Advanced Voice Technologies makes announcement.

NEW YORK--(BUSINESS WIRE)--Nov. 5, 1996--Advanced Voice Technologies makes announcement:

Advanced Voice Technologies Inc. ("AVT") (NASDAQ: HMWK) was made aware today of an article that appeared in this morning's edition of The Wall Street Journal.

The article discusses sales practice abuses alleged in the complaint recently filed by NASD Regulation Inc. ("NASDR") against Sterling Foster Inc. and certain of Sterling Foster's officers and employees. Sterling Foster is AVT's former underwriter.

AVT, and its respective directors, officers and employees, up until the time they learned of the NASDR complaint, had no reason whatsoever to believe that Sterling Foster or its employees had engaged in any improprieties in connection with the initial public offering of AVT's stock. To the extent the allegations against Sterling Foster and its employees may turn out to be true, AVT and its shareholders were the victims of these actions.

AVT and its directors, officers and employees are committed to cooperating fully with all regulatory authorities investigating the allegations against Sterling Foster. Moreover, AVT is hopeful that the NASDR complaint involving Sterling Foster will be resolved quickly and will not distract the investment community from the positive developments in AVT's exciting business.

AVT continues to provide educational services through voice messaging systems, including HOMEWORK HOTLINE(R), a specifically tailored voice processing system which allows teachers and school administrators to communicate with parents and students on a daily basis.

CONTACT: Oby Thomas, 212/885-0706