Voice Mobility Delivers on Its Promise of Enhancing Global Presence.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--May 1, 2001 Inks a Partnership in Malaysia With a Strong Local Messaging Products and Services Provider and Sets a Target of 100,000 Users for the First Year Voice Mobility International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :VMII)(FWD (Fast Wide Differential) Refers to a Fast Wide SCSI implementation that uses differential signaling. See SCSI. :VMY.), the developer of the Unified Communications The real time redirection of a voice, text or e-mail message to the device closest to the intended recipient at any given time. For example, voice calls to desk phones could be routed to the user's cellphone when required. (TM) software suite, has entered into an agreement with Haddad Advanced Technology Company (HATC HATC Hrvatsko Austrijski Trening Centar (Hungarian) ) Malaysia to distribute and deploy Voice Mobility's Unified Communications platform in Malaysia. HATC has been deploying new computer telephony See CTI, VoIP and IP telephony. Computer Telephony - Computer Telephone Integration technologies into the Malaysia market since 1994 and its customers include Accenture, Mobil, BP, Seagate, Arab Malaysian Bank and Pacific Bank. "Our agreement with HATC enables us to become a leading unified communications supplier in a country whose telephony and Internet infrastructure is rapidly expanding," says Jay Hutton, Voice Mobility's Chief Executive Officer. "HATC is a leading solutions provider that aggressively introduces new technology and has a top-tier client list. This relationship further extends and enhances our presence in international markets." Voice Mobility recently completed a CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $13 million equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. . The proceeds are expected to be used, in part, to expand global sales and marketing activities. "Our research indicates that there is significant demand for unified communications in Malaysia," says Syed Osman, Director of HATC. "After reviewing a number of unified communications solutions over the past year, we chose Voice Mobility's platform because of its flexibility, ease of use, language capability and the Company's strong customer support." A recent IDC survey on the Malaysian IT market shows that as of the end of last year, Malaysia had nearly 2.2 million Internet subscribers out of its 23 million population. The World Development Report 1999/2000 reported that Malaysia has 5 million wireline and 3 million mobile phone users. "We believe that the current market size for unified communications is close to 3 million individuals but will dramatically increase as Malaysians become more accepting of technology-based services," added Mr. Osman. Voice Mobility's Unified Communications software suite puts control of personal communications firmly in the hands of users by bringing together office, home, cell phone, fax, pager and other numbers into a single phone number, and by combining multiple voice-mail boxes into one mailbox where people can retrieve both their voice messages and their faxes. About HATC Malaysia HATC Malaysia was established in 1994 to provide advanced messaging products and services to the telecommunications industry. The Company has become a leading solution provider of enhanced messaging services and was awarded a Value-added Data Services (VADS VADS Visual Arts Data Service VADS Vulcan Air Defense System VADS Verdix Ada Development System VADS Visual Aural Digit Span test VADS Vocabulary Access and Distribution System (CDC) VADS Value Added and Data Services ) License in 1997. HATC is based in Kuala Lumpur, Malaysia and has research facilities in the Multi-media Super Corridor (MSC (1) (MSC.Software Corporation, Santa Ana, CA, www.mscsoftware.com) Founded in 1963 by Richard H. MacNeal and Robert G. Schwendler, MSC is the world's largest provider of mechanical computer aided engineering (MCAE) strategies, simulation software and services. ) Central Incubator. For more information on HATC visit www.hatc.com. About Voice Mobility Voice Mobility International, Inc. is the developer of the Unified Communications software suite. The suite features a "Find-me Follow-me" application that makes it possible for all voice, pager and fax calls to reach a user through a single number. The suite also simplifies voice, fax and email messages by collecting them in a single mailbox. The system converts these voice and fax messages to sound or image files that can be retrieved using any email program or web service. This means that they can be listened to, viewed, stored, redirected and managed using a personal computer, wireless device or telephone. Voice Mobility markets its software suite to telephone companies, competitive local exchange carriers, application service providers Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. and wireless service providers. Further information about Voice Mobility can be found at www.voicemobility.com. FORWARD-LOOKING (SAFE HARBOR Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. ) STATEMENT This news release contains forward-looking statements that involve risks and uncertainties including, but not limited to, future sales, product demand, growth of the unified messaging industry, competition, exchange rate fluctuations, the effect of economic conditions and technological difficulties and other risks detailed in Voice Mobility's filings with the U.S. Securities and Exchange Commission. |
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