Wireless Location Company Wherify Scores $35 Mio. Investment

Feb 10 2006, 2:52am EST | by Luigi Lugmayr

Wherify secured a package of equity financing where the Company can access up to $35 million of common stock equity over a two-year period, subject to effective stock registration and other terms of the agreement, from Dutchess Private Equities LP.

We reported about the Wherify Kids locator Wristwatch the first time way back in 2002. It is good to see that they well stick around.
Wherify will use the funds for marketing efforts and expanding global operations toward the upcoming launch of its Wherifone GPS Locator Phone, assisted-GPS technology platforms, and continued product development.
The Wherifone G550 (photo) is the world’s smallest GSM/Enhanced-GPS Locator Phone. The Wherifone provides affordable peace-of-mind to the modern mobile family. The slim, small and lightweight Tri-Band GSM cell phone (900/1800/1900 and 850/1800/1900) weighs under 70 grams and features incoming and outgoing calling, five programmable buttons for one touch dialing, a headset jack, and a backlit LCD display.
More details on the Wherify Wireless site.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.