PREFERRED VOICE RECEIVES SYSTEM ACCEPTANCE.Preferred Voice, Inc. (OTCBB OTCBBSee OTC Bulletin Board (OTCBB). :PFVI) has successfully installed and gained customer acceptance of their Voice Integrated Platform System (VIPS VIPS Volunteers in Police Service VIPS VAT (value added tax) Information Management System VIPS Veteran Intelligence Professionals for Sanity VIPS Volunteers in Public Schools VIPS VIsion-based Page Segmentation ) into the central office of Loretel Systems. This installation interconnects a Nortel central office switching system with the Preferred Voice VIP System. The installation provides a variety of voice recognition services to all subscribers within the Loretel local dialing area. Steven Katka, general manager of Loretel Systems said, "As I have stated in the past, one of the main purposes for installing a digital central office switch was to provide all of our customers the best service options available, such as voice mail, caller ID, etc. In keeping with this commitment, we will now offer voice-activated services from Preferred Voice." Katka added, "The Preferred Voice relationship has proven to be everything we expected, from revenue sharing revenue sharing Funding arrangement in which one government unit grants a portion of its tax income to another government unit. For example, provinces or states may share revenue with local governments, or national governments may share revenue with provinces or states. to the interface, installation, and professionalism of everyone involved." Rick Stone, executive vice president at Preferred Voice said, "The majority of speech recognition companies boast of providing and interfacing speech recognition into the telephony environment. We know the challenges and the answers to successful deployment within a telephone network. A lot of companies talk a good game; Preferred Voice delivers." About Loretel Systems Loretel Systems, Inc., a subsidiary of Alliance Telecommunications and Hector Communications (AMEX AMEX See: American Stock Exchange :HCT Hct abbr. hematocrit HCT Hematocrit, see there ), was founded in 1931. They provide digital telecommunication services to approximately 13,000 access lines in Northwest Minnesota and Eastern North Dakota. About Preferred Voice Preferred Voice, Inc., based in Dallas, Texas, is a voice recognition technology company, providing services to ILEC (Incumbent Local Exchange Carrier) A traditional local telephone company such as one of the Regional Bell companies (RBOCs). Contrast with CLEC. See ELEC and TELRIC. , CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) and wireless companies nationwide. Preferred Voice has developed its Voice Integrated Platform System (VIP) on an industrial grade, fault-tolerant, Windows NT-based server, which combines the company's proprietary software with the natural dialogue speech recognition technology of Philips Speech Processing, a division of Royal Philips Electronics (NYSE NYSE See: New York Stock Exchange :PHG) -- a provider of speech recognition. Preferred Voice has signed agreements with telephone carriers that total more than three million subscriber lines. Preferred voice can be found on the World Wide Web at www.preferredvoice.com. For more information, call 214/265-9580. |
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