
Euro 16.55 million for 2009. The Vtion Wireless Technology AG shares are
being traded in the Prime Standard on the Frankfurt Stock Exchange with the
ISIN DE000CHEN993. The company's ticker symbol is V33.
For further information, please contact:
Kirchhoff Consult AG
Dr Kay Baden
tel.: +49 40 60 91 86 0
baden(at)kirchhoff.de
or visit the company website at: www.vtion.de
27.10.2010 11:08 Dissemination of a Corporate News, transmitted by DGAP -
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The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Vtion Wireless Technology AG
Westhafen Plaza 1
60327 Frankfurt
Deutschland
Phone: +49 69 710 456 245
Fax: +49 69 710 456 248
E-mail: ir(at)vtion.de;janina.wismar(at)kirchhoff.de
Internet: www.vtion.de
ISIN: DE000CHEN993
WKN: CHEN99
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Hamburg, München, Düsseldorf, Berlin, Stuttgart
End of Announcement DGAP News-Service
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Datum: 27.10.2010 - 11:08 Uhr
Sprache: Deutsch
News-ID 32421
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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"DGAP-News: Vtion Wireless Technology AG CEO Announces Lock-Up Extension"
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Vtion Wireless Technology AG (Nachricht senden)
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