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Clariti Telecommunications may be preparing to lay a bombshell on the paging industry. Clariti uses FM radio towers instead of satellites for digital voice paging. Costs to the subscriber are significantly reduced. Foreign countries that can benefit such as China, Brazil and Mexico have FM infrastructure in place and are key targets. 'not confirmed, but believe patent is still pending. As reported on Business Wire news release 4/28/98 Mike McAndrews, the company's president, added, ''We have been testing these Beta pagers under real-world conditions. The pagers are individually addressable, the error correction algorithm works well, and the audio quality is quite good. We have accomplished our goals for the Beta system.'' Contact Jacqueline Gaudenzi, Clariti Investor Relations at 215/425-8682. Shares out: 20.2M float: 10.1M Friday close: 2 29/32 + 23/32 (+32.86%) vol. 583,800 | ||||||||||||
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