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INPC Inphonic (MM)

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Share Name Share Symbol Market Type
Inphonic (MM) NASDAQ:INPC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

InPhonic Announces Stockholder to Suspend 10b5-1 Trading Plan

05/10/2005 1:57pm

Business Wire


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.

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