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SpeechSwitch Receives Patent Award For 'TAPI Interface Based, Speech Enabled Automatic Telephone Dialer Using Names'; Company Secures Third Speech-Recognition PatentMATAWAN, N.J. --(Business Wire)-- Aug. 24, 2005 -- SpeechSwitch, Inc. (PINK SHEETS: SSWC), a leader in speech recognition technology, today announced that United States Patent 6,940,951 will issue on September 6, 2005 for a patent for a Speech-Enabled Automatic Telephone Dialer Name Dialer utilizing a Telephone Application Programming Interface (TAPI). SpeechSwitch, Inc. ("SpeechSwitch") previously was a wholly owned subsidiary of iVoice, Inc. (OTCBB:IVOC) prior to the spin-off from iVoice that was completed in August 2005 as a special stock dividend distribution to iVoice shareholders. This patent seeks to protect the use of the Name Dialer utilizing a Telephone Application Programming Interface (TAPI). The use of TAPI allows SpeechSwitch to integrate into different telephone PBX systems, eliminating the need for additional external hardware. Each phone system hardware provider provides a specific software driver that interfaces directly with the SpeechSwitch Name Dialer. SpeechSwitch CEO Bruce Knef said, "This will be our third speech recognition patent award. These patents are centrally important to SpeechSwitch, not only to preserve our technology, but also to influence knowledge in the marketplace. This patent approval marks a substantial achievement in product development for our technical staff." Knef continued, "With the worldwide explosion in the usage of mobile phones, clients are seeking easier and more convenient ways of accessing information and conducting business. Speech-enabled solutions such as the Name Dialer help meet this demand. They enable users to stay connected to the people and information they need, when and where they need it. The Speech Enabled Auto Attendant enhanced services can also benefit telecommunications carriers by helping them provide value-added services to their customer base." The Name Dialer is an automatic phone dialing system that imports the necessary contact information for dialing (names and phone numbers) from almost any PIM or contact manager, including, Microsoft(R) Outlook, ACT(R) and Goldmine(R). The user simply speaks the name of the person listed in their contact list and through a TAPI, the Name Dialer sends a signal to the Private Branch Exchange (PBX) to initiate dialing automatically. About SpeechSwitch, Inc: SpeechSwitch previously was a wholly owned subsidiary of iVoice, Inc. (OTCBB:IVOC) prior to the spin-off from iVoice that was completed in August 2005 as a special stock dividend distribution to iVoice shareholders. SpeechSwitch, Inc. was incorporated in New Jersey on November 10, 2004 as a wholly owned subsidiary of iVoice, Inc. It is engaged in the design, manufacture, and marketing of specialized telecommunication equipment. Our products use standard open-architecture PC platforms and Microsoft Windows 2000 operating systems, thereby facilitating the rapid adoption of new PC-based technologies while reducing overall product costs. We concentrate our product development efforts on software rather than hardware because we believe that the most efficient way to create product value is to emphasize software solutions that meet customers' needs. We have recently adapted our applications to integrate with different manufacturer telephone switches through the use of Telephony Application Program Interface or "TAPI". The use of TAPI, allows SpeechSwitch to integrate our applications into different telephone manufacturers Private Branch Exchange systems or "PBX's", eliminating the need for costly additional external hardware. We have traditionally used standard PC-related hardware components in our products, in part, to limit our need to manufacture components. Our manufacturing operations consist only of the installation of our proprietary software and, if required, a voiceboard, into a fully assembled PC system which we obtain from several different vendors. The Company obtains system components such as PCs, circuit boards, application cards, faxboards, and voiceboards from various suppliers. Our flagship product is our Speech-enabled Auto Attendant product. The Auto Attendant engages callers in a natural language dialog and is ready to transfer a caller to an extension for the party the caller is trying to reach at any time. Callers can interrupt the Auto Attendant at any time by barging in on the prompts and simply saying the name of the person or department they wish to speak to. This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding among other things our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated" and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to SpeechSwitch, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language. |
