FYI:
Tuesday November 17, 2:32 pm Eastern Time
Company Press Release
fonix Corporation Announces New
HealthCare and Interactive Technologies
Groups to Accelerate Sales and Revenue
fonix appoints four new officers to support strategic groups
WOBURN, Mass.--(BUSINESS WIRE)--Nov. 17, 1998-- fonix corporation (NASDAQ:FONX - news), the
innovation leader in human computer interaction technology, today announced two new strategic operating groups,
the HealthCare Solutions Group and the Interactive Technologies Solutions Group. The groups combine recent
acquisitions with fonix' core technology to better maximize its expanding line of products and technologies. In
support of the Company's new operating structure, fonix also announced the following appointments: Ivan Mimica
to vice president and general manager of the HealthCare Solutions Group; Bill Kania to vice president and general
manager of the Interactive Technologies Solutions Group; Lynn Shepard to vice president of product engineering;
and Paul Clayson to vice president of strategic business development.
''The new fonix operating groups are designed for emphasis on revenue generation while simultaneously
maximizing cost efficiencies. The new groups will play an integral part in fonix' future development and leadership
in the burgeoning field of human computer interaction technology,'' said Stephen M. Studdert, chairman and CEO
of fonix corporation. ''We are fortunate to have Ivan Mimica, Bill Kania, Lynn Sheperd and Paul Clayson lead our
Company's new groups. Together, they bring to fonix a wealth of technology and sales leadership, experience and
vision which we believe will drive fonix solutions to become the defacto standard in human computer interaction
technology.''
The HealthCare Solutions Group, lead by Ivan Mimica, will initially market the PowerScribe family of
dictation/transcription products. This award winning technology cost-effectively and rapidly captures, transcribes
and manages dictated clinical information across a network. Bill Kania will head the Interactive Technologies
Solutions Group which will initially market such technologies as the AV1700 Text Reader, a standalone application
that can speak any text file back to the user; the 3D Assistant, an animated intelligent desktop agent; and Allegro
handwriting recognition software.
Lynn Shepherd will also support the new operating structure in his role as vice president of product engineering. In
this capacity, Shepherd will incorporate all existing product development efforts into cohesive product engineering
teams focused on product delivery.
Paul Clayson will lead fonix' efforts to develop and extend major corporate relationships in the embedded systems
markets. Clayson will assume responsibility for sales relationships with Siemens and other prospective OEM
partners and work with fonix product engineering teams to drive recurring revenue projects.
About fonix corporation
fonix corporation, based in Salt Lake City, Utah with offices in Boston and Silicon Valley, provides solutions to
make human interaction with computers and other intelligence appliances more simple and convenient. The fonix
suite of products and services, including speech recognition, handwriting recognition, text-to-speech and intelligent
Internet agents, provides natural, intuitive solutions that allow people and their technological tools to speak to and
interact with each other in human terms. fonix technology produces and enhances products offered by fonix and its
OEM partners and is included in computer and Internet based systems and devices for consumer, professional and
industrial markets.
Note: The statements released by fonix corporation 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 expectation, hopes, intentions, and strategies for the future. Investors are
cautioned that forward-looking statements invoke risk and uncertainties that may affect the Company's business
prospects and performance. It is important to note that the Company's actual results could differ materially from
those in such forward-looking statements. Risk factors including 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.
Contact:
fonix corporation
Investor Relations
Al Waddill
(801) 553-6600
invrel@fonix.com
or
Schwartz Communications, Inc.
Shawn Whalen/Francesca Infantine
(781) 684-0770
francesca@schwartz-pr.com |
