secures $2 million in funding

Published on .

Wireless start-up secured $2 million in venture capital from Cupola Investments, with a mandate to raise a further $33 million. Using Global Positioning software and WAP applications, GeePS markets a promotional system that enables retailers to send messages to prospective customers nearby. Transactions can be completed through the wireless-enabled shopping portal.

Copyright May 2000, Crain Communications Inc.

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