LAS VEGAS--(BUSINESS WIRE)--Aug. 22, 2005-- WaveScribe International Corp. (Pink Sheets: WSBL) today announced it has signed an exclusive agreement with JBD Consulting for sales and marketing of WaveScribe products and services. WaveScribe, with the goal of intensifying and streamlining its sales and marketing efforts in local as well as national markets, signed with JBD because of its niche marketing experience and resources. JBD brings to the table a group that is uniquely qualified in the combined specialties of transcription and document production for the health care, legal, entertainment and general business industries. JBD brings 19 years of sales and marketing experience for major market leaders in the transcription and document production markets. WaveScribe and JBD expect to execute a successful global strategy that will cause a significant increase in sales by year end. "Because of JBD Consulting's customer base of major health care, legal, and general business provider organizations, we estimate that this agreement could generate millions of dollars in sales over the term of the agreement," said Cheryl Caldwell, senior vice president of business development at JBD Consulting. "JBD Consulting is committed to obtaining an understanding of the comprehensive needs of its clients and then offering production-driven and cost-savings services targeted toward the ultimate goal of business growth and expansion. We pride ourselves on being able to positively impact the cost, productivity and quality of our client's businesses, but most of all we are able to simply deliver!"
About JBD Consulting
JBD Consulting, a leading business development consultation firm, provides services to several special markets while enabling its carefully selected clients to reduce operational costs and enhance sales and market penetration growth. JBD Consulting's specific services include: sales, sales management, work flow management, product enrichment, product development, Web development and data management services. JBD Consulting is unique in that it does not solicit clients but carefully selects its clientele based on referrals and the firm's ability to deliver what a client needs.
About WaveScribe
WaveScribe offers the first Web-based on-demand transcription software that was designed, developed and deployed by transcriptionists. Documents created through WaveScribe have a 128-bit security encryption, and HIPAA and privacy law compliance. Access to a medical or legal transcribed document for editing, reprints, and updates, 24 hours a day, in a simplified and cost-effective manner to handle the task of document control is now available. The WaveScribe platform requires no software to purchase, and installation onto a specific PC is not needed. The transcriptionist utilizing the platform can use several methods to create documents such as uploading existing documents and/or formats while maintaining the traditional methods of transcription such as analog tapes, digital tapes, handheld devices, phone-in re-recorded, or pushed and even computer-generated methods. In addition, future advances include speech-to-text and Net/Web (documents created on a private network automatically stored and accessible on the Internet platform).
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, contained in this release which are not historical facts may be deemed to contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.
KEYWORD: NORTH AMERICA NEVADA UNITED STATES INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE HEALTH PROFESSIONAL SERVICES LEGAL CONTRACT/AGREEMENT PRODUCT/SERVICE SOURCE: WaveScribe International Corp.
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guess no-ones holding this....just found news yesterday;guess this is good long
Letter to Shareholders, WaveScribe International Corp.
By BusinessWire Last Update: 8/24/2005 10:30:01 AM Data provided by
LAS VEGAS, Aug 24, 2005 (BUSINESS WIRE) -- WaveScribe International Corp. (Pink Sheets: WSBL)
Dearest Valued Shareholders:
The board of directors is pleased to announce that the company has taken a positive direction this year. The company is on course to do $1.4M in revenue, a 6% increase over 2004, with a minimum gross profit of 38%. This year is a landmark time for the company because of tremendous internal efforts and positive outcomes currently taking shape as a direct result of those efforts. The company, moving forward with the development, deployment, sales and marketing of the flagship product WaveScribe out of cash flow, faced an uncertain future just one year ago. At that time, our energized and diligent management team rolled up their sleeves and put forth uncommon effort to move the company on to a new, more level path for 2005. Prior to this, the company had been dormant for a little over a year due to the fact that the previous management team failed to secure the necessary funding for the company. In addition, so far this year alone, the company has successfully reduced its debt burden by approximately 15%.
Since the beginning of the year, management has taken several steps to continue this positive track that should ultimately help transform the company into a profitable enterprise:
1. The structure of the shares of the company was vulnerable to attack by unscrupulous entities. Therefore management executed a reverse split of 1 for 200 and changed the ticker symbol.
2. The company has an exclusive agreement with JBD Consulting to institute national and global sales and marketing strategies of the WaveScribe products and services through JBD. JBD corporate executives have a resourceful and capable past that includes major corporations in the transcription and mass document production industries.
3. As part of the company's expansion efforts, the WordMates brand of typing and document production outlets is expected to open its first location to the business community and general public in fall 2005.
4. The company applied for and was successful in the receipt of a Commercial And Government Entity (C.A.G.E.) identification number, and will be actively seeking contracts with the federal government for transcription and document production.
5. A team of software engineers and specialists has been assembled for the enhancement of the WaveScribe product, and to make significant and useful upgrades to the WaveScribe platform. This will allow the platform to service and encompass an even wider range of industries.
6. Unforeseen circumstances notwithstanding, management has set a goal to roll out the company's latest products in the third quarter.
In summary, it is the intention of management to develop the best possible product and service line that will allow WaveScribe to become a strong dominant competitor in the transcription and document production markets. Should the company be successful in acquiring just 1% of this $20B industry, the success of the products as well as increased shareholder value will be a positive reflection on the hard work of the last two years.
Thank you for continuing to believe in the company during some of its most challenging valleys and peaks. The company has made a number of changes. There have been some difficult choices, but we will continue to put the company -- and our shareholders' interests -- first. Currently, we are well positioned to develop and market our leading-edge products and this will create significant shareholder value in the future.
Thank you.
-------------------- EVERY Day ABOVE GROUND is a GREAT DAY!!!
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Nice volume throughout this week suggests that the buyers are out there on this one and we should start seeing an upward trend very soon. Any positive news of increased revenue, new sales, or additional channel partners will boost the price significantly.
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