One Voice Technologies Issues Corporate Update
Tuesday February 27, 10:02 am ET
LA JOLLA, Calif.--(BUSINESS WIRE)--One Voice Technologies, Inc. (OTCBB:ONEV - News) Chairman and CEO Dean Weber, today issued the following corporate update:
ANZEIGE
"We are pleased to provide our shareholders with the following corporate update:
Over the past several months the Company has worked very hard at reducing operating expenses while increasing revenue. As part of our reduction in operating expenses we recently dismissed our previous auditing firm and engaged a new firm as our independent auditors. This decision was based on several factors including cost, timeliness and quality of work. Our new auditors, we feel, will do an outstanding job for our company. In general, over the past four months we have reduced our monthly operating expenses over 30% while at the same time have increased monthly recurring revenue to cover more than half of our operating expenses. We are closing the gap on becoming operationally break even in 2007.
In the telecom sector we are scheduled to launch MobileVoice in Mexico. This will be a tremendous achievement and a pivotal point of great success for our company. We have focused nearly all our resources over the past several months on preparing for this launch in Mexico, which means that other opportunities have not had the same amount of resources available - which has caused some delays such as the release of our Media Center Communicator v3 (MCC) for Windows Vista. We would have liked to have MCC v3 launched by now but we have not had the resources to finalize the MCC release. We do anticipate MCC v3 will be released and available within the next two weeks. In addition to our retail distribution we will make MCC v3 available as a download on a 30-day trial basis. We are very excited about the feedback from beta testers on MCC v3 and all the new features it contains. Regarding our efforts in India, we are in contract discussions and hope to have a signed agreement soon for deployment of our MobileVoice services in this region. Additionally, we are continuing to work with major retailers and OEM's on the PC side for a commitment for our Media Center Remote Control and will keep you informed as developments happen. We are also finalizing the development of a Linux based voice recognition project utilizing our voice technology and plan on offering this same voice technology to Linux developers and PC OEM's that are now offering Linux based computers. This opens new opportunities for our company as we grow and the market demand for Linux rapidly increases.
The steps to great success for our company are few and we are very focused on making this happen. We have had to make several tough decisions over the past few months in order to make this company a shining star of success based on best-of-breed products, technology, dedication and determination. I will keep you updated as events occur and I would like to thank all of you for your continued support of One Voice."
About One Voice Technologies, Inc.
One Voice Technologies, Inc. (OTCBB:ONEV - News) is the world's first developer of 4th Generation voice solutions for the Telecom and Interactive Multimedia markets. Our Intelligent Voice(TM) solutions employ revolutionary, patented technology that allows people to send messages (E-mail, SMS, Instant Messaging and paging), purchase products, get information and control devices - all by using their voice. The company is headquartered in La Jolla, California. For more information, please visit www.onev.com
FORWARD-LOOKING STATEMENT DISCLAIMER
Some of the statements made in this press release discuss future events and developments, including our future business strategy and our ability to generate revenue, income and cash flow, and should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These "forward-looking" statements can generally be identified by words such as "expect," "anticipate," "believe," "estimate," "intend," "plan," and similar expressions. These statements involve a high degree of risk and uncertainty that exists in the Company's operations and business environment and are subject to change based on various factors that could cause actual Company results, performance, plans, goals and objectives to differ materially from those contemplated or implied in these forward-looking statements. Actual results may be different from anticipated results for a number of reasons, including the Company's new and uncertain business model, uncertainty regarding acceptance of the Company's products and services and the Company's limited operating history.
MobileVoice, Media Center Communicator and mceSpeechTools are trademarks of One Voice Technologies, Inc. All other products and company names herein may be trademarks of their registered owners.
Contact:
The Cervelle Group
Rob Karbowsky, (407) 475-9966
Fax: (407) 475-9859
rob@thecervellegroup.com
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Source: One Voice Technologies, Inc.