NEW YORK, May 3, 2000 (PRIMEZONE) -- Voicenet, Inc. (OTCBB:VNET) announced today that it has made application to The American Stock Exchange for listing its common stock on the AMEX.
In connection with the requirements of the American Stock Exchange, the Company has also appointed its Audit Committee, which is comprised of non-employee Directors of Voicenet, Inc. The members of the newly constituted committee are: Rt. Hon. Dr. Lord John Gilbert, the former Minister of Defense of the United Kingdom, Mr. Chris Brown, a partner in the chartered accounting firm of William Buck and Co., along with Mr. Alan Dawson, Chairman of Voicenet (Aust.) Ltd.
Frank Carr, Chairman of Voicenet stated "Our decision to apply for listing on the American Stock Exchange is being done at this time in order to allow the Company to have greater exposure to the investment community. As demonstrated by the acceptance by Telefonica CTC, a major Latin American tier-one telecommunications carrier group, in its April 25, 2000 agreement with Rimpex International S.A. of our voice recognition ("VR") enabled application services and related technologies from our SPEECHware( suite of architecture, the growth of our technology in the Americas has resulted in increased interest in the Company by the investment community as a whole. Our commitment to increased shareholder value can only occur through the continued growth of the Company and bringing its message and technological expertise to a wider array of investors."
ABOUT VOICENET:
Voicenet is a voice technology company that has developed speech based applications and a voice operating system ("VOS") platform which enables cellular and land based telephone users to access and create their e-mail and faxes on a real-time interactive basis. The VOS architecture utilizes a best-of-breed structure employing licensed technology where appropriate from leaders in speech-to-text and text-to-speech software, including that developed by Voicenet's parent company's licensing and marketing partner, Lernout & Hauspie, the world's leading voice recognition software company.
FORWARD LOOKING STATEMENT:
This press release contains forward-looking statements, which are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions including without limitation such words as: "expects", "believes", "seeks" and "anticipates", reflecting something other than historical facts are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, and other factors. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.