Commercial Consolidators Corp.: Central Point Technologies Inc. and CGI Inc. to Launch a Voice Recognition Hotel Reservation System.Business Editors TORONTO--(BUSINESS WIRE)--June 28, 2001 Innovative Product to Have "First Mover Advantage" for the Hospitality Industry COMMERCIAL CONSOLIDATORS CORP. (CDNX CDNX See Canadian Venture Exchange (CDNX). :CCZ CCZ Cyber Condition Zebra (Washington Naval Yard) CCZ Command and Control Zone CCZ Carlet-Charpin-Zinoviev (Equivalence Relation of Functions) .)(Frankfurt:CJ9.) is pleased to announce that CGI CGI in full Common Gateway Interface. Specification by which a Web server passes data between itself and an application program. Typically, a Web user will make a request of the Web server, which in turn passes the request to a CGI application program. Inc. (NYSE NYSE See: New York Stock Exchange :GIB See NIST binary. )(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :GIB.A) has signed a letter of intent with Central Point Technologies Inc. ("Central Point") to launch Speechway, a leading edge Speech Recognition Telephone Reservations Solution developed and to be marketed in partnership. The parties intend to conclude a definitive agreement by Sept. 30, 2001. Central Point, based in Ft. Lauderdale, Florida, is a worldwide developer and provider of next-generation Property Management Systems and advanced hospitality technologies with 750 installations in 24 countries, and is a 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. of Commercial Consolidators Corp., a leading assembler and distributor of consumer electronics and business technologies to North, South and Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific. . This new interactive communication solution allows anyone with a phone or cell phone to book a hotel reservation using speech recognition technology, to verify availability in real-time through Central Point's proprietary interface and to get immediate confirmation. Speechway recognizes the calling party's phone number, automatically retrieves the guest's preferences and searches accordingly for availabilities. Guests are able to easily create, modify and cancel reservations. Language-sensitive access is available through a bilingual speech recognition interface. "Speechway offers travelers a fast, efficient and flexible way to book reservations from anywhere, anytime and automatically get the rooms they want based on their preferences," said Bert Bolduc, Senior Vice-President, Central Point. "This new technology also represents a powerful marketing tool, enabling Central Point to expand beyond their current client base consisting primarily of independent properties with 200 rooms or less, and target the larger hotel chains who are searching for a means to enhance efficiency and customer service. Speechway instantly provides access to another 1,000 potential installations not currently being served by Central Point." "Besides the hospitality sector, we are excited by other sectors where this technology can be applied in conjunction with Central Point," says Guy Derasp, Manager Speech Recognition, CGI. "For example, this application can easily be adapted for other booking systems such as car rental and flight reservations." CGI is the fifth largest independent information technology services firm in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , based on its headcount of more than 10,000 professionals. CGI's revenue run-rate is close to US$1 billion. CGI provides IT services and business solutions to 2,500 clients in the United States, Canada and more than 20 countries worldwide. CGI is included in the Toronto Stock Exchange's TSE 300 index The TSE 300 index was a stock market index that tracked the prices of 300 highly influential stocks which were traded on the Toronto Stock Exchange. Since May 1, 2002, it has been replaced by the S&P/TSX Composite Index. as well as the S&P/TSE Canadian Information Technology index. Web site: www.cgi.ca. ABOUT COMMERCIAL CONSOLIDATORS CORP. Commercial Consolidators Corp. is a diversified distributor of business technologies (cellular phones and accessories, and computer hardware and software) and consumer electronics to the Americas (North, South and Central). The Company has aggressively pursued strategic acquisitions, satisfying management's primary objectives, namely: 1. Focus on converging communication delivery devices, namely: televisions, computers, wireless products and proprietary software; 2. Facilitate new distribution channels by leveraging existing supply chain relationships from our expanding revenue base throughout the Americas; 3. Provide turnkey solutions to our target customers through the selective and opportunistic expansion of complimentary product and service offerings; and 4. Focus on higher margin products, while maintaining an enviable standard of customer service and order fulfillment. ON BEHALF OF THE BOARD OF DIRECTORS "Guy Jarvis" GUY JARVIS, Chief Executive Officer The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has neither approved nor disapproved the information contained herein. |
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