23.11.2005Fonix Speech, an operating group of Fonix Corporation, an integrated communications carrier providing telecommunications services and value-added speech technologies, selected by Microsoft to deliver voice command technology for the Xbox 360(TM) videogame and entertainment system."The global videogame market is expected to exceed $12 billion in the upcoming year," said Tim K. Hong, VP of Games, Fonix Corp. "With our continued collaboration with Microsoft, Fonix is uniquely positioned to keep providing Xbox developers and gamers with cutting-edge technology. Next-generation videogames are eagerly anticipated by the market, and Fonix expects increased revenue growth, market leadership and industry accolades as developers use the increased capabilities of Xbox 360(TM) to showcase the many possibilities for voice recognition in games."
Currently, there are eight Xbox games shipping with Fonix voice command technology: "Delta Force -Black Hawk Down," published by Novalogic; "SWAT(TM): Global Strike Team," published by Vivendi Universal Games; "NASCAR 06 Total Team Control," published by EA ports; and select titles from Ubisoft.
So far, today's volume surge has caused a net decline in FNIX's stock price. At the time of this alert, the stock was trading at $0.030, down $-0.003 (-9.09%).
One year ago, the Company's shares closed at $0.143. The price has declined more than 79 percent since then.