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VOICE POWERED TECHNOLOGY INTERNATIONAL INC. FILES REGISTRATION STATEMENT FOR PUBLIC OFFERING

 VOICE POWERED TECHNOLOGY INTERNATIONAL INC.
 FILES REGISTRATION STATEMENT FOR PUBLIC OFFERING
 CANOGA PARK, Calif., Aug. 5 /PRNewswire/ -- Voice Powered Technology International Inc. announced that it filed a registration statement today with the Securities and Exchange Commission covering a proposed public offering of 1,300,000 units, each consisting of one share of common stock and one-half of a common stock purchase warrant.
 Proceeds from the offering will be used to market the company's initial product, the VCR VOICE(TM) programmer, development of additional products currently underway, inventory purchases, capital equipment, general working capital and corporate purposes. Drake Capital Securities Inc. will be managing underwriter of the offering.
 Created for the purpose of developing and marketing low-cost voice-recognition products, Voice Powered Technology International Inc. currently plans to develop consumer and business-oriented electronic products utilizing its proprietary voice-recognition technology. The company plans to sell its products to the consumer using direct response marketing. Voice Powered Technology International Inc. also intends to license its proprietary technology to third parties.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The offer is made only by the prospectus, a copy of which may be obtained from Drake Capital Securities Inc., 1250 Fourth St., Fifth Floor, Santa Monica, CA 90401.
 -0- 8/6/92
 /CONTACT: Edward Krakauer, COO of Voice Powered Technology 818-407-5600/ CO: Voice Powered Technology Inc. ST: California IN: CPR SU: OFR


BP-KJ -- LA010 -- 7390 08/06/92 08:04 EDT
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Publication:PR Newswire
Date:Aug 6, 1992
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