Etelos to Trade Under the Stock Symbol ETLO
SAN MATEO, Calif.--(BUSINESS WIRE)----
Etelos, Inc. (OTCBB:ETLO) a leading provider of SaaS for
businesses of any size, today announced that the OTC Bulletin Board
has issued it the stock symbol ETLO, effective April 29, 2008. Etelos
recently completed its reverse merger into Tripath Technology, Inc.
and through this transaction, will become a publicly traded company.
"With our merger completed, we are eager to begin trading under
the symbol ETLO," said Jeffrey L. Garon, Etelos president and CEO.
"The market for the development, distribution and consumption of
browser-based applications is undergoing tremendous change. Our SaaS
implementation will ultimately allow business consumers to more easily
build suites of applications that are customizable, scalable and
portable. Our SaaS model includes a Platform as a Service (PaaS), a
Marketplace for distribution and many cool Web apps for businesses and
users alike, creating an environment of platform agnostic distributed
computing."
About Etelos, Inc.
Etelos (OTCBB:ETLO) provides on-demand browser-based applications
on the hosting environment that you choose. Etelos(TM) technology for
developing and deploying on-demand applications is revolutionizing the
world of software distribution. The Etelos Marketplace(TM) gives
developers an easy way to license, distribute and host their
applications, and businesses a wide selection of fully customizable,
on-demand applications. Etelos, Etelos CRM(TM), Etelos Projects(TM),
and Etelos Marketplace are trademarks of Etelos, Inc.; other
trademarks are the property of their respective owners. For more
information about Etelos, please visit www.etelos.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release regarding Etelos'
business which are not historical facts may be "forward-looking
statements" that involve risks and uncertainties. Forward-looking
statements include, among other things, statements concerning the
evolution of the market for browser-based applications, the timing of
the commencement of trading of Etelos stock, the future financial
performance of our company, the acceptance of our products and
services, the success and timeliness of our product and platform
roll-out and other statements qualified by words such as "anticipate,"
"believe," "intend," "may" and other words of similar import. These
statements are neither promises nor guarantees, but involve risks and
uncertainties that could cause actual results to differ materially
from those set forth in the forward-looking statements. For a
discussion of such risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see "Risk Factors" in the Company's reports that Etelos
files periodically with the Securities and Exchange Commission. All
forward-looking statements are qualified in their entirety by this
cautionary statement, and Etelos undertakes no obligation to update
publicly any forward-looking statement for any reason, except as
required by law, even as new information becomes available or other
events occur in the future.
Green Communications Consulting, LLC
Leslie Green, 650-312-9060
leslie@greencommunicationsllc.com
Keyword: United States North America California
Industry Keyword: Technology Internet Software IPO
Source: Etelos, Inc.
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