Advanced Voice Recognition Systems, Inc. to Receive $5 Million Investment From Wichita, Kansas Firm Lion Share Capital, LLC.SCOTTSDALE, Ariz. -- Advanced Voice Recognition Systems, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AVOI) today announced that private equity firm Lion Share Capital, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control has committed to purchase 16,000,000 shares of the Company's common stock for $5 million. The investment by Lion Share Capital will be made in installments, commencing on November 9, 2008. Advanced Voice Recognition Systems, Inc., (AVRS AVRS Automated Voice Response System AVRS Auto Vibration Reducing System ) specializes in creating interface and application solutions utilizing patented and proprietary algorithms The following is a list of the algorithms described in Wikipedia. See also the list of data structures, list of algorithm general topics and list of terms relating to algorithms and data structures. , software and hardware for speech recognition technology. AVRS President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Walter Geldenhuys said, "We plan to use the additional capital to strengthen our position in the speech technology market. The funding of this investment is expected to allow us to aggressively accelerate several aspects of expansion by adding additional members to our development team, implementing new technological advances, enhancing our sales and marketing efforts, and putting more resources into finalizing a pending patent that we believe will enhance our technological superiority." Jeffrey Williams
Jeffrey Nels Williams (born 18 January 1958) is an American astronaut and veteran of two space flights. , Lion Share Capital General Manager, said, "We find AVRS to be a sound technology company with a unique approach to operations. We are confident that the Stock Purchase Agreement and committed investment of $5 million will place AVRS on the fast track. We believe that Mr. Geldenhuys has guided AVRS into waters that will lead to its continued success." The full text of the Stock Purchase Agreement will be attached to the Company's 8-K Report to be filed with the U.S. Securities and Exchange Commission (SEC). FORWARD-LOOKING STATEMENTS forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release includes forward-looking statements as determined by the SEC. All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include prospects for commercial success of products being developed by the Company, the availability and receipt of financing, general economic and business conditions, and other factors over which the Company has little or no control. The Company does not intend (and is not obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. ) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the Company's recent filings with the SEC. |
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