NCI signs letter of intent with Voice It.SAN DIEGO--(BUSINESS WIRE)--Dec. 6, 1996--NCI (formerly Norris Communications 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 :NCII NCII National Counselling Institute of Ireland ) Friday announced that it has signed a letter of intent to create a strategic and tactical alliance with Voice It Worldwide Inc. of Fort Collins, Colo. (NASDAQ:MEMO).
The two companies intend to enter into a retail sales and manufacturing agreement under which Voice It will market NCI See Liberate. products, under the Voice It brand name, into retail channels worldwide. Also under the intended agreement, products will be manufactured using Voice It contract manufacturers in the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. .
NCI will focus exclusively on expansion of its OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and business. Voice It joins Sanyo Information Systems U.K. Ltd. as the second substantial OEM contract that has been negotiated during the last two months.
Bob Root, NCI's chief executive officer and president, said: ``The plan we developed for NCI a year ago set two major objectives.
``First was to become an OEM provider of digital recording components, software and products for the sound, image and data- acquisition markets. We have made substantial progress towards that goal with our new OEM relationships. The Voice It agreement will provide established channels of retail distribution for our current and future product innovations.
``Our second goal was to significantly reduce manufacturing costs. Our relationship with Voice It will lower manufacturing costs substantially, increase margins and create a broad retail presence.''
Dennis Altbrandt, chief executive officer of Voice It, stated: ``Our company has a dominant share of the personal digital recorder See DVR and CD-R. market. We have over 5,000 retail outlets in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and 15 distributors internationally for our products. NCI's dictation unit and computer interface opens additional markets with computer retailers, government and corporate customers.''
Altbrandt added: ``We believe that we are one of the lowest- cost, highest-quality manufacturers in our industry. We can bring immediate cost reductions to the NCI products, while significantly increasing volumes.''
Altbrandt continued: ``The distribution and manufacturing alliance is potentially the first step toward an expanded future business relationship. We believe that voice technology is an enabling information source.
``Today, the voice market is in its infancy but has the potential to grow rapidly. Our alliance can bring critical mass to both companies and leverage on our individual strengths.''
Root added: ``We both agree that pursuing an expanded relationship in the future will position us to potentially have a dominant presence in the digital voice-recording market.
``Our companies are very complementary. There are virtually no overlaps in the critical areas of sales, marketing, technology and manufacturing. I look forward to quickly creating and implementing this new strategic alliance.''
NCI (formerly Norris Communications Corp.) is a Delaware-based publicly traded corporation on NASDAQ at trading symbol Trading symbol
See: Ticker symbol NCII. It markets branded products worldwide through distributors, resellers, value-added resellers, government resellers, catalogs and chain stores.
The OEM division markets the NCI MicroOS imbedded-systems software operating system operating system (OS)
Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. , Multichip modules, private-label products and custom-designed products to computer, dictation systems, computer peripheral and telecommunications companies worldwide.
The company has patented the Flashback flash·back
1. An unexpected recurrence of the effects of a hallucinogenic drug long after its original use.
2. A recurring, intensely vivid mental image of a past traumatic experience. Digital Voice Recorder A digital, handheld device that is used to record short reminders. Very lightweight and typically using AAA batteries, such devices use flash memory to hold up to 100 messages and more. Messages can be retrieved sequentially or by direct access by message number. See microcassette. , sound-recording techniques and features, which position it as the world leader in digital flash memory audio recording. The company operates out of its world headquarters in Poway, Calif. (San Diego), and through NCI Ltd. in the United Kingdom.
Voice It Worldwide designs, develops and markets personal consumer-electronics products. Voice It recorders use computer-chip technology to capture ideas, thoughts and reminders in portable, handheld products, about the size of a credit card.
The products are available in approximately 5,000 retail outlets, including department stores, catalog showrooms, office superstores, mass merchants and electronic specialty stores in the United States and in 15 countries internationally. Voice It Worldwide common stock trades on the NASDAQ SmallCap Tier of the NASDAQ Stock Market Nasdaq stock market
The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol MEMO.
CONTACT: NCI, Poway
Bob Root, 619/679-1504