GRIC Communications Stengthens European Expertise; L&H Invesment's Thomas Denys Joins Board.Business Editors/High-Tech Writers MILPITAS, Calif.--(BUSINESS WIRE)--Aug. 3, 2000 GRIC GRIC Global Reach Internet Connection GRIC Government Relations Institute of Canada (industry association) Communications, Inc. (Nasdaq:GRIC), the leading provider of multiple value-added Internet services for service providers, today announced that Thomas Denys, managing director and partner of L&H Investment Company N.V., has joined its Board of Directors. L&H Investment Company N.V., with which Denys has been associated since its 1998 inception, is a shareholder of speech and language software leader Lernout & Hauspie Speech Products (Nasdaq:LHSP LHSP List Hosting Service Provider LHSP Left Handed Starting Pitcher ), and holds several other strategic investments in information technology companies. In addition to his duties at L&H, Denys also serves on the Board of Directors of LanguageWare.Net and Mediaring.com Ltd. "Thomas brings a wealth of experience to our Board in the areas of European strategic alliances and advanced speech and language solutions for the Internet," said Hong Chen, 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 GRIC Communications. "His insight will be especially valuable as GRIC seeks to enhance its position as a premier provider of multiple global IP-based services in the increasingly competitive European market." Prior to assuming his current position, Denys was a corporate attorney with the European law firm of Loeff Claeys Verbeke, and an assistant professor at the Catholic University of Leuven The Catholic University of Leuven is the largest and most prominent university in Belgium. It was founded in 1425 by Pope Martin V, which makes it the oldest Catholic university still active. , Belgium. Denys holds a master of law and postgraduate degree in finance from the Catholic University of Leuven, a master in German law from the University of Tubingen and a DAAD DAAD Deutscher Akademischer Austauschdienst (German Academic Exchange Service) and a degree in advanced corporate finance from the Amsterdam Institute of Finance. About Lernout & Hauspie Lernout & Hauspie (L&H) is a global leader in advanced speech and language solutions for vertical markets, computers, automobiles, telecommunications, embedded products, consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and and the Internet. The company is making the speech user interface (SUI Sui (swā), dynasty of China that ruled from 581 to 618. This short-lived dynasty reunified China in 589 after 400 years of division and laid the foundation for further consolidation under the T'ang dynasty. ) the keystone of simple, convenient interaction between humans and technology, and is using advanced translation technology to break down language barriers. L&H's products and services originate in four basic areas: automatic speech recognition (ASR (Automatic Speech Recognition) Using voice recognition to replace keypad entry for telephone voice menus. Typically used to speak the digits 0 through 9 insted of keying them, ASR systems may be able to recognize a limited vocabulary. See voice recognition and AVSR. ), text-to-speech (TTS (1) See text-to-speech. (2) (Transaction Tracking System) Software that monitors a transaction until completion. In the event of a hardware or software failure, it ensures that the database is brought back to its former state before the attempt to ), digital speech and music compression (SMC SMC Saint Mary's College SMC Santa Monica College SMC Solaris Management Console SMC Smooth Muscle Cell SMC Small Magellanic Cloud (also see LMC) SMC Safety Management Certificate (maritime shipping) ) and text-to-text (translation). For more information, please visit Lernout & Hauspie on the World Wide Web at www.lhsl.com. About GRIC Communications, Inc. GRIC Communications, Inc. is the worldwide leader in delivering multiple IP-based services on a single, open standards-based platform to ISPs, telecommunications companies and other emerging communications providers. Combining state-of-the-art technology with its managed global GRIC Alliance Network(TM) of more than 350 service providers, GRIC delivers access and termination for IP telephony (voice and prepaid), remote Internet access, PC-to-phone solutions, and corporate secure remote access around the world. Winner of Frost & Sullivan's 2000 Market Engineering Award Recipient for Customer Service Leadership in the global Internet roaming market, GRIC is headquartered in Milpitas, Calif., and has offices in the U.S., Asia and Europe. Visit GRIC at http://www.gric.com. This news release may include "forward-looking" statements, including projections about our business, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. For example, statements in the future tense are forward-looking statements. These forward-looking statements are based on information available to us at the time of the release and we assume no obligation to update any such forward-looking statements. The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations as a result of numerous factors, including our limited operating history, which makes it difficult to predict our performance, and the unproven nature of our market and customer acceptance of our products. These and other risks and uncertainties associated with our business are detailed in our most recent reports on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Form 10-Q on file with the SEC and available through www.sec.gov. Note to Editors: GRIC, GRIC Alliance Network, and the GRIC logo are trademarks of GRIC Communications, Inc. All other trademarks mentioned in this document are the property of their respective owners. |
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