Cell-Loc says national rollout still in the cards, despite cutbacks and
News | 03/19/2001 5:00 am EST
Cell-Loc Inc of Calgary has scaled back plans to build out a national wireless location network following the collapse of the stock market, but maintains a national strategy is still in the works. The depressed stock market and its deflated share price eliminated any hope of getting additional financing to continue its network expansion. The wireless location firm slashed its workforce by about 30 per cent, consolidated office space and decreased capital expenditures, all in an effort to reduce out of pocket costs.
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