InPhonic Announces Stockholder to Suspend 10b5-1 Trading Plan
05 October 2005 - 10:57PM
Business Wire
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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