posted
News for 'IVOC' - (iVoice, Inc. Announces Completion of Spin-off of iVoice Technology, Inc., Deep Field Technologies, Inc. and SpeechSwitch, Inc.)
MATAWAN, N.J., Aug 08, 2005 (BUSINESS WIRE) -- iVoice, Inc., (OTC Bulletin Board: IVOC), a leader in speech-recognition technology, today announced that it has completed the spin-off of its wholly-owned subsidiaries, iVoice Technology, Inc., Deep Field Technologies, Inc. and SpeechSwitch, Inc. iVoice will distribute through a special dividend the Class A Common Stock shares of the three subsidiaries to its shareholders, and thereafter, these entities will operate as independent public companies.
Each iVoice Class A Common Stock shareholder of record as of July 29, 2005 will receive one (1) Class A Common Stock share each of iVoice Technology, Inc., Deep Field Technologies, Inc. and SpeechSwitch, Inc. for every 988 iVoice Class A Common Stock shares it holds. Holders of less than 988 shares of iVoice common stock will receive one share each of iVoice Technology, Inc., Deep Field Technologies, Inc. and SpeechSwitch, Inc. Class A common stock. iVoice shareholders can expect to receive the iVoice Technology, Inc., Deep Field Technologies, Inc. and SpeechSwitch, Inc. shares in the next few weeks.
iVoice Technology, Inc., Deep Field Technologies, Inc. and SpeechSwitch, Inc. have filed the appropriate paperwork with the NASD to begin trading on the NASD Over the Counter Bulletin Board. The proposed trading symbols are: iVoice Technology, Inc. (IVTC), Deep Field Technologies, Inc. (DFTI) and SpeechSwitch, Inc. (SSPW), respectively. The companies expect that the shares will commence trading sometime in the next several weeks.
Registration statements relating to the securities of each of iVoice Technology, Inc., Deep Field Technologies, Inc. and SpeechSwitch, Inc. have been filed with and declared effective by the Securities and Exchange Commission. This communication shall not constitute an offer to sell or the 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. Copies of the prospectuses of each of iVoice Technology, Inc., Deep Field Technologies, Inc. and SpeechSwitch, Inc. are expected to be mailed to iVoice's Class A common stock shareholders of record as of July 29, 2005 on or about August 12, 2005. Additional copies of these prospectuses may be obtained by contacting iVoice, Inc., 750 Highway 34, Matawan, NJ 07747 or by phone at (732) 441-7700.
About iVoice, Inc.
iVoice, Inc. designs, manufactures and markets innovative speech-enabled applications and computer telephony communications systems. While there are many companies that develop speech applications, most require licensing of the core speech recognition engine resulting in a costlier solution for the end user. iVoice pays no such royalty or license fees for any of its speech recognition applications. Customers include Avaya, Gold Kist, American Red Cross and Comdial. Interactive Voice Response products developed by iVoice allow PC databases to be accessed via voice or from a standard touch-tone telephone.
The Board of Directors of iVoice believes the best way to build shareholder value, separate and apart from the operating performance of iVoice, is to create new business opportunities by distributing shares of certain of our subsidiaries to our shareholders. In the past 13 months, we have taken major steps to restructure our company in ways that we believe will be most favorable to shareholders with the spin-off and/or distribution of the stock of separate companies. This is part of our broader strategy to reposition iVoice as a company focused on the development and licensing of proprietary technologies.
posted
OK...I guess I'll have shares in three new stocks. But what is left to give the current stock any value? I'm confused now.
Any explanation or ideas?
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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posted
iVoice, Inc. Announces Completion of Spin-off of iVoice Technology, Inc., Deep Field Technologies, Inc. and SpeechSwitch, Inc. Business Wire - August 08, 2005 06:15
MATAWAN, N.J., Aug 08, 2005 (BUSINESS WIRE) -- iVoice, Inc., (OTC Bulletin Board: IVOC), a leader in speech-recognition technology, today announced that it has completed the spin-off of its wholly-owned subsidiaries, iVoice Technology, Inc., Deep Field Technologies, Inc. and SpeechSwitch, Inc. iVoice will distribute through a special dividend the Class A Common Stock shares of the three subsidiaries to its shareholders, and thereafter, these entities will operate as independent public companies.
Each iVoice Class A Common Stock shareholder of record as of July 29, 2005 will receive one (1) Class A Common Stock share each of iVoice Technology, Inc., Deep Field Technologies, Inc. and SpeechSwitch, Inc. for every 988 iVoice Class A Common Stock shares it holds. Holders of less than 988 shares of iVoice common stock will receive one share each of iVoice Technology, Inc., Deep Field Technologies, Inc. and SpeechSwitch, Inc. Class A common stock. iVoice shareholders can expect to receive the iVoice Technology, Inc., Deep Field Technologies, Inc. and SpeechSwitch, Inc. shares in the next few weeks.
iVoice Technology, Inc., Deep Field Technologies, Inc. and SpeechSwitch, Inc. have filed the appropriate paperwork with the NASD to begin trading on the NASD Over the Counter Bulletin Board. The proposed trading symbols are: iVoice Technology, Inc. (IVTC), Deep Field Technologies, Inc. (DFTI) and SpeechSwitch, Inc. (SSPW), respectively. The companies expect that the shares will commence trading sometime in the next several weeks.
Registration statements relating to the securities of each of iVoice Technology, Inc., Deep Field Technologies, Inc. and SpeechSwitch, Inc. have been filed with and declared effective by the Securities and Exchange Commission. This communication shall not constitute an offer to sell or the 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. Copies of the prospectuses of each of iVoice Technology, Inc., Deep Field Technologies, Inc. and SpeechSwitch, Inc. are expected to be mailed to iVoice's Class A common stock shareholders of record as of July 29, 2005 on or about August 12, 2005. Additional copies of these prospectuses may be obtained by contacting iVoice, Inc., 750 Highway 34, Matawan, NJ 07747 or by phone at (732) 441-7700.
About iVoice, Inc.
iVoice, Inc. designs, manufactures and markets innovative speech-enabled applications and computer telephony communications systems. While there are many companies that develop speech applications, most require licensing of the core speech recognition engine resulting in a costlier solution for the end user. iVoice pays no such royalty or license fees for any of its speech recognition applications. Customers include Avaya, Gold Kist, American Red Cross and Comdial. Interactive Voice Response products developed by iVoice allow PC databases to be accessed via voice or from a standard touch-tone telephone.
The Board of Directors of iVoice believes the best way to build shareholder value, separate and apart from the operating performance of iVoice, is to create new business opportunities by distributing shares of certain of our subsidiaries to our shareholders. In the past 13 months, we have taken major steps to restructure our company in ways that we believe will be most favorable to shareholders with the spin-off and/or distribution of the stock of separate companies. This is part of our broader strategy to reposition iVoice as a company focused on the development and licensing of proprietary technologies.
posted
Looks like IVOC is back to the old pattern of slowly sinking on low volume...volume relative to the OS.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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