SpeechSwitch, Inc. Executes National Distribution Agreement With Global IT Firm, Synnex Corporation
MATAWAN, NJ, Sep 13, 2006 (MARKET WIRE via COMTEX) -- SpeechSwitch, Inc. (OTCBB: SSWC), a leader in speech-recognition technology, announced today that Synnex Corporation, a multi-billion dollar global IT firm, has chosen to partner with SpeechSwitch for the deployment of a Speech Enabled Auto Attendant. The Speech Enabled Auto Attendant will be offered as the front end of their SMB business solution. SpeechSwitch, Inc. ("SpeechSwitch") previously was a wholly owned subsidiary of iVoice, Inc. prior to the spin-off from iVoice that was completed in August 2005 as a special stock dividend distribution to iVoice shareholders.
The Speech Enabled Auto Attendant (SEAA) integrates into numerous product lines by analog, digital, or TAPI WAV programming. The system facilitates easier communication for employees, customers, business partners and suppliers. It places people at ease by allowing callers to use their most natural form of communication -- their own voice -- to reach a specific person or department. By speaking a name, a caller can be promptly transferred to the appropriate number. Callers have the option of bypassing touch-tone menus and spell-by-name directories and instead, use their natural voice to reach their intended party.
"By partnering with SpeechSwitch, Inc., Synnex will be able to offer the Speech Enabled Auto Attendant at pricing geared toward the smaller business owner. "This will be another tool that will enhance our product line and give our resellers and customers a competitive edge in the small to mid-sized market place," said Mark Swilley, Synnex's CTI product manager.
The Speech Enabled Auto Attendant is a complete cost-effective solution that works with existing phone systems and voice mail packages. Every department and employee is accessible from one local or long-distance phone number. The SEAA capabilities ensure that all calls reach their intended destinations at all times.
"Today's competitive market place demands that businesses increase revenue while containing costs. Customers are using speech recognition to improve customer satisfaction and manage overhead. We are tremendously excited about the opportunity to partner with such a well respected global entity as Synnex Corporation and supply their thirty-five thousand customers and their nationwide group of over six thousand resellers," said Bruce Knef, CEO of SpeechSwitch, Inc.
About Synnex Corporation:
Founded in 1980, SYNNEX Corporation is a global IT supply chain services company offering a comprehensive range of services to original equipment manufacturers and software publishers, or (OEMs), and reseller customers worldwide. The company offers product distribution, related logistics services and contract assembly. SYNNEX distributes IT systems, peripherals, system components, software and networking equipment for OEM suppliers such as HP, IBM, Intel, Microsoft Corporation and Seagate. Additional information about SYNNEX may be found online at www.synnex.com
About SpeechSwitch, Inc.:
SpeechSwitch previously was a wholly owned subsidiary of iVoice, Inc. 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 "PBXs," 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 voice board, 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, fax boards, and voice boards from various suppliers. Our flagship product is our Speech-enabled Auto Attendant product. Additional information about SpeechSwitch can be found online at www.speechswitch.com.
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 iVoice, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.
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