New Football Videogame Featuring Fonix VoiceIn Hits Retail Shelves Today; First Videogame Shipped with Voice Recognition on Three Gaming Platforms Business Editors / High-Tech Editors
SALT LAKE CITY--(BUSINESS WIRE)--June 20, 2006-- Fonix Speech Inc., a wholly owned subsidiary of Fonix Corp. (OTCBB: FNIX) specializing in embedded speech interfaces for mobile devices, handheld electronic products and systems and processors, announces the availability of the first videogame of 2006 featuring the Fonix VoiceIn(R) Game Edition voice recognition interface for the Xbox(R), PlayStation(R)2 and PC platforms.
Available in retail outlets today is the first-ever videogame to feature Fonix's voice command and control functionality on three gaming platforms. Game developers incorporated Fonix VoiceIn to provide players with a speech interface to control certain aspects of game play. With the use of a headset, players can direct game play, including commands to the players, with their voice.
"Today's game release is a significant event for Fonix as it's the first time we've seen a videogame simultaneously released on all three major gaming platforms," said Tim K. Hong, vice president of games, Fonix Speech. "It's exciting for Fonix to see the results when creative game developers incorporate our voice recognition technology in fun, new ways. Football and other team sports games are a perfect way to use voice recognition and increase the excitement and realism of the game environment for players."
Posts: 304 | Registered: Apr 2006
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.0099 x .01. Will have to chase this to get in this AM. IMO. May have to wait for a dip. That is huge news Stockgangsta!
Posts: 2309 | From: Minnesota | Registered: Feb 2006
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Remember when GZFX (Games n Flix) hit Circuit City shelves late last year, it rose 1100% in one day. In this dead market this could go pretty hi. There's gonna be enormous buying pressure to push it up.
-------------------- Rule 1: Always Protect Your Capital Rule 2: Earn slow, Don't lose fast Posts: 457 | From: Miami, Florida | Registered: May 2006
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LOOK AT SOME OF THE HIGHLIGHTS. THIS ONE LOOKS GOOD.
Fonix Reports First Quarter 2006 Highlights and Results
SALT LAKE CITY, UT (May 12, 2005) Fonix Corporation (OTC BB: FNIX), an integrated communications carrier providing telecommunications services and value-added speech technologies, announces financial results for the quarter ended March 31, 2006.
First quarter company highlights reflect market and customer performance for Fonix Speech, Inc. and Fonix Telecom, Inc.
Fonix Speech Highlights:
§ Casio introduces new electronic dictionaries featuring Fonix text-to-speech. As part of an on-going contract, Casio released 15 new handheld dictionaries in the Japanese and Korean electronics markets, with Fonix receiving unit royalties from each device sold.
§ Fonix supports new Intel® processor. At 3GSM 2006 in Barcelona, Fonix demonstrated speech interfaces for mobile devices on the next-generation Intel Monahans XScale® processor family, which is optimized for mobile and cellular devices.
§ Sun Microsystems endorses Fonix text-to-speech for Assistive products. At the CSUN Technology and Persons with Disabilities Conference in Los Angeles, Sun Microsystems demonstrated Fonix DECtalk® TTS on its Solaris 10 operating system. Sun applications and screen readers for Solaris-based PCs can utilize Fonix TTS to “speak” text.
§ OC3 Entertainment adopts Fonix VoiceIn™ speech recognition for its facial animation software. At this year’s Game Developers Conference (GDC), OC3 Entertainment demonstrated its new FaceFX Live facial animation technology for videogames, which incorporates Fonix VoiceIn speech recognition.
§ Fonix Speech organized as a wholly owned subsidiary of Fonix Corporation. As a separate subsidiary, Fonix Speech has greater flexibility to pursue revenue opportunities in target markets, form independent strategic relationships with partnering companies, and maximize capital potential.
