Inphonic (NASDAQ:INPC)
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InPhonic, Inc. (Nasdaq:INPC) announced today that
Technology Crossover Ventures, TCV, has suspended its 10b5-1 trading
plan for selling InPhonic common stock.
TCV announced adoption of the 10b5-1 trading plan on September 7,
2005, which allowed TCV to sell a portion of their InPhonic common
stock over time. Rule 10b-1 allows corporate officers, directors and
other insiders to adopt written, pre-arranged stock trading plans when
they are not in possession of material, non-public information.
About InPhonic
Headquartered in Washington, D.C., InPhonic, Inc. is a leading
online retailer of wireless services and products. InPhonic sells
these services and devices, and provides customer service through
websites that it creates and manages for online businesses, national
retailers, member-based organizations and associations under their own
brands. InPhonic also operates Wirefly, a leading mobile phones and
wireless plans comparison site that was awarded "Best of the Web" by
Forbes magazine in 2004. Today, InPhonic owns and operates one of the
top five MVNOs in the United States, Liberty Wireless, and can deliver
a full range of mobility solutions to enterprise clients through its
Mobile Virtual Network Enablement (MVNE) platform. In 2004, InPhonic
was selected #1 company of the year on the Inc. 500 - Inc. Magazine's
list of the fastest-growing privately held companies in the United
States. For more information on the company, its products and
services, visit the InPhonic Corporate Web site at www.inphonic.com.
"Safe Harbor" Statement - Under the Private Securities Litigation
Reform Act of 1995, this press release may contain forward-looking
statements that involve risks and uncertainties. Important factors,
which could cause actual operating results to differ materially from
those in the forward-looking statements, are detailed in filings with
the Securities and Exchange Commission made from time to time by the
Company. This press release and statements are current as of the date
of the individual announcements and the Company undertakes no
obligation to publicly release any revisions to any forward-looking
statement to reflect events or circumstances after the date thereof or
to reflect the occurrence of unanticipated events.