Active Voice announces the authorization for the repurchase of 100,000 shares of common stock.SEATTLE--(BUSINESS WIRE)--March 26, 1997--Active Voice Corp. (Nasdaq: ACVC ACVC Ada Compiler Validation Capability ACVC Atlantic Coast Veterinary Conference ACVC Arms Control Verification Committee ACVC Army Commercial Vehicle Code ACVC Air-Cooled Vault Concept ), a leader in PC-based voice processing The computerized handling of voice, which includes voice store and forward, voice response, voice recognition and text to speech technologies. systems and computer-telephone integration (CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. ) products, today reported that its board of directors has authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: the repurchase of up to 100,000 shares of the company's common stock. The shares will be repurchased in the open market. "At the current price levels and with the recent signing of our new strategic relationship with Siemens Business Communication Systems Inc., we believe our stock is an attractive opportunity for the company. Our strong liquidity position enables us to take advantage of this occasion," said Jose S. David, Active Voice chief financial officer. "As we have demonstrated in the past, Active Voice is committed to managing its capital for the benefit of the shareholders." Founded in 1983, Seattle-based Active Voice has offices in Australia, Canada, China, India, the Netherlands and the United Kingdom. The company has more than 41,000 installations in virtually every type of business in 60 nations worldwide. Active Voice products are sold through a global network of independent telecommunications dealers and computer resellers. More information about Active Voice Corp. and its products is available at the company's web site, www.activevoice.com . -0- For more information, please contact the following: -- Financial: Jose S. David, 206/441-4700, ext. 105, jdavid@activevoice.com -- Investor Relations Investor relations The process by which the corporation communicates with its investors. : Carolyn Paola, 206/441-4700, ext. 197, ir@activevoice.com -- Marketing and public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most : Diane M. Williams, 206/441-4700, ext. 132, dwilliams@activevoice.com CONTACT: Active Voice Jose S. David, 206/441-4700, ext 105 ir@activevoice.com |
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