[0] Lernout & Hauspie Speech Products N.V., Dictaphone Corporation and L&H Holdings USA, Inc. Advise Creditors of Deadline for Filing Claims Set by U.S. Bankruptcy Court.Business Editors IEPER, Belgium, STRATFORD, Conn. & BURLINGTON, Mass.--(BUSINESS WIRE)--May 2 2001--Lernout & Hauspie Speech Products N.V. (EASDAQ See European Association of Securities Dealers Automated Quotation. : LHSP LHSP List Hosting Service Provider LHSP Left Handed Starting Pitcher , OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :LHSPQ), Dictaphone Corporation and L&H Holdings USA, Inc. (formerly Dragon Systems Dragon Systems, Inc., was the company that created DragonDictate and Dragon NaturallySpeaking. It was founded in 1982 by Drs. James and Janet Baker and bought by Lernout & Hauspie in 2000. , Inc.) (collectively, the "L&H Group") wishes to advise creditors and parties-in-interest that, pursuant to an order of the United States Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. for the District of Delaware (the "U.S. Bankruptcy Court") dated April 18, 2001, creditors and parties-in-interest who wish to assert a claim arising or deemed to have arisen prior to November 29, 2000 in the chapter 11 bankruptcy cases of the L&H Group currently pending in the U.S. Bankruptcy Court must file a proof of claim against that member of the L&H Group on or before June 11, 2001, at 4:00 p.m., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Time (the "Filing Deadline"). The establishment of the Filing Deadline is part of the administrative process of reconciling claims against the L&H Group arising or deemed to have arisen prior to November 29, 2000. Any creditor or party-in-interest that wishes to assert a claim against any member of the L&H Group must file, on or before the Filing Deadline, an original proof of claim form against that member of the L&H Group, substantially in conformity with the proof of claim form prepared for the L&H Group's chapter 11 bankruptcy cases. A copy of the proof of claim form and a notice which, among other things, explains the Filing Deadline and contains detailed instructions for filing a proof of claim, can be obtained by calling Donlin Recano & Company, Inc. at (212) 481-1411, between 10:00 a.m. and 4:00 p.m., New York Time. About Lernout & Hauspie Lernout & Hauspie Speech Products N.V. (`L&H') is a global leader in advanced speech and language solutions for vertical markets, computers, automobiles, telecommunications, embedded products, consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and and the Internet. The company is making the speech user interface (SUI Sui (swā), dynasty of China that ruled from 581 to 618. This short-lived dynasty reunified China in 589 after 400 years of division and laid the foundation for further consolidation under the T'ang dynasty. ) the keystone of simple, convenient interaction between humans and technology, and is using advanced translation technology to break down language barriers. The company provides a wide range of offerings, including: customized solutions for corporations; core speech technologies marketed to OEMs; end user and retail applications for continuous speech products in horizontal and vertical markets; and document creation, human and machine translation services, Internet translation offerings, and linguistic tools. L&H's products and services originate in four basic areas: automatic speech recognition (ASR (Automatic Speech Recognition) Using voice recognition to replace keypad entry for telephone voice menus. Typically used to speak the digits 0 through 9 insted of keying them, ASR systems may be able to recognize a limited vocabulary. See voice recognition and AVSR. ), text-to-speech (TTS (1) See text-to-speech. (2) (Transaction Tracking System) Software that monitors a transaction until completion. In the event of a hardware or software failure, it ensures that the database is brought back to its former state before the attempt to ), digital speech and music compression (SMC SMC Saint Mary's College SMC Santa Monica College SMC Solaris Management Console SMC Smooth Muscle Cell SMC Small Magellanic Cloud (also see LMC) SMC Safety Management Certificate (maritime shipping) ) and text-to-text (translation). For more information, please visit Lernout & Hauspie on the World Wide Web at www.lhsl.com. This Press Release contains forward-looking information that involves risks and uncertainties, including statements about the company's plans, objectives, expectations and intentions. Readers are cautioned that forward looking statements include known and unknown risks, including the uncertainties associated with the company's recent chapter 11 filings in the United States and similar proceedings in Belgium, uncertainty of new product development, the risk that newly introduced products may contain undetected errors or defects or otherwise not perform as anticipated, the early state of development of the speech, language and medical information technology markets, the ability of L&H's customers to successfully integrate and commercialize L&H's technology, the retention of key technological and other personnel, currency and other risks related to international operations, rapid technological change and intense competition, as well as other risks set forth in L&H's filings with the Securities and Exchange Commission. The forward-looking statements contained herein speak only as of the date of this Press Release. L&H is a trademark or registered trademark of Lernout & Hauspie Speech Products N.V. or its affiliates, in the United States and/or other countries. All other product names or trademarks referenced herein are trademarks of their respective owners. |
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