Carnegie To Introduce MAVIS At The Dialogic Corp. Partners Pavilion At The United Kingdom Networks Telecom And Computer Telephony Expo In Birmingham, England.HUNT VALLEY, Md.--(BUSINESS WIRE)--June 23, 1998-- Carnegie International The Carnegie International is the oldest North American exhibition of contemporary art from around the globe. It was first organized at the behest of industrialist and philanthropist Andrew Carnegie in 1896. Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : BB CAGI CAGI Compressed Air & Gas Institute ) announced today that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Profit Thru Telecommunications, Europe (PTT (1) (Postal, Telegraph & Telephone) The governmental agency responsible for combined postal, telegraph and telephone services in many European countries. (2) See push-to-talk. PTT - Post, Telephone and Telegraph administration ) will be introducing its much heralded MAVIS(TM) system, at the Networks Telecom and Computer Telephony See CTI, VoIP and IP telephony. Computer Telephony - Computer Telephone Integration Expo in Birmingham, England, June 23 - 25. MAVIS(TM)(Multi-Language Automated Voice Independent System) is an automated attendant that communicates intelligently with the caller using advanced voice recognition software. Even the strongest accents and dialects are understood by MAVIS(TM). MAVIS(TM) answers incoming telephone calls and upon the callers verbal instruction directs the call to the recipient. MAVIS(TM) eliminates the need for annoying and cumbersome push button directory instructions; in that it is entirely voice recognition technology driven. MAVIS(TM) can be written in any language that the Lernout and Hauspie speech products N.V., software platform can support. Dialogic Corp. (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 : DLGC) invited Carnegie to demonstrate MAVIS(TM) at the Dialogic Partners Pavilion, a main feature area of the Computer Telephony Expo. Dialogic's pavilion will showcase the latest applications and technologies from the leading Computer Telephony developers. Lowell Farkas, 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. of Carnegie, stated "we are delighted to have the opportunity to exhibit our technology in association with Dialogic Corporation." Computer Telephony is typically used in advanced call centers to improve customer service and is also used by professionals to manage their phone, e-mail, voice mail, and fax communications. The technology embraces speech recognition and the emerging Internet Telephony field. Networks Telecom is the U.K.'s leading exhibition dedicated to integrated voice and data networking, offering the most comprehensive range of products and services for this market. In 1997, 440 exhibitors attended and the exhibition attracted in excess of 20,000 visitors. Carnegie International Corp. is a holding company with three primary wholly owned subsidiaries in the telecommunications industry, Profit Thru Telecommunications (Europe) Limited (PTT), Talidan and ACC See adaptive cruise control. Telecom. PTT is a telecommunications software company providing business solutions utilizing proprietary speech recognition, touch tone, and bar code responses to send and receive information. Talidan is a reseller, marketing telephone time for discounts in South America, Europe, and other growth emerging markets, including Russia. ACC Telecom sells, installs and services telecommunications equipment manufactured by COMDIAL, SONY, and SPRINT. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for forward-looking statements. Certain information included in this Press Release (as well as information in oral statements or other written statements made or to be made by Carnegie International Corp.) contain statements that are forward looking, such as statements relating to the future anticipated direction of the telecommunications industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and accordingly, such results may differ from those expressed in any toward-looking statements made by or behalf of Carnegie International Corp. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, changes in federal or state laws, and market competition factors.
CONTACT: Carnegie International
Lowell Farkas, president & CEO, 410/785-7400
fax: 410/785-7412
http://www.carnegieint.com
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