Fonix Telecom Highlights:
§ Fonix Telecom, Inc. entered into an Administrative Services Agreement with LecStar Telecom, Inc. Per the agreement Fonix Telecom manages all Fonix Telecom assets, products and services, including those of LecStar. Fonix Telecom expanded telecom products and IT services to include next-generation IP products such as VoIP.
§ Fonix Telecom now offers services in North Carolina. In March, Fonix Telecom became certified to provide Local Exchange and Long Distance services in North Carolina.
“Along with many other small- to mid-sized Telcos, Fonix is adjusting to recent telecom de-regulations,” says Thomas A. Murdock, Fonix Chairman and CEO. “Despite recent negative effects of regulatory changes in the telecom industry, which have substantially increased our Cost of Goods Sold (COGS), we continue to focus on increasing revenues and decreasing operating losses by expanding Fonix’s IP Telecom products and services and by growing current and emergent Speech channels.”
Fonix revenues were $3,182,000 for the quarter ended March 31, 2006, a decrease of $1,041,000 compared to $4,223,000 for the same period in 2005; the change was primarily due to a decrease in telecom revenues. Operating expenses, exclusive of non-cash amortization, decreased by $222,000, from $3,935,000 to $3,713,000 for the same period in 2005. Net loss was $4,081,000 ($0.01 per common share) for the first quarter in 2006 compared to $4,080,000 ($0.03 per common share) for the same period in 2005.
“We expect that our market position with our OEM speech channels and our transition to IP telecom products will allow Fonix to expand revenue opportunities,” says Roger D. Dudley, Fonix Executive VP and CFO. “Our revenues reflect recent negative regulatory changes in the telecom industry, but our company operating costs continue to decrease, which we anticipate will support revenue growth. We remain focused on our mission and our expanding customer partnerships, which continue to mature and will establish a firm base for future revenue growth. The company remains committed to providing customers with superior technologies and unrivaled service.”
About Fonix
Fonix Corporation, based in Salt Lake City, Utah, is an innovative communications and technology company that provides integrated telecommunications services and value-added speech technologies through Fonix Telecom, Inc., LecStar Telecom, Inc. and Fonix Speech, Inc. The combination of interactive speech technology and integrated telecommunications services allows Fonix to provide customers with comprehensive cost-effective solutions to enhance and expand their communications needs. Visit www.fonix.com for information, or call (801) 553-6600 and say “Sales.”
Statements released by Fonix that are not purely historical are forward-looking within the meaning of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the Company’s business prospects and performance. The Company’s actual results could differ materially from those in such forward-looking statements. Risk factors include general economic, competitive, governmental and technological factors as discussed in the Company’s filings with the SEC on Forms 10-K, 10-Q and 8-K. The Company does not undertake any responsibility to update the forward-looking statements contained in this release.
Three Months Ended Mar 31, 2006 Mar 31, 2005
Revenues $ 3,182,000 $ 4,223,000 Cost of revenues (2,332,000) (2,187,000)
Gross profit 850,000 2,036,000
Expenses: Selling, general and administrative 3,142,000 3,415,000 Amortization of intangible assets 459,000 1,586,000 Product development and research 571,000 520,000
Total expenses 4,172,000 5,521,000
Fonix Investor Contact: Gino De Jesus VP. Director of Fonix Corp. Communications Phone: (678) 391-4596 gdejesus*fonix.com
Fonix Speech Contact: Elizabeth Sweeten Director of Communications, Fonix Speech (801) 553-6600 esweeten*fonix.com
Posts: 4381 | From: houston | Registered: Mar 2006
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Just got out for a tiny loss, not sure why it didn't move much, apparently there is a wall at 0.0105, main reason for that is thanks to the JPTC mm that didn't allow the run when there were tons of bid at 0.0104, JPTC was on the ask at 0.0105, it just stuck there and didn't wanna move up...
That in term caused the drop now, because it isn't an option to move up... people getting out... it might even move back to previous close which is 0.009
Posts: 36 | Registered: May 2006
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I was a little disappointed, simply because one mm not allowing the run... i was waiting for the run to happen as well...
Posts: 36 | Registered: May 2006
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