VXI Corporation Buys Assets of Voice It Worldwide, Inc, Developers of the Voice It Line of Digital, Hand-held Recorder Players.

Business/Technology Editors

ROLLINSFORD, N.H.--(BUSINESS WIRE)--March 20, 2000

VXI Corporation, today announced the acquisition of the assets of Voice It Worldwide, San Diego, CA. Voice It Worldwide is the developer and marketer of Voice It(R) recorders, a line of digital, hand-held voice recorders and software programs that use new voice technologies to simplify communications. VXI Corporation is a leading manufacturer of precision headset systems and electronics for telephone, voice-over-the-internet and speech based computer applications.

Voice It Worldwide was the first company in the U.S. to introduce a portable digital recorder into the retail market. The firm will now become the Recorder Division of VXI Corporation. Product sales will be conducted from San Diego, while order fulfillment and customer service will originate at the VXI complex in Rollinsford NH.

VXI President and CEO, Richard Hale, said the acquisition of Voice It Worldwide's assets is in keeping with VXI's strategy of connecting people to a digital world. "We have acquired a company that is a U.S. market share leader in digital recorders with enormous growth possibilities in the U.S and around the world. The market potential for voice recognition software and equipment is huge," Hale said. "Putting these market dynamics into play with VXI's established sales niche in the call center headset, speech recognition and voice/ internet markets will prove to be enormously beneficial as VXI looks to the future."

About Voice It Worldwide:

Voice It Worldwide (www.voiceit.com) was founded in 1993 by engineers and executives with extensive experience in Fortune 500 companies, start-up ventures and high-tech enterprises. Today Voice It is in the forefront of applying digital technology to capture, organize, and process verbal communications in ways that offer people a low-cost means to be better organized, more efficient and more productive. Voice It Worldwide introduced its newest application solution, the Voice It(R) Digital Transcription System, at Comdex/ Fall 99. A completely digital system, it makes converting voice dictation to text files faster, easier, and more economical. It is specifically designed to address the multi-billion dollar transcription market that includes legal, medical, sales, law enforcement, realty and many other industries.

Examples of Voice It's industry leadership include: the first-ever personal note recorder in retail; first use of flash memory in a digital recorder; first to use removable memory in a digital recorder; first digital recorder to link to a PC; first to offer a software development kit with recorder.

Voice It has patents and patents pending in technologies, features, and physical design.

In addition to the U.S., Voice It products are sold and distributed in Canada, Europe, Australia and the Far East.

About VXI Corporation:

VXI (www.vxicorp.com) began manufacturing telephone headsets and amplifiers in 1989 and before long had built a reputation in the call center industry as the company that was setting the standard for durability and clarity. Firms currently using VXI's telephone headset systems include such notables as: MCI, Victoria's Secret, Home Shopping Network, Sitel and L.L. Bean.

In 1996, VXI engineers developed a new line of voice interface hardware products, which are today marketed under the brand name - VXI Parrott(TM). Parrott headsets work with speech recognition software to provide superior voice recognition accuracy. Internet phone carriers are using Parrott headsets in ever-increasing numbers for voice-over-the-internet applications (VoIP). In 1998, VXI's team of R&D engineers unveiled the Parrott Translator(TM)(patent pending), a revolutionary technology product that made Parrott the first and only headset universally compatible with any PC, soundcard or laptop ensuring successful voice recognition and operation. Another recent engineering first is the Parrott Switch 60V, a unique device that enables the user of a Parrott headset to seamlessly alternate between the PC and the standard telephone.

In addition to its distribution sales channels, VXI provides Parrott headsets to leading OEM companies for PC and Apple(R) based platforms. VXI has won numerous awards for its voice recognition hardware including being voted "Best Performing Headset" by the readers of Speech Technology Magazine.

The firm has sales offices in Marietta, GA, Chicago, Ill, San Jose, CA, San Diego, CA, Salt Lake City, UT, and Winchester, Hampshire, UK. A new sales office will soon be opening in Dallas, TX.

For more information, contact VXI Corporation, One Front Street, Box 490, Rollinsford, NH 03869. Call: 800-742-8588 or fax: [phone]. Visit VXI's web site at http://www.vxicorp.com.