Applied Voice Recognition Makes Announcement.HOUSTON--(BUSINESS WIRE)--March 31, 1998--Applied Voice Recognition, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AVRI AVRI American Vintage Reissue (Fender guitars) ) and Voice It Worldwide, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :MEMO) today announced that their previously announced letter of intent relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the merger of the two companies had expired on March 31 in accordance with its terms. AVRI and Voice It will continue to work together on their existing marketing arrangement and on the development of the new VoiceCOMMANDER(tm) hand-held digital recorder See DVR and CD-R. , but will not be proceeding with the merger. AVRI also announced today that Charles Skamser had resigned as President to pursue other opportunities. Tim Connolly, AVRI's Chairman 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. , will assume the duties of President pending selection of a new Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Founded in 1994, AVRI develops, markets and supports original voice recognition applications designed to meet dictation needs and solve targeted business problems for the Global 5000 and the medical industry. Its professional line of products includes VoiceCOMMANDER Professional Edition, the first integrated office correspondence suite to use continuous speech. VoiceCOMMANDER is AVRI's first product designed for the consumer and small office-home office market. More information is available on the AVRI web site at www.voicecommander.com. This press release contains forward-looking statements relating to future revenues and operating information and their impact on future results. Actual results could differ materially from those projected in the forward looking statements as a result of risk factors such as market conditions, product life cycles, customer delays in purchasing products, technology shifts, potential difficulties in introducing new products, competition, price sensitivity and the uncertainty of continuing market acceptance of the Company's products by distributors, retailers and consumers. CONTACT: Applied Voice Recognition Inc., Houston Karen Hott, 1-888-292-AVRI email address: khott@voicecommander.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion