American Stock Exchange to Trade Options on Novatel Wireless, Inc. NEW YORK, April 30 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) will launch trading in options on Monday, May 3, 2004 on the Nasdaq Stock Market listed stock of Novatel Wireless, Inc. (Option Symbol: NVU/Stock Symbol: NVTL). Novatel Wireless, Inc. will open with strike prices of 12-1/2 - 15 - 17-1/2 and position limits of 6,000,000 shares. The options will trade on the March expiration cycle with initial expirations in May, June, September and December. The specialist will be AGS Specialists, LLC. Novatel Wireless, Inc. provides wireless data communications access solutions. The Company provides wireless data modems and software for use with handheld computing devices and portable personal electronics. Novatel also offers provisioning, activation and systems integration services to its customers to facilitate use of its products. The American Stock Exchange(R) (Amex(R)) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 138 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. DATASOURCE: The American Stock Exchange CONTACT: Lynn Duffy, American Stock Exchange, +1-212-306-1654, Web site: http://www.amex.com/

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